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Mcgowan Engineering Developments Limited

11752329

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

SOUTHLANDS FARM, HEXHAM, NE48 4EA
Incorporated 07/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

29320
Manufacture of other parts and accessories for motor vehicles
71129
Other engineering activities

Officers

Mr Charles Gresley Mcgowan

director · Since 07/01/2019

ENGINEER

BRITISH · UNITED KINGDOM · Age 64

Also on 1 other board

Mr Hector Mcgowan

director · Since 07/01/2019

ENGINEER

BRITISH · UNITED KINGDOM · Age 35

Persons with Significant Control

Mr Hector Mcgowan

25–50% shares
25–50% votes

British · United Kingdom · Age 35

Southlands Farm, Gunnerton, Hexham, NE48 4EA

Notified 07/01/2019

Mr Charles Gresley Mcgowan

25–50% shares
25–50% votes

British · United Kingdom · Age 64

Southlands Farm, Gunnerton, Hexham, NE48 4EA

Notified 07/01/2019

CompanyRankvs 1366+ SIC 29320 peers
37

Financial strength8th percentile among SIC peers · 2/25
Employees38th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.51× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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1366Mcgowan Engineering Developments Limited
32
How is this score calculated?
Financial strength2/25 pts

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

Employees6/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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.

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

Key FinancialsYear ending 31/01/2025

Net Worth

-£25k

Balance sheet strength

Cash

£6k

Cash in the bank

Net Current Assets

-£41k

Working capital

Current Assets

£42k

Current Liabilities

£84k

Fixed Assets

£18k

Debtors

£4k

1avg. employees

Tax at Year End

VAT£8k

Director Loans

Company owes directors£73k

Balance Sheet

Assets less current liabilities-£24k
Signed by Mr Hector McGowan 15/05/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.51+£11k£170k
20240.37-£4k£18k
20230.42——

Derived from filed accounts. Not audited figures.