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Gen 2 Carbon Limited

05191512

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

CANNON BUSINESS PARK GOUGH ROAD, DUDLEY, WV14 8XR
Incorporated 28/07/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

13960
Manufacture of other technical and industrial textiles

Officers

Mr Frazer John Charles Barnes

director · Since 17/02/2014

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 3 other boards

Mr Mohammed Babar Hanif

director · Since 19/09/2024

CEO

BRITISH · ENGLAND · Age 57

Also on 3 other boards

Persons with Significant Control

Gen 2 Composites Ltd

75–100% shares
voting-rights-75-to-100-percent-as-trust
Appoint directors

Unit 27, Cannon Business Park, Coseley, WV14 8XQ

Notified 29/04/2021

Charges0 outstanding

charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED

Created 01/11/2010Registered 03/11/2010Satisfied 01/10/2011
charge
satisfied

HSBC ASSET FINANCE (UK) LIMITED

Created 17/11/2009Registered 20/11/2009Satisfied 01/10/2011
charge
satisfied

MILLED CARBON LIMITED

Created 26/10/2009Registered 11/11/2009Satisfied 01/10/2011
charge
satisfied

RCF CREDIT LLC

Created 26/10/2009Registered 11/11/2009Satisfied 01/10/2011

CompanyRankvs 90+ SIC 13960 peers
66

Financial strength44th percentile among SIC peers · 11/25
Employees86th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.19× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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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.

Employees13/15 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.

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

Key FinancialsYear ending 30/12/2024

Net Worth

£1k

Balance sheet strength

Cash

£29k

Cash in the bank

Net Current Assets

£166k

Working capital

Current Assets

£1.1M

Current Liabilities

£888k

Fixed Assets

£445k

Debtors

£243k

13avg. employees-4

Balance Sheet

Intangible assets£5k
Assets less current liabilities£612k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.19+£0
20231.26

Derived from filed accounts. Not audited figures.