Borwell Cycles Limited
05209951
Healthy
- No accounts filed in last 18 months (-5)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Iain Malcolm Palmer
British · United Kingdom · Age 62
25 Temple Road, Norwich, NR3 1ED
Notified 06/04/2016
Former PSCs
Mr Jason Ralph Palmer
Ceased 30/04/2019
CompanyRankvs 3331+ SIC 47789 peers62
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/12/2024
Net Worth
£22k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£14k
Working capital
Current Assets
£45k
Current Liabilities
£30k
Fixed Assets
£8k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.47 | -£2k |
| 2023 | 1.53 | -£858 |
| 2022 | 1.59 | -£2k |
| 2021 | 1.63 | +£185 |
| 2020 | 1.62 | +£15k |
| 2019 | 1.16 | +£1k |
| 2018 | 1.09 | — |
Derived from filed accounts. Not audited figures.