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Cygnet Plastics Ltd

12991447

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

SWAN ROAD MOCHDRE BUSINESS PARK, COLWYN BAY, LL28 5HB
Incorporated 02/11/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing

Officers

Mr Duane Russell Jones

director · Since 02/11/2020

DIRECTOR

BRITISH · WALES · Age 59

Mr Yaguang Liu

director · Since 02/11/2020

DIRECTOR

CHINESE · WALES · Age 40

Also on 1 other board

Mrs Meng Yang

secretary · Since 01/02/2025

Persons with Significant Control

Mr Yaguang Liu

25–50% shares

Chinese · Wales · Age 40

Riverside House, Irwell Street, Manchester, M3 5EN

Notified 20/05/2021

Mr Duane Russell Jones

25–50% shares

British · Wales · Age 59

Riverside House, Irwell Street, Manchester, M3 5EN

Notified 02/09/2025

Former PSCs

Ms Kim Jones

Ceased 20/05/2021

Charges1 outstanding

Charge
satisfied

NATIONWIDE FINANCE LTD

Created 11/02/2025Registered 12/02/2025Satisfied 07/04/2026
Charge
outstanding

PARAGON BUSINESS FINANCE PLC

Created 17/01/2025Registered 20/01/2025
Charge
satisfied

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 17/04/2023Registered 18/04/2023Satisfied 21/01/2025
Charge
satisfied

CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)

Created 27/11/2020Registered 16/12/2020Satisfied 29/06/2023

CompanyRankvs 10941+ SIC 32990 peers
28

Financial strength2th percentile among SIC peers · 1/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.48× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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10941Cygnet Plastics 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.

Employees14/15 pts

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

Liquidity2/20 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 30/11/2024

Net Worth

-£255k

Balance sheet strength

Cash

£769

Cash in the bank

Net Current Assets

-£421k

Working capital

Current Assets

£393k

Current Liabilities

£814k

Fixed Assets

£181k

Debtors

£245k

19avg. employees-3

Balance Sheet

Assets less current liabilities-£240k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.48-£175k
20230.64—

Derived from filed accounts. Not audited figures.