2 Excel Engineering Limited
08965471
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/03/2025
audit exemption subsidiary
Next accounts due
31/12/2026
Confirmation statement
Last: 16/11/2025
Due 30/11/2026
Industry
Officers
director · Since 28/03/2014
DIRECTOR
BRITISH · UNITED KINGDOM · Age 60
Also on 13 other boards
director · Since 15/12/2021
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 45
Also on 1 other board
Persons with Significant Control
2 Excel Bidco Limited
72, Fielding Road, London, W4 1DB
Reg: 15506131 · Registrar Of Companies (England And Wales) · Private Limited Company
Notified 16/04/2024
Former PSCs
2 Excel Aviation Limited
Ceased 27/03/2018
Ach London Limited
Ceased 04/04/2019
Ach Chiswick Limited
Ceased 16/04/2024
Charges1 outstanding
CRESTLINE DIRECT FINANCE, L.P.
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NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 192+ SIC 30300 peers34
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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
its own services to its blue-chip customer base resiliently. The Directors do not consider there is any material uncertainty that causes any significant doubt that the Company can continue as a going concern. Visibility of its forecast sales horizon is long-term. Demand for its MRO services outstrips supply. The Company is wholly owned by a strong and rapidly growing aerospace and defence Gr
Key FinancialsYear ending 31/03/2024
Turnover
£22.4M
Annual revenue
Net Worth
-£4.1M
Balance sheet strength
Cash
£29k
Cash in the bank
Profit Before Tax
£532k
Bottom line earnings
Net Current Assets
£1.1M
Working capital
Current Assets
£6.1M
Current Liabilities
£5.0M
Fixed Assets
£1.4M
Debtors
£4.2M
Cost of Sales
£16.0M
Gross Profit
£6.5M
Admin Expenses
£5.9M
Operating Profit
£545k
Profit After Tax
£532k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.22 | +£532k |
| 2023 | 1.15 | +£523k |
| 2022 | 1.22 | -£686k |
| 2021 | 1.46 | +£66k |
| 2020 | 1.32 | -£1.4M |
| 2019 | 1.66 | — |
Derived from filed accounts. Not audited figures.