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Optical Tools For Industry Limited

05355973

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

OPTICAL TOOLS FOR INDUSTRY CROWN CHERT QUARRY, HOLYWELL, CH8 9BD
Incorporated 08/02/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing

Officers

John Michael Meelan

secretary · Since 08/02/2005

ENGINEER

BRITISH · WALES · Age 71

Also on 3 other boards

Mr John Emlyn Davies

director · Since 08/02/2005

ENGINEER

BRITISH · WALES · Age 61

John Michael Meelan

director · Since 08/02/2005

ENGINEER

BRITISH · WALES · Age 71

Also on 3 other boards

Mr Kyle Mclean Parry

director · Since 28/10/2024

COMPANY DIRECTOR

BRITISH · WALES · Age 39

Also on 1 other board

Persons with Significant Control

Mr John Michael Meelan

50–75% shares

British · Wales · Age 71

Optical Tools For Industry, Crown Chert Quarry, Holywell, CH8 9BD

Notified 07/04/2016

Charges3 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 20/12/2017Registered 21/12/2017
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 01/12/2017Registered 04/12/2017
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 31/10/2005Registered 09/11/2005
charge
satisfied

FINANCE WALES INVESTMENTS LIMITED

Created 31/10/2005Registered 08/11/2005Satisfied 04/10/2017
charge
satisfied

FINANCE WALES INVESTMENTS LIMITED

Created 31/10/2005Registered 08/11/2005Satisfied 04/10/2017

CompanyRankvs 2755+ SIC 32990 peers
65

Financial strength90th percentile among SIC peers · 23/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 2.93× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2755Optical Tools For Industry Limited
75
How is this score calculated?
Financial strength23/25 pts

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

Employees2/15 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 31/07/2025

Net Worth

£1.1M

Balance sheet strength

Cash

£364k

Cash in the bank

Net Current Assets

£708k

Working capital

Current Assets

£1.1M

Current Liabilities

£367k

Fixed Assets

£777k

Debtors

£681k

0avg. employees-10

Tax at Year End(2021)

Corp tax£0

Balance Sheet

Intangible assets£0
Assets less current liabilities£1.5M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20252.93+£354k
20242.82+£106k
20232.58+£198k
20222.16-£163k
20211.40—

Derived from filed accounts. Not audited figures.