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Morse Systems Engineering Ltd

04537668

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

19 NORTH STREET, ASHFORD, TN24 8LF
Incorporated 17/09/2002

Compliance

Last accounts

30/09/2023

total exemption full

Next accounts due

27/06/2025

Overdue

Confirmation statement

Last: 15/02/2026

Due 01/03/2027

On track

Industry

25620
Machining

Officers

Mr Dean Morse

secretary · Since 17/09/2002

NONE

BRITISH · UNITED KINGDOM · Age 53

Also on 31 other boards

Mr Dean Morse

director · Since 17/09/2002

ENGINEER

BRITISH · UNITED KINGDOM · Age 53

Also on 31 other boards

Graham Featonby Morse

director · Since 17/09/2002

ENGINEER

BRITISH · UNITED KINGDOM · Age 79

Also on 7 other boards

Mrs Karen Lynn Morse

director · Since 01/09/2018

ACCOUNTS MANAGER

AMERICAN · UNITED KINGDOM · Age 55

Also on 7 other boards

Persons with Significant Control

Mr Dean Morse

75–100% shares
75–100% votes
Appoint directors
Significant control

British · United Kingdom · Age 53

34, Blue Field, Ashford, TN23 5HP

Notified 06/04/2016

Charges0 outstanding

charge
satisfied

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 22/01/2013Registered 28/01/2013Satisfied 21/01/2016

CompanyRankvs 1873+ SIC 25620 peers
39

Financial strength11th percentile among SIC peers · 3/25
Employees25th percentile among SIC peers · 4/15
LiquidityCurrent ratio 0.4× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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1873Morse Systems Engineering Ltd
39
How is this score calculated?
Financial strength3/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees4/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/09/2023

Net Worth

£1

Balance sheet strength

Cash

£14

Cash in the bank

Net Current Assets

-£31k

Working capital

Current Assets

£21k

Current Liabilities

£52k

Debtors

£21k

1avg. employees+1

Balance Sheet

Assets less current liabilities-£31k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20230.40
20220.62
20210.49

Derived from filed accounts. Not audited figures.