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Forefront Engineering Ltd

14598815

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

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

Details

UNIT 7 FOUNDRY PLACE, TOWCESTER, NN12 6FP
Incorporated 17/01/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71121
Engineering design activities for industrial process and production
71122
Engineering related scientific and technical consulting activities

Officers

Mr David Payne

director · Since 17/01/2023

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 1 other board

Mrs Bridget Josephine Payne

director · Since 01/07/2023

COMMERCIAL DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 5 other boards

Miss Hannah Mae Payne

director · Since 01/07/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 27

Also on 4 other boards

Mr Jack James Payne

director · Since 01/07/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 31

Also on 2 other boards

Mr Sam Oliver Payne

director · Since 01/07/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 29

Also on 3 other boards

Persons with Significant Control

Mr David Payne

75–100% shares
75–100% votes
Appoint directors

British · England · Age 57

Unit 7 Foundry Place, Old Tiffield Road, Towcester, NN12 6FP

Notified 17/01/2023

CompanyRankvs 5107+ SIC 71121 peers
49

Financial strength2th percentile among SIC peers · 1/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.8× · 16/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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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.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity3/15 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.

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

-£151k

Balance sheet strength

Cash

£14k

Cash in the bank

Net Current Assets

£6k

Working capital

Current Assets

£13k

Current Liabilities

£7k

Fixed Assets

£3k

Debtors

-£866

5avg. employees

Balance Sheet

Assets less current liabilities£9k
Signed by 14598815 2023-12-01 2024-11-30 14598815 2024-11-30 14598815 bus:OrdinaryShareClass1 2024-11-30 14598815 core:CurrentFinaPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20241.80-£19k
202317.47

Derived from filed accounts. Not audited figures.