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National Abrasives Ltd

05094280

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

54 ALBERT ROAD NORTH, REIGATE, RH2 9EL
Incorporated 05/04/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46900
Non-specialised wholesale trade

Officers

Mr Stephen William Leonard Furnell

director · Since 14/04/2004

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 75

Mr Fred White

director · Since 12/05/2010

SALES DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 2 other boards

Mr Fred White

secretary · Since 31/05/2012

Also on 2 other boards

Mrs Carol Furnell

director · Since 22/05/2013

DIRECTOR

BRITISH · ENGLAND · Age 62

Persons with Significant Control

Mrs Carol Furnell

25–50% shares
25–50% votes

British · England · Age 62

54, Albert Road North, Reigate, RH2 9EL

Notified 06/04/2016

Mr Stephen William Leonard Furnell

25–50% shares
25–50% votes

British · United Kingdom · Age 75

54, Albert Road North, Reigate, RH2 9EL

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

RBS INVOICE FINANCE LIMITED

Created 02/07/2025Registered 04/07/2025
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 30/04/2015Registered 13/05/2015
charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 11/06/2007Registered 25/06/2007Satisfied 13/08/2018
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 20/12/2006Registered 23/12/2006

CompanyRankvs 488+ SIC 46900 peers
78

Financial strength97th percentile among SIC peers · 24/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.55× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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488National Abrasives Ltd
88
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.

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 31/12/2024

Net Worth

£2.5M

Balance sheet strength

Cash

£8k

Cash in the bank

Net Current Assets

£856k

Working capital

Current Assets

£1.4M

Current Liabilities

£551k

Fixed Assets

£2.6M

Debtors

£360k

Profit After Tax

-£2k

20avg. employees-2

Balance Sheet

Intangible assets£1k
Assets less current liabilities£3.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.55+£5k
20232.30+£278k
20222.41+£371k
20211.94—

Derived from filed accounts. Not audited figures.