Horn Cutting Tools Limited
06427770
Healthy
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 31/03/2026
Due 14/04/2027
Industry
Officers
Persons with Significant Control
Mr Markus Horn
German · Germany · Age 44
Palmerston House, Purley, CR8 2BR
Notified 05/02/2023
Former PSCs
Lothar Horn
Ceased 05/02/2023
Charges1 outstanding
HSBC BANK PLC
CompanyRankvs 19+ SIC 28490 peers68
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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
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 director with respect to g
Key FinancialsYear ending 31/12/2024
Net Worth
£3.2M
Balance sheet strength
Cash
£3.0M
Cash in the bank
Profit Before Tax
£399k
Bottom line earnings
Net Current Assets
£3.0M
Working capital
Current Assets
£5.5M
Current Liabilities
£2.6M
Fixed Assets
£308k
Debtors
£2.1M
Cost of Sales
£5.7M
Admin Expenses
£4.4M
Profit After Tax
£262k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.16 | +£262k |
| 2023 | 2.01 | +£499k |
| 2022 | 1.82 | +£107k |
| 2021 | 2.03 | -£1.0M |
| 2020 | 2.17 | -£193k |
| 2019 | 2.03 | -£803k |
| 2018 | 2.35 | — |
Derived from filed accounts. Not audited figures.