Launch Engineering Limited
12020615
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/05/2025
total exemption full
Next accounts due
28/02/2027
Confirmation statement
Last: 11/05/2026
Due 25/05/2027
Industry
Officers
director · Since 28/05/2019
ENGINEER
ENGLISH · ENGLAND · Age 46
Also on 1 other board
secretary · Since 07/03/2020
Persons with Significant Control
Mrs Hardeep Basan
British · United Kingdom · Age 44
16 Waincliffe Drive, Leeds, LS11 8ET
Notified 28/05/2019
Mr Palvinder Basan
English · England · Age 46
16 Waincliffe Drive, Leeds, LS11 8ET
Notified 28/05/2019
CompanyRankvs 8455+ SIC 71122 peers57
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/05/2024
Net Worth
£535
Balance sheet strength
Cash
£288
Cash in the bank
Net Current Assets
£213
Working capital
Current Assets
£288
Current Liabilities
£75
Fixed Assets
£322
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 3.84 |
| 2023 | 0.40 |
| 2022 | 1.09 |
| 2021 | 1.03 |
| 2020 | 1.82 |
Derived from filed accounts. Not audited figures.