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Friction Technology Limited

04903830

active
Private Limited Company
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)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

UNIT 11, BINGSWOOD IND. EST, HIGH PEAK, SK23 7LY
Incorporated 18/09/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining

Officers

Mr Christopher Ian Holmes

director · Since 20/10/2003

SALES REPRESENTIVE

BRITISH · ENGLAND · Age 63

Also on 4 other boards

Mr Jonathan Edward Bates-Kawachi

director · Since 18/02/2025

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 6 other boards

Mr Duncan John Penny

director · Since 18/02/2025

DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 5 other boards

Persons with Significant Control

N Industries Group Limited

50–75% shares
50–75% votes
Appoint directors

The Thames Suite 133, Creek Road, London, SE8 3BU

Reg: 15082456 · Companies House Of England And Wales · Private Limited Company

Notified 18/02/2025

Charges2 outstanding

Charge
outstanding

ALLICA FINANCIAL SERVICES LIMITED

Created 22/04/2025Registered 24/04/2025
Charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 08/12/2016Registered 13/12/2016

CompanyRankvs 527+ SIC 25620 peers
69

Financial strength82th percentile among SIC peers · 21/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 1.88× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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527Friction Technology Limited
75
How is this score calculated?
Financial strength21/25 pts

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

Employees12/15 pts

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

Liquidity16/20 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 30/09/2024

Net Worth

£838k

Balance sheet strength

Cash

£574k

Cash in the bank

Net Current Assets

£676k

Working capital

Current Assets

£1.4M

Current Liabilities

£764k

Fixed Assets

£274k

Debtors

£460k

14avg. employees

Balance Sheet

Assets less current liabilities£950k
Signed by Mr Christopher Holmes 26/06/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.88+£244k
20231.65+£115k
20221.45+£120k
20211.38+£84k
20201.35+£111k
20191.10+£14k
20181.13—

Derived from filed accounts. Not audited figures.