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Vertex Engineering Solutions Limited

09650246

active
Private Limited Company
england wales
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

SYSTON LANE, GRANTHAM, NG32 2LY
Incorporated 22/06/2015

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 22/06/2025

Due 06/07/2026

On track

Industry

25620
Machining

Officers

Mr Brian Barr

director · Since 25/06/2015

DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Mr Michael James Idwal Hague-Morgan

director · Since 25/06/2015

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Also on 8 other boards

Mr John Neil Seaton

director · Since 07/08/2018

ACCOUNTANT

BRITISH · ENGLAND · Age 58

Also on 6 other boards

Mr Simon Derek Warburton

director · Since 07/08/2018

QUALITY & ENGINEERING

BRITISH · ENGLAND · Age 58

Also on 5 other boards

Dr Sara Jane Ridley

director · Since 15/06/2022

ENGINEER

BRITISH · ENGLAND · Age 58

Persons with Significant Control

Autocraft Solutions Group Limited

75–100% shares
75–100% votes
Appoint directors

Autocraft Drivetrain Solutions, Main Road, Belton, NG32 2LY

Reg: 11518532 · Companies House · Private Limited Company

Notified 30/11/2022

Former PSCs

Harmor Ltd

Ceased 30/11/2022

Charges2 outstanding

Charge
outstanding

HSBC INVOICE FINANCE (UK) LIMITED

Created 20/03/2024Registered 21/03/2024
Charge
outstanding

HSBC UK BANK PLC

Created 20/03/2024Registered 21/03/2024
Charge
satisfied

LEUMI ABL LIMITED

Created 13/10/2021Registered 22/10/2021Satisfied 28/01/2025

CompanyRankvs 18350+ SIC 25620 peers
37

Financial strength12th percentile among SIC peers · 3/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.85× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength3/25 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.

Liquidity6/20 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 31/12/2021

Net Worth

£1

Balance sheet strength

Cash

£16k

Cash in the bank

Net Current Assets

-£366k

Working capital

Current Assets

£2.1M

Current Liabilities

£2.5M

Fixed Assets

£105k

Debtors

£2.1M

12avg. employees-3

Balance Sheet

Assets less current liabilities-£262k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20210.85
20200.79

Derived from filed accounts. Not audited figures.