Ifeline Precision Engineering Ltd
05748575
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 20/03/2006
DIRECTOR
BRITISH · ENGLAND · Age 67
Also on 1 other board
Persons with Significant Control
Mr Colin Patrick Ife
British · United Kingdom · Age 67
73 Thickley Close, Shirebrook, Nottingham, NG20 8UP
Notified 06/04/2016
CompanyRankvs 2133+ SIC 71129 peers77
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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 31/07/2024
Net Worth
£226k
Balance sheet strength
Cash
£192k
Cash in the bank
Net Current Assets
£226k
Working capital
Current Assets
£296k
Current Liabilities
£70k
Fixed Assets
£75
Debtors
£104k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 4.22 | -£43k |
| 2023 | 4.46 | -£108k |
| 2022 | 3.31 | -£28k |
| 2021 | 3.63 | -£19k |
| 2020 | 3.52 | +£43k |
| 2019 | 3.41 | +£36k |
| 2018 | 3.98 | — |
Derived from filed accounts. Not audited figures.