M Spence Surfacing Limited
09646532
Some Concerns
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Michael Spence
British · England · Age 42
Low West Thickley Farm, Brusselton Lane, Shildon, DL4 1QD
Notified 18/06/2017
Mrs Caroline Spence
British · United Kingdom · Age 42
Low West Thickley Farm, Brusselton Lane, Shildon, DL4 1QD
Notified 19/06/2020
Charges2 outstanding
BARCLAYS BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 563+ SIC 42110 peers62
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/03/2025
Net Worth
£1.9M
Balance sheet strength
Cash
£927k
Cash in the bank
Net Current Assets
£1.1M
Working capital
Current Assets
£1.9M
Current Liabilities
£829k
Fixed Assets
£1.0M
Debtors
£1.0M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.34 | +£277k |
| 2024 | 2.72 | +£215k |
| 2023 | 2.62 | +£222k |
| 2022 | 1.96 | -£225k |
| 2021 | 3.34 | +£274k |
| 2020 | 2.94 | +£71k |
| 2019 | 2.75 | +£251k |
| 2018 | 2.10 | — |
Derived from filed accounts. Not audited figures.