Asset Engineering Ltd
07010594
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 07/09/2009
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 75
Also on 10 other boards
Persons with Significant Control
Mr Piara Singh Rana
British · United Kingdom · Age 75
No 4 Castle Court 2, Castlegate Way, Dudley, DY1 4RH
Notified 27/02/2021
Former PSCs
Mr Piara Singh Rana
Ceased 26/02/2021
Mr Robert David Read
Ceased 26/02/2021
Charges0 outstanding
BIBBY FINANCIAL SERVICES LIMITED
CompanyRankvs 2506+ SIC 25110 peers44
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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 30/09/2024
Net Worth
-£541k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£908k
Working capital
Current Assets
£279k
Current Liabilities
£1.2M
Fixed Assets
£623k
Debtors
£250k
Tax at Year End(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.24 | -£107k |
| 2023 | 0.08 | -£355k |
| 2022 | 0.38 | -£187k |
| 2021 | 1.08 | +£73k |
| 2020 | 0.49 | -£28k |
| 2019 | 0.44 | -£45k |
| 2018 | 0.39 | — |
Derived from filed accounts. Not audited figures.