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Compass Tractors Limited

04991388

active
Private Limited Company
england wales
Companies House
Health Score
77 / 100

Some Concerns

25/30
Filing
20/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

MARKET WAY, BRIDGWATER, TA6 6DF
Incorporated 10/12/2003

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 10/12/2025

Due 24/12/2026

On track

Industry

46610
Wholesale of agricultural machinery, equipment and supplies

Officers

Mr Justin Percy William Nichols

director · Since 10/12/2003

DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 3 other boards

Mr Richard Alan John Parris

director · Since 01/11/2010

AGRICULTURAL MACHINERY DEALER

BRITISH · UNITED KINGDOM · Age 61

Also on 12 other boards

Persons with Significant Control

Compass Agri (Holdings) Limited

75–100% shares
75–100% votes

Leeward House, Fitzroy Road, Exeter, EX1 3LJ

Reg: 10728335 · Companies House · Private Company Limited By Shares

Notified 23/11/2017

Former PSCs

Mr Justin Percy William Nichols

Ceased 23/11/2017

Mr Richard Alan John Parris

Ceased 23/11/2017

Charges4 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 24/08/2022Registered 03/09/2022
Charge
outstanding

BARCLAYS BANK PLC

Created 19/08/2022Registered 22/08/2022
Charge
outstanding

BARCLAYS BANK PLC

Created 26/03/2018Registered 04/04/2018
charge
outstanding

BARCLAYS BANK PLC

Created 11/04/2012Registered 17/04/2012
charge
satisfied

HSBC BANK PLC

Created 24/02/2004Registered 26/02/2004Satisfied 27/01/2014

CompanyRankvs 133+ SIC 46610 peers
60

Financial strength96th percentile among SIC peers · 24/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.25× · 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 strength24/25 pts

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

Employees14/15 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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t

Key FinancialsYear ending 31/12/2023

Turnover

£23.2M

Annual revenue

Net Worth

£4.7M

Balance sheet strength

Cash

£2k

Cash in the bank

Profit Before Tax

£412k

Bottom line earnings

Net Current Assets

£1.3M

Working capital

Current Assets

£6.3M

Current Liabilities

£5.0M

Fixed Assets

£6.4M

Debtors

£2.6M

Cost of Sales

£21.6M

Gross Profit

£1.6M

Admin Expenses

£1.1M

Profit After Tax

£307k

27avg. employees+4

Tax at Year End

Dividends paid£195k

People Costs

Wages & salaries£1.2M
NI contributions£117k

Balance Sheet

Bank loans & overdrafts£120k
Assets less current liabilities£7.7M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20231.25+£716k
20211.44

Derived from filed accounts. Not audited figures.