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Toughbuilt Industries Uk Limited

12145664

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

2ND FLOOR, HYGEIA HOUSE, HARROW, HA1 1BE
Incorporated 08/08/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25730
Manufacture of tools
46620
Wholesale of machine tools

Officers

Joshua Mark Keeler

director · Since 08/08/2019

DIRECTOR

AMERICAN · UNITED STATES · Age 49

Michael Panosian

director · Since 08/08/2019

DIRECTOR

AMERICAN · UNITED STATES · Age 63

Persons with Significant Control

Toughbuilt Industries, Inc.

75–100% shares
75–100% votes
Appoint directors

25371, Commercentre Drive, Lake Forest, 92630

Reg: (Cik) 0001668370 · Us Securities And Exchange Commission · Corporation

Notified 08/08/2019

CompanyRankvs 591+ SIC 25730 peers
26

Financial strength0th percentile among SIC peers · 0/25
Employees16th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.29× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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591Toughbuilt Industries Uk Limited
35
How is this score calculated?
Financial strength0/25 pts

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

Employees2/15 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.

Longevity7/15 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 directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. The company is dependent on continued support from its parent company Toughbuilt Industries Inc in order to meet its obligations. At the year end , the parent company was owed $1 2 , 337 , 66

Key FinancialsYear ending 31/12/2024

Net Worth

-£11.2M

Balance sheet strength

Cash

£30k

Cash in the bank

Net Current Assets

£894k

Working capital

Current Assets

£4.0M

Current Liabilities

£3.1M

Fixed Assets

£266k

Debtors

£1.3M

0avg. employees-36

Balance Sheet

Assets less current liabilities£1.2M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20241.29
20230.40
20220.63
20210.81
20200.09

Derived from filed accounts. Not audited figures.