Therma-Mech Developments Limited
10492050
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
30/06/2025
group
Next accounts due
31/03/2027
Confirmation statement
Last: 12/11/2025
Due 26/11/2026
Industry
Officers
director · Since 22/11/2016
DIRECTOR
BRITISH · ENGLAND · Age 39
Also on 1 other board
secretary · Since 01/07/2025
Persons with Significant Control
Rps Management Holdings Limited
Unit 27a 71 Whitchurch Lane, Bishopsworth, Bristol, BS13 7TE
Reg: 12444163 · Companies House · Limited By Shares
Notified 16/11/2021
Ascott Holdings Ltd
8, Stirtingale Avenue, Bath, BA2 2NQ
Reg: 12484239 · Companies House · Limited By Shares
Notified 16/11/2021
Former PSCs
Mr Robert Paul Smart
Ceased 16/11/2021
Mr Aaron Ascott
Ceased 16/11/2021
Charges3 outstanding
NATIONAL WESTMINSTER BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 4825+ SIC 41202 peers61
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Group to continue as a going concern. Accordingly the directors have a reasonable expectation that the Group will continue in operational existence and thus they continue to adopt the going concern basis of accounting in preparing the f
Key FinancialsYear ending 30/06/2025
Turnover
£24.3M
Annual revenue
Net Worth
£8.5M
Balance sheet strength
Cash
£2.6M
Cash in the bank
Profit Before Tax
£3.3M
Bottom line earnings
Net Current Assets
£3.4M
Working capital
Current Assets
£10.1M
Current Liabilities
£6.7M
Fixed Assets
£5.4M
Debtors
£7.0M
Cost of Sales
£17.4M
Gross Profit
£6.9M
Admin Expenses
£3.3M
Operating Profit
£3.9M
Profit After Tax
£2.3M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.50 | -£1.6M |
| 2024 | 2.08 | — |
| 2023 | 0.58 | — |
| 2022 | 0.99 | +£116k |
| 2021 | 1.41 | +£3.6M |
| 2020 | 168.73 | +£127k |
| 2019 | 3.16 | — |
| 2018 | 1.00 | — |
Derived from filed accounts. Not audited figures.