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Fung Tai Engineering Company Ltd Limited

14884726

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

SUITE 8B, FIRST FLOOR AW HOUSE, LUTON, LU1 2SJ
Incorporated 22/05/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Kingsley Chukwu

director · Since 01/11/2023

LECTURER

NIGERIAN · UNITED KINGDOM · Age 43

Also on 4 other boards

Persons with Significant Control

Mr Isaac Okechukwu Chukwu

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

Nigerien · England · Age 78

Suite 8b, First Floor, Aw House, Luton, LU1 2SJ

Notified 22/05/2023

CompanyRankvs 25984+ SIC 71129 peers
22

Financial strength0th percentile among SIC peers · 0/25
Employees10th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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25984Fung Tai Engineering Company Ltd Limited
22
How is this score calculated?
Financial strength0/25 pts

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

Employees2/15 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.

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 31/10/2024

Net Worth

-£2.0M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£15.9M

Working capital

Current Assets

£1

Current Liabilities

£15.9M

Fixed Assets

£13.9M

0avg. employees

Balance Sheet

Assets less current liabilities-£2.0M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent Ratio
20240.00

Derived from filed accounts. Not audited figures.