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Fine-Align Engineering Ltd

11741104

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

THE WORKSHOP 9 HIGH STREET, NEWARK, NG23 7LA
Incorporated 24/12/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Thomas Cole Mcgill

director · Since 24/12/2018

ENGINEER

BRITISH · ENGLAND · Age 38

Also on 1 other board

Persons with Significant Control

Mr Thomas Cole Mcgill

50–75% shares
50–75% votes
Appoint directors

British · England · Age 38

The Workshop, 9 High Street, Newark, NG23 7LA

Notified 24/12/2018

CompanyRankvs 2026+ SIC 71129 peers
69

Financial strength92th percentile among SIC peers · 23/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 9.36× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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2026Fine-Align Engineering Ltd
78
How is this score calculated?
Financial strength23/25 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.

Longevity8/15 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

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s

Key FinancialsYear ending 31/03/2026

Net Worth

£250k

Balance sheet strength

Cash

£45k

Cash in the bank

Net Current Assets

£178k

Working capital

Current Assets

£199k

Current Liabilities

£21k

Fixed Assets

£72k

Debtors

£140k

4avg. employees-220

Balance Sheet

Assets less current liabilities£250k
Signed by Mr T McGILL,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20269.36-£3k
20255.10+£94k
20242.65+£69k
20232.21—

Derived from filed accounts. Not audited figures.