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Metalwork Solutions Limited

05073518

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

3 EXE UNITS COFTON ROAD, EXETER, EX2 8QW
Incorporated 15/03/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25500
Forging, pressing, stamping and roll-forming of metal; powder metallurgy

Officers

Mr Adrian David Sewell

director · Since 12/04/2010

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 3 other boards

Persons with Significant Control

Mrs Caroline Samantha Mace

25–50% shares

British · England · Age 54

3 Exe Units, Cofton Road, Exeter, EX2 8QW

Notified 15/03/2017

Mrs Karen Julie Sewell

25–50% shares

British · England · Age 62

3, Nelson Road, Exeter, EX4 1BE

Notified 15/03/2017

Charges1 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 16/04/2004Registered 23/04/2004

CompanyRankvs 188+ SIC 25500 peers
38

Financial strength43th percentile among SIC peers · 11/25
Employees70th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.99× · 6/20
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 strength11/25 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.

Liquidity6/20 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

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/03/2025

Net Worth

£28k

Balance sheet strength

Cash

£10k

Cash in the bank

Net Current Assets

-£1k

Working capital

Current Assets

£168k

Current Liabilities

£169k

Fixed Assets

£31k

Debtors

£116k

9avg. employees-1

Tax at Year End

Corp tax£593
VAT£17k

Director Loans

Company owes directors£98k

Balance Sheet

Assets less current liabilities£30k
Signed by Mr Adrian Sewell 2 May 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.99+£3k£349k
20240.99-£544£317k
20230.99-£2k£291k
20221.18+£12k£340k
20211.07+£5k£351k
20200.93-£26k£147k
20191.13£128k

Derived from filed accounts. Not audited figures.