Aip Welding Supplies Limited
09791680
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Kim Barrie Hunt
British · England · Age 35
39a, Axe Road, Bridgwater, TA6 5LN
Notified 28/03/2022
Former PSCs
Mr Dean Jason Clarke
Ceased 28/03/2022
Charges1 outstanding
FLEX ABL LIMITED
FLEX ABL LIMITED
CompanyRankvs 6972+ SIC 47789 peers32
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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 31/10/2024
Net Worth
-£91k
Balance sheet strength
Cash
£27k
Cash in the bank
Net Current Assets
-£160k
Working capital
Current Assets
£338k
Current Liabilities
£498k
Fixed Assets
£69k
Debtors
£164k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.68 | -£93k |
| 2023 | 0.90 | -£33k |
| 2022 | 1.66 | — |
| 2021 | 1.12 | — |
Derived from filed accounts. Not audited figures.