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Transit Engineering Limited

06410884

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

PEGASUS HOUSE POLO GROUNDS, PONTYPOOL, NP4 0TW
Incorporated 29/10/2007

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 29/10/2025

Due 12/11/2026

On track

Industry

32990
Other manufacturing

Officers

Mr Simon Keith Jones

director · Since 29/10/2007

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Also on 3 other boards

Mrs Christina Jones

secretary · Since 29/10/2016

Persons with Significant Control

Mr Simon Keith Jones

50–75% shares
50–75% votes

British · United Kingdom · Age 59

Brook Cottage, Church Lane, Newport, NP10 8TU

Notified 06/04/2016

Mrs Christina Jones

25–50% shares
25–50% votes

British · United Kingdom · Age 47

Pegasus House, Polo Grounds, Pontypool, NP4 0TW

Notified 29/10/2016

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 04/04/2008Registered 11/04/2008
charge
satisfied

FINANCE WALES INVESTMENTS LIMITED

Created 04/04/2008Registered 09/04/2008Satisfied 29/07/2014

CompanyRankvs 2517+ SIC 32990 peers
66

Financial strength94th percentile among SIC peers · 24/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 73.08× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2517Transit Engineering Limited
76
How is this score calculated?
Financial strength24/25 pts

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

Employees2/15 pts

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

Liquidity20/20 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£1.8M

Balance sheet strength

Cash

£311

Cash in the bank

Net Current Assets

£368k

Working capital

Current Assets

£373k

Current Liabilities

£5k

Fixed Assets

£1.5M

Debtors

£373k

0avg. employees

Tax at Year End(2023)

Dividends paid£130k

Balance Sheet

Assets less current liabilities£1.8M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
202473.08
20230.21
20220.21
20210.00

Derived from filed accounts. Not audited figures.