Machineworks Limited
04561671
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 30/09/2025
Due 14/10/2026
Industry
Officers
Persons with Significant Control
Westec Holdings Company Limited
200, London Road, Burgess Hill, RH15 9RD
Reg: 03871242 · England And Wales · Private Limited Company
Notified 06/04/2016
CompanyRankvs 117+ SIC 62012 peers90
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/12/2024
Net Worth
£4.2M
Balance sheet strength
Cash
£4.0M
Cash in the bank
Net Current Assets
£4.2M
Working capital
Current Assets
£4.8M
Current Liabilities
£588k
Fixed Assets
£91k
Debtors
£777k
Profit After Tax
£2.3M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 8.08 | -£867k |
| 2023 | 8.72 | — |
Derived from filed accounts. Not audited figures.