Thermatic Limited
07110338
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 25/08/2020
DIRECTOR
BRITISH · ENGLAND · Age 50
Also on 11 other boards
Persons with Significant Control
Mr Roger Joseph Wratten
British · England · Age 83
Unit 3 Sovereign Enterprise Park, King William Street, Salford, M50 3UP
Notified 22/12/2016
Mrs Catherine Wratten
British · England · Age 78
Unit 3 Sovereign Enterprise Park, King William Street, Salford, M50 3UP
Notified 22/12/2016
Charges0 outstanding
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 3796+ SIC 70100 peers57
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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
Key FinancialsYear ending 31/12/2024
Net Worth
£1.6M
Balance sheet strength
Cash
£733k
Cash in the bank
Net Current Assets
-£2.2M
Working capital
Current Assets
£1.5M
Current Liabilities
£3.7M
Fixed Assets
£2.2M
Debtors
£792k
Cost of Sales
£19.1M
Admin Expenses
£7.7M
Profit After Tax
£4k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.41 | +£4k |
| 2023 | 0.27 | +£2.2M |
| 2022 | 1.10 | -£306k |
| 2021 | 1.20 | -£243k |
| 2020 | 2.42 | -£128k |
Derived from filed accounts. Not audited figures.