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Wasp Industrial Power Units Limited

12167631

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

ASTON HOUSE, LONDON, N3 1LF
Incorporated 21/08/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46140
Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Officers

Mr Ian Cleary

director · Since 21/08/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Also on 9 other boards

Mr Henry Marcus O'Lone

director · Since 19/06/2025

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 4 other boards

Mr Frederick John Wingfield-Digby

director · Since 19/06/2025

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 3 other boards

Persons with Significant Control

Industrial Power Units Group Holdings Limited

75–100% shares
75–100% votes

2, Cygnus Way, West Bromwich, B70 0XB

Reg: 12166485 · England And Wales Registry · Private Company Limited By Shares

Notified 26/11/2019

Former PSCs

Industrial Power Units Property Holdings Limited

Ceased 26/11/2019

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 24/12/2025Registered 29/12/2025
Charge
satisfied

BARCLAYS BANK PLC

Created 10/01/2020Registered 13/01/2020Satisfied 08/04/2025
Charge
satisfied

BARCLAYS BANK PLC

Created 01/11/2019Registered 08/11/2019Satisfied 08/04/2025

CompanyRankvs 404+ SIC 46140 peers
70

Financial strength92th percentile among SIC peers · 23/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.39× · 20/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees15/15 pts

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

Liquidity20/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£1.1M

Balance sheet strength

Cash

£148k

Cash in the bank

Net Current Assets

£956k

Working capital

Current Assets

£1.4M

Current Liabilities

£399k

Fixed Assets

£135k

Debtors

£737k

40avg. employees-13

Balance Sheet

Assets less current liabilities£1.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.39-£87k
20231.97-£472k
20221.62+£574k
20211.52-£228k
20201.98

Derived from filed accounts. Not audited figures.