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Promec Engineering Ltd

06724413

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

UNIT 1 SEVERN LINK DISTRIBUTION CENTRE, CHEPSTOW, NP16 6UN
Incorporated 15/10/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

42210
Construction of utility projects for fluids
42990
Construction of other civil engineering projects
43999
Specialised construction activities

Officers

Richard Francis Johns

director · Since 01/12/2008

ENGINEER

BRITISH · ENGLAND · Age 55

Mr David Loader

director · Since 15/05/2019

COMMERCIAL DIRECTOR

BRITISH · ENGLAND · Age 64

Mr Anthony Wayne Pinder

director · Since 15/05/2019

OPERATIONS DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 1 other board

Persons with Significant Control

Mr Richard Johns

50–75% shares

British · England · Age 55

Unit 1, Severn Link Distribution Centre, Chepstow, NP16 6UN

Notified 06/04/2016

Ms Lyndsey Johns

Significant control

British · England · Age 45

Unit 1, Severn Link Distribution Centre, Chepstow, NP16 6UN

Notified 06/04/2016

Former PSCs

Mr Wayne Butcher

Ceased 28/02/2019

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 17/08/2015Registered 19/08/2015
Charge
satisfied

HSBC BANK PLC

Created 19/03/2014Registered 21/03/2014Satisfied 20/11/2015

CompanyRankvs 69+ SIC 42210 peers
70

Financial strength90th percentile among SIC peers · 23/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.2× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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69Promec Engineering Ltd
80
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.

Employees15/15 pts

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

Liquidity12/20 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 31/10/2024

Net Worth

£954k

Balance sheet strength

Cash

£1.1M

Cash in the bank

Net Current Assets

£488k

Working capital

Current Assets

£2.9M

Current Liabilities

£2.4M

Fixed Assets

£709k

Debtors

£1.8M

66avg. employees+25

Balance Sheet

Assets less current liabilities£1.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.20+£292k
20231.45+£260k
20221.29+£87k
20211.38+£218k
20201.52-£266k
20191.38+£168k
20181.12—

Derived from filed accounts. Not audited figures.