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Novus Mechanical Ltd

10720773

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

LIFFORD HALL LIFFORD LANE, BIRMINGHAM, B30 3JN
Incorporated 11/04/2017

Compliance

Last accounts

30/04/2025

unaudited abridged

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 11/04/2026

Due 25/04/2027

On track

Industry

71129
Other engineering activities

Officers

Mr James Henry Mcgugan

director · Since 31/01/2025

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Also on 1 other board

Persons with Significant Control

Novus Mechanical Holdings Limited

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

Lifford Hall Lifford Lane, Kings Norton, Birmingham, B30 3JN

Reg: 16044537 · England And Wales · Private Company Limited By Shares

Notified 31/01/2025

Former PSCs

Mr Stuart James Mcgugan

Ceased 31/01/2025

Charges2 outstanding

Charge
outstanding

TSB BANK PLC

Created 14/04/2022Registered 19/04/2022
Charge
outstanding

TSB BANK PLC

Created 15/11/2021Registered 22/11/2021

CompanyRankvs 1040+ SIC 71129 peers
73

Financial strength98th percentile among SIC peers · 25/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.89× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -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.

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.

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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/04/2025

Net Worth

£1.2M

Balance sheet strength

Cash

£122k

Cash in the bank

Net Current Assets

£1.1M

Working capital

Current Assets

£1.5M

Current Liabilities

£375k

Fixed Assets

£131k

Debtors

£1.3M

7avg. employees

Balance Sheet

Assets less current liabilities£1.2M
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20253.89+£119k
20246.57+£74k
20234.78+£307k
20223.56+£47k
20214.29+£139k
20202.37+£206k
20192.32

Derived from filed accounts. Not audited figures.