Vessco Engineering Limited
08011752
Some Concerns
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 29/03/2012
MECHANICAL ENGINEER
BRITISH · WALES · Age 68
Also on 15 other boards
director · Since 16/06/2021
CHARTERED ENGINEER & DIRECTOR
BRITISH · ENGLAND · Age 60
director · Since 31/01/2023
MANAGEMENT ACCOUNTANT
BRITISH · ENGLAND · Age 56
Also on 1 other board
Persons with Significant Control
Lti Metaltech Limited
163, Brook Drive, Abingdon, OX14 4SD
Notified 16/06/2021
Former PSCs
Mr Julian Vance-Daniel
Ceased 16/06/2021
Mrs Maria Marguerita Teresa Vance-Daniel
Ceased 16/06/2021
Charges1 outstanding
NATIONAL WESTMINSTER BANK PLC
VICARAGE MANAGEMENT NO 1 LIMITED
GROWTH STREET PROVISION LIMITED
GROWTH STREET PROVISION LIMITED
BIBBY FINANCIAL SERVICES LIMITED (AS SECURITY TRUSTEE)
FACTOR 21 PLC
CompanyRankvs 16+ SIC 25290 peers63
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
statements are rounded to the nearest £ 1 . The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern The directors have considered 12 months from the date the financial statements are authorised for issue when evaluating the company's ability to continue as a going concern.
Key FinancialsYear ending 31/12/2024
Net Worth
£1.1M
Balance sheet strength
Cash
£186k
Cash in the bank
Net Current Assets
£3.4M
Working capital
Current Assets
£5.1M
Current Liabilities
£1.8M
Fixed Assets
£515k
Debtors
£4.9M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.88 | -£321k |
| 2023 | 2.53 | +£1.9M |
| 2022 | 3.14 | -£385k |
| 2021 | 1.63 | -£716k |
| 2021 | 1.14 | — |
Derived from filed accounts. Not audited figures.