Vac Magnetics Uk Limited
13017633
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 12/11/2025
Due 26/11/2026
Industry
Officers
secretary · Since 13/11/2020
CompanyRankvs 367+ SIC 24100 peers29
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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
to the nearest £. These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. 1.2 Going concern The financial statements have been prepared on a going concern basis because there are no material uncertainties related to events or conditions that may cast significant doubt about the
Key FinancialsYear ending 31/12/2024
Net Worth
£1
Balance sheet strength
Cash
£213k
Cash in the bank
Net Current Assets
£109k
Working capital
Current Assets
£1.9M
Current Liabilities
£1.8M
Debtors
£118k
Profit After Tax
£16k
Tax at Year End
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 1.06 |
| 2023 | 1.06 |
Derived from filed accounts. Not audited figures.