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Tungsten Engineering Ltd

09802644

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 3 PLOT 20A, HAWKES DRIVE, WARWICK, CV34 6LX
Incorporated 30/09/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Joseph Anthony Williams

director · Since 30/09/2015

DIRECTOR

BRITISH · ENGLAND · Age 35

Persons with Significant Control

Mr Joseph Anthony Williams

75–100% shares
75–100% votes
right-to-appoint-and-remove-directors-as-trust
significant-influence-or-control-as-trust

British · England · Age 35

Unit 3 Plot 20a,, Hawkes Drive, Warwick, CV34 6LX

Notified 30/04/2016

CompanyRankvs 5178+ SIC 25990 peers
44

Financial strength5th percentile among SIC peers · 1/25
Employees76th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.61× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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5178Tungsten Engineering Ltd
39
How is this score calculated?
Financial strength1/25 pts

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

Employees11/15 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.

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

Key FinancialsYear ending 29/09/2024

Net Worth

-£29k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£77k

Working capital

Current Assets

£120k

Current Liabilities

£197k

Fixed Assets

£54k

Debtors

£95k

9avg. employees+3

Balance Sheet

Assets less current liabilities-£23k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.61+£14k
20230.58—

Derived from filed accounts. Not audited figures.