X Engineering Limited
14908047
Some Concerns
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 30/06/2023
DIRECTOR
BRITISH · ENGLAND · Age 34
Also on 2 other boards
Persons with Significant Control
Abigail Sarah Jeffreys
British · Wales · Age 31
C/O Cross Engineering (Swansea) Ltd, Garngoch Industrial Estate, Swansea, SA4 9GE
Notified 01/06/2023
Charges1 outstanding
DAVID RICHARD JEFFREYS · ROBERT MICHAEL MELLOR
CompanyRankvs 11555+ SIC 71129 peers44
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/04/2025
Net Worth
£668k
Balance sheet strength
Cash
£145k
Cash in the bank
Net Current Assets
-£538k
Working capital
Current Assets
£145k
Current Liabilities
£683k
Fixed Assets
£6.1M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.21 | +£350k |
| 2024 | 0.35 | — |
Derived from filed accounts. Not audited figures.