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Metalcraft Precision Engineering Limited

10362352

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

PROGRESS WORKS, BRADFORD, BD4 7DN
Incorporated 07/09/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining

Officers

Mr Daniel Mark Varley

director · Since 07/09/2016

DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 6 other boards

Mr Nathan James Varley

director · Since 07/09/2016

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 4 other boards

Mr Robert Ian Oldroyd

director · Since 01/05/2025

ENGINEER

BRITISH · UNITED KINGDOM · Age 37

Persons with Significant Control

Varley Group (Bradford) Ltd

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

Unit 1, Bowling Park Close, Bradford, BD4 7HG

Reg: 10311198 · Companies House · Ltd

Notified 23/04/2020

Former PSCs

Mr Daniel Mark Varley

Ceased 23/04/2020

Mr Nathan James Varley

Ceased 23/04/2020

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 22/11/2022Registered 29/11/2022

CompanyRankvs 337+ SIC 25620 peers
71

Financial strength86th percentile among SIC peers · 22/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.78× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength22/25 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£1.2M

Balance sheet strength

Cash

£92k

Cash in the bank

Net Current Assets

£981k

Working capital

Current Assets

£1.5M

Current Liabilities

£552k

Fixed Assets

£319k

Debtors

£1.4M

26avg. employees+4

Tax at Year End

Corp tax£57k
VAT£64k

Director Loans

Company owes directors£2k

Balance Sheet

Assets less current liabilities£1.3M
Signed by Mr D M Varley 24/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20242.78+£20k£1.3M
20233.16+£225k£707k
20221.99+£298k£815k
20211.85+£286k£910k
20201.61+£103k£488k
20191.06+£237k£742k
20180.51

Derived from filed accounts. Not audited figures.