Back to search

Preheat Engineering Limited

09430590

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

UNIT A2 DESERONTO TRADING ESTATE, LANGLEY, SL3 7EW
Incorporated 10/02/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

27110
Manufacture of electric motors, generators and transformers

Officers

Mr Simon Neil Gristwood

director · Since 17/02/2015

ENGINEER

BRITISH · ENGLAND · Age 50

Persons with Significant Control

Mr Simon Neil Gristwood

75–100% shares

British · England · Age 50

Unit A2, Deseronto Trading Estate, Langley, SL3 7EW

Notified 10/02/2018

Former PSCs

Mrs Jackie Collins

Ceased 31/05/2018

Mr Simon Edward Collins

Ceased 31/05/2018

Mr Simon Gristwood

Ceased 09/02/2022

Charges2 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 21/10/2021Registered 26/10/2021
Charge
satisfied

BARCLAYS SECURITY TRUSTEE LIMITED

Created 18/05/2018Registered 21/05/2018Satisfied 25/05/2021
Charge
satisfied

BARCLAYS BANK PLC

Created 13/05/2016Registered 16/05/2016Satisfied 20/01/2025
Charge
outstanding

BARCLAYS BANK PLC

Created 14/05/2015Registered 19/05/2015
Charge
satisfied

BARCLAYS BANK PLC

Created 17/03/2015Registered 26/03/2015Satisfied 25/05/2021

CompanyRankvs 118+ SIC 27110 peers
58

Financial strength71th percentile among SIC peers · 18/25
Employees83th percentile among SIC peers · 12/15
LiquidityCurrent ratio 1.43× · 12/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
How is this score calculated?
Financial strength18/25 pts

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

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity11/15 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

£182k

Balance sheet strength

Cash

£14k

Cash in the bank

Net Current Assets

£85k

Working capital

Current Assets

£285k

Current Liabilities

£199k

Fixed Assets

£563k

Debtors

£190k

10avg. employees+3

Balance Sheet

Bank loans & overdrafts£467k
Assets less current liabilities£648k
Signed by 09430590 2024-04-01 2025-03-31 09430590 2025-03-31 09430590 core:CurrentFinancialInstruments 2025-03-31 09430590 core:CuPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20251.43+£29k
20241.65-£23k
20231.98

Derived from filed accounts. Not audited figures.