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Wye Cylinder Engineering Limited

06800188

active
Private Limited Company
england wales
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

403 NETHERWOOD ROAD, HEREFORD, HR2 6JU
Incorporated 23/01/2009

Compliance

Last accounts

31/01/2025

total exemption full

Next accounts due

31/10/2026

On track

Confirmation statement

Last: 30/04/2025

Due 14/05/2026

Overdue

Industry

25620
Machining
28120
Manufacture of fluid power equipment

Officers

Mrs Elizabeth Jane Bayliss

secretary · Since 23/01/2009

BRITISH

Also on 1 other board

Mr John Kenneth Bayliss

director · Since 23/01/2009

ENGINEER

BRITISH · ENGLAND · Age 75

Also on 1 other board

Mr Richard John Williams

director · Since 26/02/2020

COMPANY DIRECTOR

ENGLISH · UNITED KINGDOM · Age 48

Also on 1 other board

Persons with Significant Control

Mr John Kenneth Bayliss

25–50% shares
25–50% votes

British · England · Age 75

Instone Farm, Tenbury Road, Bromyard, HR7 4LW

Notified 23/01/2017

Mr Richard John Williams

25–50% shares
25–50% votes

English · United Kingdom · Age 48

403, Netherwood Road, Hereford, HR2 6JU

Notified 19/06/2024

Charges2 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 28/05/2020Registered 05/06/2020
charge
outstanding

ULTIMATE FINANCE LIMITED

Created 07/04/2009Registered 24/04/2009
charge
satisfied

JOHN KENNETH BAYLISS

Created 18/03/2009Registered 20/03/2009Satisfied 09/04/2024

CompanyRankvs 102+ SIC 25620 peers
77

Financial strength93th percentile among SIC peers · 23/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.71× · 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.

Employees14/15 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 31/01/2025

Net Worth

£2.6M

Balance sheet strength

Cash

£913k

Cash in the bank

Net Current Assets

£1.9M

Working capital

Current Assets

£3.0M

Current Liabilities

£1.1M

Fixed Assets

£1.4M

Debtors

£1.2M

Profit After Tax

-£98k

44avg. employees-5

Tax at Year End

Corp tax£8k
Dividends paid£30k

Balance Sheet

Bank loans & overdrafts£65k
Assets less current liabilities£3.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20252.71-£128k
20242.63-£223k
20233.02-£424k
20223.15+£573k
20212.97+£477k
20202.93+£217k
20192.59

Derived from filed accounts. Not audited figures.