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Solapak Systems Limited

04594857

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

2 VICTORIA HALL, AXMINSTER, EX13 5AX
Incorporated 19/11/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

27900
Manufacture of other electrical equipment

Officers

Terry Christopher Peachey

secretary · Since 21/11/2002

SALES MANAGER

BRITISH · UNITED KINGDOM · Age 75

Mr Terry Christopher Peachey

director · Since 21/11/2002

SALES MANAGER

BRITISH · ENGLAND · Age 75

Also on 1 other board

Mr Martin James Bellamy

director · Since 01/01/2019

CHARTERED ENGINEER

BRITISH · ENGLAND · Age 54

Mrs Lesley Joan Peachey

director · Since 30/11/2020

RETIRED

BRITISH · ENGLAND · Age 64

Persons with Significant Control

Mr Terry Christopher Peachey

25–50% shares

British · England · Age 75

2 Victoria Hall, Coombe Lane, Axminster, EX13 5AX

Notified 01/12/2016

Mr Martin James Bellamy

25–50% shares

British · England · Age 54

2 Victoria Hall, Coombe Lane, Axminster, EX13 5AX

Notified 06/09/2023

Former PSCs

Mr Terry Christopher Peachey

Ceased 18/12/2019

Charges3 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 10/07/2020Registered 16/07/2020
Charge
outstanding

BARCLAYS BANK PLC

Created 30/09/2013Registered 03/10/2013
charge
outstanding

BARCLAYS BANK PLC

Created 30/07/2003Registered 07/08/2003

CompanyRankvs 336+ SIC 27900 peers
69

Financial strength73th percentile among SIC peers · 18/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 3.24× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength18/25 pts

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

Employees11/15 pts

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

Liquidity20/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

£248k

Balance sheet strength

Cash

£154k

Cash in the bank

Net Current Assets

£147k

Working capital

Current Assets

£213k

Current Liabilities

£66k

Fixed Assets

£3k

Debtors

£21k

5avg. employees

Tax at Year End

VAT£4k

Director Loans

Directors owe company£21k

Balance Sheet

Assets less current liabilities£150k
Signed by Mr Terry Peachey 03/06/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20253.24+£60k£75k
20241.17+£79k
20231.02-£232k
20211.90+£101k
20202.86+£73k
20192.76

Derived from filed accounts. Not audited figures.