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Tyneside Lasers Ltd

11759994

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

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

Compliance

Accounts

Up to date

Confirmation statement

Up to date

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 1431+ SIC 25110 peers
55

Financial strength77th percentile among SIC peers · 19/25
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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64
How is this score calculated?
Financial strength19/25 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.