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Acl (2002) Limited

04578644

active
Private Limited Company
england wales
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

91 BIRMINGHAM ROAD, WEST BROMWICH, B70 6PX
Incorporated 31/10/2002

Compliance

Last accounts

31/03/2024

full

Next accounts due

31/03/2026

Overdue

Confirmation statement

Last: 18/10/2025

Due 01/11/2026

On track

Industry

31090
Manufacture of other furniture

Officers

Mr Robert Bennett

director · Since 14/11/2002

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 72

Mr Craig Royston Watts

director · Since 14/11/2002

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 65

Also on 19 other boards

Mr. Craig Royston Watts

secretary · Since 01/04/2014

Persons with Significant Control

Mr Craig Royston Watts

75–100% shares
75–100% votes

British · United Kingdom · Age 65

129, New Penkridge Road, Cannock, WS11 1HN

Notified 06/04/2016

Former PSCs

Mr Robert Bennett

Ceased 21/12/2017

Charges2 outstanding

Charge
outstanding

MEIF WM DEBT LP ACTING BY ITS GENERAL PARTNER MAVEN MEIF (WM) GP (ONE) LIMITED

Created 02/08/2021Registered 09/08/2021
Charge
satisfied

RBS INVOICE FINANCE LTD

Created 31/01/2018Registered 31/01/2018Satisfied 19/05/2021
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 21/12/2016Registered 22/12/2016
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 14/11/2007Registered 23/11/2007Satisfied 06/09/2014
charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 20/06/2007Registered 04/07/2007Satisfied 06/09/2014
charge
satisfied

LLOYDS TSB BANK PLC

Created 02/02/2007Registered 07/02/2007Satisfied 14/06/2007
charge
satisfied

LLOYDS TSB BANK PLC

Created 30/03/2006Registered 04/04/2006Satisfied 06/09/2014

CompanyRankvs 819+ SIC 31090 peers
52

Financial strength99th percentile among SIC peers · 25/25
Employees31th percentile among SIC peers · 5/15
LiquidityCurrent ratio 1.44× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees5/15 pts

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

Liquidity12/20 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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

recommend payment of a final dividend. Directors The directors who held office during the year and up to the date of signature of the financial statements were as follows: Mr R Bennett Mr C R Watts GOING CONCERN The directors have considered the financial position of the company which shows healthy reserves and cash balances. They have not identified any material uncertainties that may cast sign

Key FinancialsYear ending 31/03/2024

Net Worth

£2.8M

Balance sheet strength

Cash

£108k

Cash in the bank

Profit Before Tax

-£490k

Bottom line earnings

Net Current Assets

£1.8M

Working capital

Current Assets

£5.8M

Current Liabilities

£4.1M

Fixed Assets

£1.6M

Debtors

£5.4M

Cost of Sales

£6.3M

Admin Expenses

£1.4M

Profit After Tax

-£487k

1avg. employees-103

Tax at Year End

Corp tax£84k

People Costs

Wages & salaries£2.0M

Balance Sheet

Bank loans & overdrafts£1.1M
Assets less current liabilities£3.3M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.44-£487k
20231.48-£395k
20221.53+£94k
20211.42+£338k
20201.37

Derived from filed accounts. Not audited figures.