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Feritech Global Ltd

09746904

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

FERITECH INNOVATION CENTRE MENERDUE LANE, REDRUTH, TR16 6PD
Incorporated 25/08/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Daniel Prelevic

director · Since 05/05/2023

BUSINESS AREA MANAGER

SWEDISH · SWEDEN · Age 49

Mr Mark Anthony Smith

director · Since 01/03/2025

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 1 other board

Persons with Significant Control

Addtech Ab

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

Box 5112, Se- 102 43, Stockholm

Reg: 556302-9726 · Sweden · Public Company

Notified 05/05/2023

Former PSCs

Mr Robert Alec Russell Ferris

Ceased 05/05/2023

Gemma Elizabeth Ferris

Ceased 05/05/2023

Director Gemma Elizabeth Ferris

Ceased 05/05/2023

Addtech Nordic Ab

Ceased 05/05/2023

Addtech Ab (Publ)

Ceased 05/05/2023

Charges0 outstanding

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CompanyRankvs 16309+ SIC 71129 peers
33

Financial strength1th percentile among SIC peers · 0/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.26× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength0/25 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.

Liquidity2/20 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

Going concern doubt: -10 pts

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

Going Concern Doubt

that may cast significant doubt on the ability of the Company to realise its assets and discharge its liabilities in the normal course of business and, therefore, continue to operate as a going concern. The Directors' assumptions and outlook assume continued support to finance business operations will be available from the parent company. The financial statements do not reflect the adju

Key FinancialsYear ending 31/03/2025

Net Worth

-£233k

Balance sheet strength

Cash

£353k

Cash in the bank

Net Current Assets

-£4.5M

Working capital

Current Assets

£1.6M

Current Liabilities

£6.1M

Fixed Assets

£4.4M

Debtors

£894k

Profit After Tax

-£529k

26avg. employees+2

Tax at Year End

Dividends paid-£800k

Balance Sheet

Intangible assets£62k
Assets less current liabilities-£92k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20250.26-£1.6M
20240.38

Derived from filed accounts. Not audited figures.