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Engine Swap Limited

10228910

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

UNIT 71 MAPLE LEAF BUSINESS PARK, RAMSGATE, CT12 5GD
Incorporated 13/06/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Reece Channing Page

director · Since 13/06/2016

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 36

Also on 1 other board

Persons with Significant Control

Mr Reece Channing Page

75–100% shares
75–100% votes

British · United Kingdom · Age 36

Unit 71, Maple Leaf Business Park, Ramsgate, CT12 5GD

Notified 13/06/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 06/08/2019Registered 12/08/2019

CompanyRankvs 1042+ SIC 71129 peers
63

Financial strength97th percentile among SIC peers · 24/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 5.44× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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1042Engine Swap Limited
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How is this score calculated?
Financial strength24/25 pts

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

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity10/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 30/06/2025

Net Worth

£1.1M

Balance sheet strength

Cash

£333k

Cash in the bank

Net Current Assets

£1.0M

Working capital

Current Assets

£1.3M

Current Liabilities

£230k

Fixed Assets

£174k

Debtors

£912k

7avg. employees

Tax at Year End

Corp tax£130k
VAT£31k

Director Loans

Company owes directors£14k
Directors owe company£124k

Balance Sheet

Intangible assets£255
Assets less current liabilities£1.2M
Signed by Mr Reece Page 31st March 2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20255.44+£0£623k
20255.44+£331k£623k
20244.91+£310k£782k
20235.71—£237k

Derived from filed accounts. Not audited figures.