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Thor Atkinson Steel Fabrications Ltd

05800388

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
20/30
Financial
30/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 6 outstanding charges (-10)

Details

FABRICATION HOUSE, ULVERSTON, LA12 7SH
Incorporated 28/04/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities
82990
Other business support service activities

Officers

Mr Thor Parker Atkinson

director · Since 02/05/2006

DIRECTOR

BRITISH · ENGLAND · Age 49

Mrs Jemma Atkinson

director · Since 08/01/2018

HR ADMINISTRATION

BRITISH · ENGLAND · Age 50

Persons with Significant Control

Mr Thor Parker Atkinson

25–50% shares
25–50% votes

British · England · Age 49

Fabrication House, Newland, Ulverston, LA12 7SH

Notified 28/04/2017

Mrs Jemma Atkinson

25–50% shares
25–50% votes

British · England · Age 50

Fabrication House, Newland, Ulverston, LA12 7SH

Notified 08/01/2018

Charges6 outstanding

Charge
satisfied

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Charge
outstanding

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charge
outstanding

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charge
outstanding

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charge
outstanding

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CompanyRankvs 1144+ SIC 71129 peers
62

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.17× · 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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1144Thor Atkinson Steel Fabrications Ltd
82
How is this score calculated?
Financial strength25/25 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

that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Company or to cease operations,

Key FinancialsYear ending 31/05/2025

Turnover

£18.8M

Annual revenue

Net Worth

£2.4M

Balance sheet strength

Cash

—

Cash in the bank

Profit Before Tax

£1.0M

Bottom line earnings

Net Current Assets

£879k

Working capital

Current Assets

£5.9M

Current Liabilities

£5.1M

Fixed Assets

£6.1M

Debtors

£5.4M

Cost of Sales

£13.5M

Gross Profit

£5.3M

Admin Expenses

£3.9M

Operating Profit

£1.5M

Profit After Tax

£1.5M

116avg. employees-5

Tax at Year End

Corp tax£308k
Dividends paid£500k

People Costs

Wages & salaries£5.5M
NI contributions£570k

Balance Sheet

Bank loans & overdrafts£102k
Assets less current liabilities£7.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.17+£1.0M
20241.03+£573k
20230.87—

Derived from filed accounts. Not audited figures.