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Direct Sourcing Manufacturing Ltd

12497219

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

1ST FLOOR, RETFORD, DN22 6DF
Incorporated 04/03/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

10890
Manufacture of other food products

Officers

Mr Matthew James Armitage

director · Since 04/03/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 3 other boards

Mr Martyn Revel Fuller

director · Since 12/05/2021

DIRECTOR

BRITISH · ENGLAND · Age 58

Persons with Significant Control

Mr Matthew James Armitage

50–75% shares
50–75% votes
Appoint directors

British · United Kingdom · Age 46

C/O Direct Sourcing Ingredients Ltd, 1st Floor, Chancery Lane, Retford, DN22 6DF

Notified 04/03/2020

Mr Samuel Spencer Armitage

25–50% shares
25–50% votes

British · England · Age 39

C/O Direct Sourcing Ingredients Ltd, 1st Floor, Chancery Lane, Retford, DN22 6DF

Notified 04/03/2020

Charges1 outstanding

Charge
outstanding

SKIPTON BUSINESS FINANCE LIMITED

Created 26/01/2023Registered 31/01/2023
Charge
satisfied

RBS INVOICE FINANCE LTD

Created 15/01/2021Registered 19/01/2021Satisfied 31/01/2023

CompanyRankvs 2332+ SIC 10890 peers
31

Financial strength5th percentile among SIC peers · 1/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.58× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2332Direct Sourcing Manufacturing Ltd
37
How is this score calculated?
Financial strength1/25 pts

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

Employees13/15 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.

Longevity6/15 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

-£116k

Balance sheet strength

Cash

£31k

Cash in the bank

Net Current Assets

-£185k

Working capital

Current Assets

£255k

Current Liabilities

£440k

Fixed Assets

£120k

Debtors

£168k

8avg. employees+2

Balance Sheet

Intangible assets£35k
Assets less current liabilities-£65k
Signed by Mr Matthew Armitage 16 December 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.58+£32k
20240.58—
20230.45—
20220.37—
20210.40—

Derived from filed accounts. Not audited figures.