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Cabinet Systems Limited

15024962

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

UNIT 1 PEARL ASSURANCE HOUSE, TAVISTOCK, PL19 0BG
Incorporated 24/07/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28990
Manufacture of other special-purpose machinery

Officers

Mr John Andrew Varley

director · Since 24/07/2023

DESIGN ENGINEER

BRITISH · ENGLAND · Age 69

Persons with Significant Control

Mr John Andrew Varley

75–100% shares
75–100% votes

British · England · Age 69

Midlands House, Mary Tavy, Tavistock, PL19 9MG

Notified 24/07/2023

CompanyRankvs 2101+ SIC 28990 peers
38

Financial strength36th percentile among SIC peers · 9/25
Employees32th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.93× · 6/20
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 strength9/25 pts

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

Employees5/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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 31/05/2025

Net Worth

£1k

Balance sheet strength

Cash

£126k

Cash in the bank

Net Current Assets

-£20k

Working capital

Current Assets

£286k

Current Liabilities

£306k

Fixed Assets

£59k

Debtors

£115k

1avg. employees+1

Tax at Year End

Corp tax£11

Director Loans

Company owes directors£153k

Balance Sheet

Intangible assets£59k
Assets less current liabilities£39k
Signed by Mr John Varley 12th December 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.93
20241.06

Derived from filed accounts. Not audited figures.