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Eurocraft Technologies Limited

08249178

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

CINDERBANK, DUDLEY, DY2 9AE
Incorporated 11/10/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Parag Jyotindra Mehta

director · Since 22/05/2015

PRESIDENT AND CEO

AMERICAN · UNITED STATES · Age 58

Also on 11 other boards

Persons with Significant Control

Kelta Limited

75–100% shares
75–100% votes
Appoint directors

28, Billing Road, Northampton, NN1 5AJ

Reg: 09231573 · Companies House · Private Company Limited By Shares

Notified 17/07/2024

Former PSCs

Tii Technologies Limited

Ceased 17/07/2024

Charges0 outstanding

Charge
satisfied

BLACK COUNTRY REINVESTMENT SOCIETY LTD

Created 01/08/2013Registered 08/08/2013Satisfied 09/04/2018
Charge
satisfied

CLOSE BROTHERS LIMITED (THE SECURITY TRUSTEE)

Created 26/06/2013Registered 01/07/2013Satisfied 18/12/2015

CompanyRankvs 750+ SIC 25990 peers
79

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.29× · 20/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 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.

Longevity14/15 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

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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 director with respect to going con

Key FinancialsYear ending 31/12/2024

Turnover

£27.5M

Annual revenue

Net Worth

£5.0M

Balance sheet strength

Cash

£575k

Cash in the bank

Profit Before Tax

£2.7M

Bottom line earnings

Net Current Assets

£4.5M

Working capital

Current Assets

£8.0M

Current Liabilities

£3.5M

Fixed Assets

£797k

Debtors

£4.3M

Cost of Sales

£23.1M

Gross Profit

£4.4M

Admin Expenses

£1.7M

Operating Profit

£2.7M

Profit After Tax

£2.8M

126avg. employees-3

Tax at Year End

VAT£360k
Dividends paid£4.7M

People Costs

Wages & salaries£4.9M
NI contributions£376k

Balance Sheet

Assets less current liabilities£5.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20242.29-£1.9M£7.2M
20233.52-£251k
20222.58+£1.8M£12.6M
20212.85+£951k£6.3M
20202.41+£617k
20192.13+£631k
20181.94

Derived from filed accounts. Not audited figures.