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Octagon Engineering Services Ltd

12244813

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

207 KNUTSFORD ROAD, WARRINGTON, WA4 2QL
Incorporated 04/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Christopher Stephen Mccormack

director · Since 02/10/2020

DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 1 other board

Persons with Significant Control

Mr Stephen Keith Mogg

25–50% shares
25–50% votes

British · England · Age 55

20-22, Wenlock Road, London, N1 7GU

Notified 04/10/2019

Mr Christopher Mccormack

25–50% shares
25–50% votes

British · England · Age 52

20-22, Wenlock Road, London, N1 7GU

Notified 28/09/2020

Charges0 outstanding

Charge
satisfied

ALDERMORE BANK PLC

Created 29/11/2023Registered 30/11/2023Satisfied 29/08/2024
Charge
satisfied

ALDERMORE BANK PLC

Created 29/11/2023Registered 30/11/2023Satisfied 29/08/2024

CompanyRankvs 8102+ SIC 71129 peers
66

Financial strength94th percentile among SIC peers · 24/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.92× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength24/25 pts

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

Employees14/15 pts

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

Liquidity6/20 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.

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

Key FinancialsYear ending 31/10/2024

Net Worth

£353k

Balance sheet strength

Cash

£152k

Cash in the bank

Net Current Assets

-£23k

Working capital

Current Assets

£278k

Current Liabilities

£301k

Fixed Assets

£440k

Debtors

£126k

5avg. employees+2

Balance Sheet

Assets less current liabilities£417k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.92+£145k
20230.93-£30k
20221.98-£45k
20214.57+£200k
20202.92

Derived from filed accounts. Not audited figures.