Nortech Engineering & Automation Ltd
07828712
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Martin Geoffrey Hornsby
British · England · Age 63
Units 3-4 Chancel Way, Halesowen Ind Park, Halesowen, B62 8SE
Notified 06/04/2016
CompanyRankvs 925+ SIC 28990 peers68
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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 31/10/2024
Net Worth
£40k
Balance sheet strength
Cash
£129k
Cash in the bank
Net Current Assets
£125k
Working capital
Current Assets
£162k
Current Liabilities
£37k
Fixed Assets
£28k
Debtors
£33k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 4.41 | -£844 |
| 2023 | 4.53 | — |
Derived from filed accounts. Not audited figures.