Technical Composite Systems Limited
10379795
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
30/04/2025
small
Next accounts due
27/01/2027
Confirmation statement
Last: 15/09/2025
Due 29/09/2026
Industry
Officers
Persons with Significant Control
Michael Robert Sloan
British · United Kingdom · Age 46
Wessex House, Teign Road, Newton Abbot, TQ12 4AA
Notified 16/09/2016
Investment Casting Systems Limited
Wessex House, Teign Road, Newton Abbot, TQ12 4AA
Reg: 06058179 · Companies House · English
Notified 16/09/2016
Charges0 outstanding
NATIONAL WESTMINSTER BANK PLC
Change History
Active
Private Limited Company
SYSTEMS HOUSE
PAIGNTON
CompanyRankvs 10355+ SIC 32990 peers34
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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
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
Those companies have faced challenges in terms of trading performance and cash flow, as described in their respective financial statements. However, the group as a whole is considered to be a going concern The directors have prepared profit and loss account and cash flow projections demonstrating the company’s ability to continue to trade profitably and with positive cash flow. Thos
Key FinancialsYear ending 30/04/2025
Net Worth
-£85k
Balance sheet strength
Cash
£56k
Cash in the bank
Net Current Assets
-£260k
Working capital
Current Assets
£274k
Current Liabilities
£534k
Fixed Assets
£184k
Debtors
£65k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.51 | -£126k |
| 2024 | 0.72 | +£129k |
| 2023 | 0.61 | +£33k |
| 2022 | 0.68 | — |
| 2021 | 0.39 | — |
Derived from filed accounts. Not audited figures.