Rac Engineering Services Ltd
12680005
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 18/06/2020
DIRECTOR
IRISH · UNITED KINGDOM · Age 58
Also on 1 other board
Persons with Significant Control
Mr John Mcweeney
Irish · United Kingdom · Age 58
27 Abbey Road, London, NW10 7SJ
Notified 18/06/2020
CompanyRankvs 4699+ SIC 41201 peers61
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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.
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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going con
Key FinancialsYear ending 30/09/2024
Turnover
£16.6M
Annual revenue
Net Worth
£1.6M
Balance sheet strength
Cash
£1.5M
Cash in the bank
Profit Before Tax
£480k
Bottom line earnings
Net Current Assets
£1.6M
Working capital
Current Assets
£16.5M
Current Liabilities
£15.0M
Fixed Assets
£803
Debtors
£15.1M
Cost of Sales
£14.5M
Gross Profit
£2.1M
Admin Expenses
£1.6M
Operating Profit
£479k
Profit After Tax
£357k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.10 | +£357k |
| 2023 | 1.10 | — |
Derived from filed accounts. Not audited figures.