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Maine Engineering Limited

06503737

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT 1 WEST LINE INDUSTRIAL ESTATE, CHESTER LE STREET, DH2 1AU
Incorporated 14/02/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Paul David Bowman

director · Since 14/02/2008

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Persons with Significant Control

Mrs Kay Bowman

25–50% shares

British · England · Age 72

Unit 1, West Line Industrial Estate, Chester Le Street, DH2 1AU

Notified 01/07/2016

Mr Paul David Bowman

25–50% shares
25–50% votes

British · United Kingdom · Age 49

Unit 1, West Line Industrial Estate, Chester Le Street, DH2 1AU

Notified 01/07/2016

Mr Alexander Thomas Patton

25–50% shares
25–50% votes

British · United Kingdom · Age 38

Unit 1, West Line Industrial Estate, Chester Le Street, DH2 1AU

Notified 28/06/2023

Former PSCs

Mr Robert Bowman

Ceased 22/01/2023

Charges1 outstanding

Charge
outstanding

MITSUBISHI HC CAPITAL UK PLC

Created 07/03/2025Registered 07/03/2025
Charge
satisfied

HITACHI CAPITAL (UK) PLC

Created 06/10/2014Registered 06/10/2014Satisfied 04/03/2025
charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED AS SECURITY TRUSTEE

Created 18/03/2008Registered 04/04/2008Satisfied 24/05/2024

CompanyRankvs 14338+ SIC 71129 peers
41

Financial strength2th percentile among SIC peers · 1/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.82× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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14338Maine Engineering Limited
47
How is this score calculated?
Financial strength1/25 pts

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

Employees14/15 pts

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

Liquidity6/20 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 28/02/2025

Net Worth

-£69k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£66k

Working capital

Current Assets

£295k

Current Liabilities

£361k

Fixed Assets

£30k

Debtors

£193k

5avg. employees+1

Tax at Year End(2023)

VAT£9k

Director Loans

Company owes directors£23k

Balance Sheet

Assets less current liabilities-£36k
Signed by Mr Paul Bowman 20/05/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.82+£22k—
20240.63+£17k—
20230.52—£170k

Derived from filed accounts. Not audited figures.