Therma-Mech Ltd
08558628
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
30/06/2025
full
Next accounts due
31/03/2027
Confirmation statement
Last: 17/03/2026
Due 31/03/2027
Industry
Officers
director · Since 06/06/2013
PIPEFITTER
BRITISH · UNITED KINGDOM · Age 39
Also on 1 other board
secretary · Since 01/07/2025
Persons with Significant Control
Therma-Mech Developments Limited
Unit 1, 221 Central Park, Bristol, BS14 9BZ
Notified 22/02/2018
Former PSCs
Mr Paul Lewis
Ceased 03/05/2022
Charges2 outstanding
BARCLAYS BANK PLC
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 2180+ SIC 43220 peers64
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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
these financial statements, have no resaon to believe that a material uncertainty exists that may cast doubt about the ability of the Company to continue as a going concern. Accordingly the directors have a reasonable expectation that the company will continue in operational existence and thus they continue to adopt the going concern basis of accounting in preparing the
Key FinancialsYear ending 30/06/2025
Turnover
£24.3M
Annual revenue
Net Worth
£4.5M
Balance sheet strength
Cash
£2.6M
Cash in the bank
Profit Before Tax
£4.5M
Bottom line earnings
Net Current Assets
£4.2M
Working capital
Current Assets
£10.0M
Current Liabilities
£5.9M
Fixed Assets
£564k
Debtors
£7.0M
Cost of Sales
£17.4M
Gross Profit
£6.9M
Admin Expenses
£2.6M
Operating Profit
£4.5M
Profit After Tax
£3.4M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.71 | +£1.7M |
| 2024 | 1.53 | -£3.2M |
| 2023 | 3.23 | +£1.6M |
| 2022 | 2.09 | +£1.9M |
| 2021 | 2.62 | +£301k |
| 2020 | 3.05 | +£793k |
| 2019 | 2.30 | +£475k |
| 2018 | 2.05 | — |
Derived from filed accounts. Not audited figures.