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Cool Conversions Limited

05516819

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

2 THE OLD ESTATE YARD HIGH STREET, WANTAGE, OX12 8JY
Incorporated 22/07/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining

Officers

Mr Mark Rawlings

director · Since 22/07/2005

PRODUCTION ENGINEER

BRITISH · ENGLAND · Age 59

Also on 2 other boards

Mrs Hayley Rawlings

secretary · Since 17/03/2011

Persons with Significant Control

Mr Mark Rawlings

25–50% shares

British · England · Age 59

2 The Old Estate Yard, High Street, Wantage, OX12 8JY

Notified 20/07/2016

Mrs Hayley Rawlings

25–50% shares

British · England · Age 56

2 The Old Estate Yard, High Street, Wantage, OX12 8JY

Notified 20/07/2016

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 25/09/2020Registered 29/09/2020
charge
satisfied

HSBC BANK PLC

Created 10/09/2010Registered 11/09/2010Satisfied 16/07/2020

CompanyRankvs 1750+ SIC 25620 peers
22

Financial strength3th percentile among SIC peers · 1/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.46× · 2/20
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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42
How is this score calculated?
Financial strength1/25 pts

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

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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

Act 2006. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 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 31/12/2025

Net Worth

-£59k

Balance sheet strength

Cash

£265

Cash in the bank

Net Current Assets

-£82k

Working capital

Current Assets

£69k

Current Liabilities

£151k

Fixed Assets

£41k

Debtors

£41k

4avg. employees

Tax at Year End

Corp tax£4k
VAT£5k

Director Loans

Company owes directors£46k

Balance Sheet

Assets less current liabilities-£41k
Signed by Mr M Rawlings 23 March 2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.46-£34k£91k
20240.38+£7k£133k
20230.49-£39k£402k
20220.89-£28k—
20210.85——

Derived from filed accounts. Not audited figures.