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Acutech Precision Engineering Limited

10539200

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

UNIT 5B, ATTLEBOROUGH, NR17 1YE
Incorporated 23/12/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

29320
Manufacture of other parts and accessories for motor vehicles

Officers

Mr Glen Anthony Wells

director · Since 29/08/2018

DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 1 other board

Persons with Significant Control

Wellside Holdings Ltd

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

Unit 5b, Haverscroft Industrial Estate, Attleborough, NR17 1YE

Reg: 14468828 · England And Wales · Private Limited Company

Notified 31/12/2022

Former PSCs

Mrs Sandra Jean Taverner

Ceased 31/12/2022

Mr Paul Nicholas Taverner

Ceased 31/12/2022

Mr Glen Anthony Wells

Ceased 31/12/2022

CompanyRankvs 197+ SIC 29320 peers
80

Financial strength86th percentile among SIC peers · 22/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 3.98× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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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.

Employees13/15 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.

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

£236k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£228k

Working capital

Current Assets

£302k

Current Liabilities

£76k

Fixed Assets

£13k

6avg. employees+1

Balance Sheet

Assets less current liabilities£241k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20243.98+£79k
20232.81

Derived from filed accounts. Not audited figures.