Promec Engineering Ltd
06724413
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/10/2024
total exemption full
Next accounts due
31/07/2026
Confirmation statement
Last: 18/02/2026
Due 04/03/2027
Industry
Officers
director · Since 15/05/2019
OPERATIONS DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 1 other board
Former
director · Resigned 28/02/2019
director · Resigned 26/09/2025
Persons with Significant Control
Mr Richard Johns
British · England · Age 55
Unit 1, Severn Link Distribution Centre, Chepstow, NP16 6UN
Notified 06/04/2016
Ms Lyndsey Johns
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
NATIONAL WESTMINSTER BANK PLC
Change History
Active
Private Limited Company
UNIT 1 SEVERN LINK DISTRIBUTION CENTRE
CHEPSTOW
CompanyRankvs 221+ SIC 42210 peers50
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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 directors with respect to going concern are d
Key FinancialsYear ending 31/10/2025
Net Worth
£162k
Balance sheet strength
Cash
£419k
Cash in the bank
Profit Before Tax
-£474k
Bottom line earnings
Net Current Assets
-£273k
Working capital
Current Assets
£2.6M
Current Liabilities
£2.9M
Fixed Assets
£496k
Debtors
£2.2M
Cost of Sales
£11.1M
Admin Expenses
£3.1M
Profit After Tax
-£313k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.90 | -£792k |
| 2024 | 1.20 | +£292k |
| 2023 | 1.45 | — |
Derived from filed accounts. Not audited figures.