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Tyneside Lasers Ltd

11759994

active
Private Limited Company
england wales
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

246 PARK VIEW, WHITLEY BAY, NE26 3QX
Incorporated 10/01/2019

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 09/01/2026

Due 23/01/2027

On track

Industry

25110
Manufacture of metal structures and parts of structures
25990
Manufacture of other fabricated metal products
71129
Other engineering activities

Officers

Mr Simon Edward Smithson

director · Since 10/01/2019

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 38

Also on 4 other boards

Persons with Significant Control

Mr Simon Edward Smithson

50–75% votes

British · United Kingdom · Age 38

75 Marine Avenue, Whitley Bay, NE26 1NB

Notified 10/01/2019

Michael Anthony Potts

75–100% shares

British · England · Age 73

246, Park View, Whitley Bay, NE26 3QX

Notified 31/01/2021

Former PSCs

Mr Lee Heslop

Ceased 17/06/2021

Charges2 outstanding

Charge
outstanding

SKIPTON BUSINESS FINANCE LIMITED

Created 30/11/2022Registered 30/11/2022
Charge
outstanding

RED HOUSE INVESTMENTS LTD

Created 24/12/2021Registered 04/01/2022
Charge
satisfied

NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY

Created 20/12/2019Registered 23/12/2019Satisfied 30/11/2022

CompanyRankvs 1374+ SIC 25110 peers
56

Financial strength78th percentile among SIC peers · 20/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 1.06× · 12/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength20/25 pts

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

Employees11/15 pts

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

Liquidity12/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

£383k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

£55k

Working capital

Current Assets

£1.0M

Current Liabilities

£973k

Fixed Assets

£428k

Debtors

£755k

Profit After Tax

£129k

8avg. employees+2

Tax at Year End

Dividends paid£110k

Balance Sheet

Assets less current liabilities£483k
Prepared with Sage Accounts Production 25.0 - FRS102_2025

EstimatesDerived

YearCurrent RatioImplied Profit
20251.06+£19k
20241.22+£19k
20231.13—

Derived from filed accounts. Not audited figures.