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Corrosion Radar Limited

10727666

active
Private Limited Company
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

UNIT 52 548-550 ELDER HOUSE, MILTON KEYNES, MK9 1LR
Incorporated 18/04/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

74909
Other professional, scientific and technical activities

Officers

Dr Chiraz Ennaceur

director · Since 18/04/2017

CEO

BRITISH · UNITED KINGDOM · Age 49

Also on 1 other board

Dr Mehrdad Silatani

director · Since 07/07/2017

CHIEF CUSTOMER OFFICER

BRITISH · UNITED KINGDOM · Age 37

Also on 1 other board

Mercia Fund Management (Nominees) Limited

director · Since 16/11/2017

BRITISH

Also on 109 other boards

Dr Prafull Sharma

director · Since 05/02/2018

CTO

BRITISH · ENGLAND · Age 44

Mr Richard Terence Green

director · Since 05/06/2019

CHARTERED ENGINEER

BRITISH · ENGLAND · Age 68

Also on 4 other boards

Dr Shailendra Vyakarnam

director · Since 10/07/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 73

Also on 16 other boards

Dimitris Triantafyllidis

director · Since 03/11/2022

DIRECTOR

BRITISH · ENGLAND · Age 49

Dr Dominic Emery

director · Since 22/06/2023

DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 2 other boards

Persons with Significant Control

Government Of Saudi Arabi

25–50% shares
25–50% votes

Airport Road, Al Moather District, P.O. Box 570, 11111

Notified 28/03/2023

Former PSCs

Dr Chiraz Ennaceur

Ceased 16/11/2017

Dr Prafull Sharma

Ceased 16/11/2017

Government Of Saudi Arabia

Ceased 28/03/2023

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 16/07/2025Registered 18/07/2025
Charge
outstanding

HSBC UK BANK PLC

Created 20/03/2025Registered 21/03/2025

CompanyRankvs 1921+ SIC 74909 peers
74

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 6.34× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1921Corrosion Radar Limited
84
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

Outstanding charges: -10 pts

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

£5.0M

Balance sheet strength

Cash

£3.3M

Cash in the bank

Net Current Assets

£5.1M

Working capital

Current Assets

£6.0M

Current Liabilities

£946k

Fixed Assets

£24k

Debtors

£2.3M

23avg. employees+4

Balance Sheet

Assets less current liabilities£5.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20246.34+£4.3M
20233.92-£198k
20224.49—
202019.57+£2.8M
20205.10+£247k
20191.00—

Derived from filed accounts. Not audited figures.