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Hi-Tech Finishing Limited

09043577

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

UNIT 3, WOLVERHAMPTON, WV2 2BS
Incorporated 16/05/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

96090
Other personal service activities

Officers

Mr Gurpreet Singh Mangat

director · Since 16/05/2014

DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 3 other boards

Pritam Singh

director · Since 16/05/2014

DIRECTOR

BRITISH · ENGLAND · Age 72

Persons with Significant Control

Mr Pritam Singh

25–50% shares
25–50% votes

British · England · Age 72

Unit 3, Dixon Street, Wolverhampton, WV2 2BS

Notified 01/07/2016

Mr Gurpreet Singh Manget

25–50% shares
25–50% votes

British · England · Age 56

Unit 3, Dixon Street, Wolverhampton, WV2 2BS

Notified 01/07/2016

CompanyRankvs 1696+ SIC 96090 peers
87

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.73× · 20/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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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.

Longevity12/15 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.

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

£1.1M

Balance sheet strength

Cash

£996k

Cash in the bank

Net Current Assets

£978k

Working capital

Current Assets

£1.3M

Current Liabilities

£358k

Fixed Assets

£102k

Debtors

£334k

25avg. employees+5

Tax at Year End

Corp tax£110k
VAT£83k

Director Loans

Company owes directors£20k

Balance Sheet

Assets less current liabilities£1.1M
Signed by Mr Gurpreet Mangat Mr Pritam Singh 11 April 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20243.73+£84k£1.7M
20234.17+£287k£470k
20223.57+£145k£1.2M
20213.90+£231k
20202.74+£23k
20192.07+£120k
20181.71

Derived from filed accounts. Not audited figures.