Transformer Acquisition Company Limited
05882514
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 20/07/2025
Due 03/08/2026
Industry
Officers
director · Since 20/07/2006
DIRECTOR
AMERICAN · UNITED STATES · Age 70
Also on 18 other boards
Persons with Significant Control
Mr Leonard Levie
American · Puerto Rico · Age 70
9a, Burroughs Gardens, London, NW4 4AU
Notified 06/04/2016
CompanyRankvs 7708+ SIC 82990 peers71
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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.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
"The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements are presented in Euros and are rounded to the nearest Euro. 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 31/12/2024
Net Worth
£20.2M
Balance sheet strength
Cash
£82k
Cash in the bank
Net Current Assets
£18.4M
Working capital
Current Assets
£19.2M
Current Liabilities
£831k
Fixed Assets
£1.9M
Debtors
£16.8M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 23.12 | -£183k | £34k |
| 2023 | 70.98 | -£621k | — |
| 2022 | 70.86 | -£1.4M | — |
| 2021 | 1385.21 | -£2.3M | — |
| 2020 | 911.62 | -£135k | — |
| 2019 | 800.44 | -£1.0M | — |
| 2018 | 687.79 | — | — |
Derived from filed accounts. Not audited figures.