Friction Welding Systems Limited
06725451
Details
Compliance
Last accounts
31/10/2023
total exemption full
Accounts
Confirmation statement
Last: 04/04/2025
Due
Industry
Officers
director · Since 16/10/2008
DIRECTOR
BRITISH · ENGLAND · Age 64
Also on 10 other boards
Persons with Significant Control
Mr Martin Howard Wentworth Adams
British · England · Age 64
Silk Mill House, Huddersfield Road, Holmfirth, HD9 4AW
Notified 16/10/2016
Mr Mike Camping
British · Norway · Age 68
Silk Mill House, Huddersfield Road, Holmfirth, HD9 4AW
Notified 16/10/2016
CompanyRankvs 2011+ SIC 28990 peers36
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/10/2023
Net Worth
-£74k
Balance sheet strength
Cash
£544
Cash in the bank
Net Current Assets
-£45k
Working capital
Current Assets
£644
Current Liabilities
£45k
Debtors
£100
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.01 | -£30k |
| 2022 | 0.88 | -£16k |
| 2021 | 1.42 | -£1k |
| 2020 | 1.45 | — |
| 2019 | 0.38 | — |
| 2018 | 0.19 | — |
Derived from filed accounts. Not audited figures.