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Rex Metal Recycling Ltd

13191814

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

NORWICH ACCOUNTANCY, NORWICH, NR3 1RB
Incorporated 10/02/2021

Compliance

Last accounts

28/02/2025

total exemption full

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 05/12/2025

Due 19/12/2026

On track

Industry

38320
Recovery of sorted materials

Officers

Mrs Jessica Hogbin

director · Since 10/02/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 33

Persons with Significant Control

Mrs Jessica Hogbin

75–100% shares
75–100% votes

British · United Kingdom · Age 33

Norwich Accountancy, 19 Upper King Street, Norwich, NR3 1RB

Notified 10/02/2021

Former PSCs

Mr James Hogbin

Ceased 05/12/2024

CompanyRankvs 1491+ SIC 38320 peers
25

Financial strength13th percentile among SIC peers · 3/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.35× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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1491Rex Metal Recycling Ltd
35
How is this score calculated?
Financial strength3/25 pts

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

Employees10/15 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.

Longevity5/15 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

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

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the compan

Key FinancialsYear ending 28/02/2025

Net Worth

-£4k

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

-£21k

Working capital

Current Assets

£11k

Current Liabilities

£32k

Fixed Assets

£17k

4avg. employees+2

Balance Sheet

Assets less current liabilities-£4k
Signed by Mrs J Hogbin,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.35-£9k
20240.35-£546
20230.90-£9k
20221.31—

Derived from filed accounts. Not audited figures.