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Vapormatic U.K. Limited

10698462

active
Private Limited Company
england wales
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)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

VAPORMATIC KESTREL WAY, EXETER, EX2 7LA
Incorporated 30/03/2017

Compliance

Last accounts

31/10/2024

full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 29/03/2025

Due 12/04/2026

Overdue

Industry

46610
Wholesale of agricultural machinery, equipment and supplies

Officers

Stephens Scown Secretarial Limited

corporate secretary · Since 25/01/2022

John Gerald Hynes

director · Since 01/03/2025

Irish

Rebecca Robertson

director · Since 11/01/2022

American

Former

Adam Ali Malik

secretary · Resigned 21/01/2022

Zoe Ann Ashby

director · Resigned 06/03/2025

Peter Anthony Brennan

director · Resigned 31/12/2018

Taksheung Judy Hahm

director · Resigned 11/01/2022

Tommy E Morgan

director · Resigned 15/01/2018

Mark Christopher Roberts

director · Resigned 15/01/2018

CompanyRankvs 105+ SIC 46610 peers
74

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.13× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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.

Longevity9/15 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

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

Going Concern Doubt

that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company ’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors intend either to liquidate the Company or to cease opera

Key FinancialsYear ending 31/10/2024

Turnover

£37.9M

Annual revenue

Net Worth

£16.6M

Balance sheet strength

Cash

£1.0M

Cash in the bank

Profit Before Tax

-£1.3M

Bottom line earnings

Net Current Assets

£15.1M

Working capital

Current Assets

£28.4M

Current Liabilities

£13.3M

Fixed Assets

£1.7M

Debtors

£12.0M

Cost of Sales

£29.5M

Gross Profit

£8.4M

Admin Expenses

£9.2M

Operating Profit

-£836k

Profit After Tax

-£988k

103avg. employees

People Costs

Wages & salaries£4.4M
NI contributions£451k

Balance Sheet

Assets less current liabilities£16.7M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20242.13

Derived from filed accounts. Not audited figures.