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Vehicle Weighing Solutions Limited

05677827

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

UNIT 5 SOUTHVIEW PARK MARSACK STREET, READING, RG4 5AF
Incorporated 17/01/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

26511
Manufacture of electronic instruments and appliances for measuring, testing, and navigation

Officers

Mr Julian Glasspole

director · Since 01/04/2007

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 21 other boards

Mr Julian Glasspole

secretary · Since 24/07/2007

BRITISH · UNITED KINGDOM · Age 62

Also on 21 other boards

Martin Lister

director · Since 01/02/2017

PRODUCTION DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Persons with Significant Control

Vws Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Unit 5 Southview Park, Marsack Street, Reading, RG4 5AF

Reg: 11824621 · Companies House · Limited By Shares

Notified 17/11/2020

Former PSCs

Mr John Treacy

Ceased 17/11/2020

Mr Julian Glasspole

Ceased 17/11/2020

Charges5 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 30/09/2016Registered 24/11/2016
Charge
outstanding

BARCLAYS BANK PLC

Created 24/04/2015Registered 14/05/2015
Charge
outstanding

BARCLAYS BANK PLC

Created 23/01/2015Registered 13/02/2015
Charge
outstanding

BARCLAYS BANK PLC

Created 23/01/2015Registered 13/02/2015
charge
outstanding

BARCLAYS BANK PLC

Created 02/04/2008Registered 09/04/2008

CompanyRankvs 167+ SIC 26511 peers
60

Financial strength91th percentile among SIC peers · 23/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.13× · 12/20
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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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.

Employees15/15 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.

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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 30/09/2024

Turnover

£11.3M

Annual revenue

Net Worth

£2.6M

Balance sheet strength

Cash

£1.3M

Cash in the bank

Profit Before Tax

£2.3M

Bottom line earnings

Net Current Assets

£581k

Working capital

Current Assets

£5.1M

Current Liabilities

£4.5M

Fixed Assets

£2.2M

Debtors

£2.4M

Cost of Sales

£6.9M

Gross Profit

£4.4M

Admin Expenses

£2.0M

Operating Profit

£2.4M

Profit After Tax

£1.7M

77avg. employees+3

Tax at Year End

Corp tax£562k
Dividends paid£1.1M

Director Loans

Company owes directors£47k

People Costs

Wages & salaries£3.3M
NI contributions£10k

Balance Sheet

Assets less current liabilities£2.8M
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20241.13+£608k
20231.18+£88k
20221.31-£71k
20211.74+£386k
20201.40

Derived from filed accounts. Not audited figures.