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Tynetec Engineering Ltd

06667180

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

BENBECULA OFFICE, NEWCASTLE UPON TYNE, NE6 3QS
Incorporated 07/08/2008

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 06/05/2026

Due 20/05/2027

On track

Industry

71121
Engineering design activities for industrial process and production

Officers

Mr. Alasdair Macdonald

director · Since 05/06/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 4 other boards

Mr James Russell

director · Since 29/11/2021

DIRECTOR

NORTHERN IRISH · ENGLAND · Age 51

Also on 4 other boards

Persons with Significant Control

Benbecula Group Ltd

75–100% shares

Unit 2, Stephenson Street, Wallsend, NE28 6UE

Reg: 10441848 · England And Wales · Limited Company

Notified 05/06/2018

Former PSCs

Mr Greg Robinson

Ceased 05/06/2018

Mrs Jacqueline Robinson

Ceased 05/06/2018

Charges1 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 02/07/2020Registered 07/07/2020

CompanyRankvs 4560+ SIC 71121 peers
73

Financial strength90th percentile among SIC peers · 23/25
Employees67th percentile among SIC peers · 10/15
LiquidityCurrent ratio 7.77× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees10/15 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

£190k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£203k

Working capital

Current Assets

£233k

Current Liabilities

£30k

Debtors

£233k

2avg. employees

Tax at Year End(2020)

Corp tax£1k

Balance Sheet

Bank loans & overdrafts£30k
Assets less current liabilities£203k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20247.77+£0
20238.77+£0
20229.77-£7k
202110.43-£9k
20207.53-£90k
20204.63+£84k
20192.31+£67k
20185.08

Derived from filed accounts. Not audited figures.