Company Overview
Power Torque Engineering Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 10 November 1926, so this is a well established company. Power Torque Engineering Limited has been in business for 99 years and 4 months. The accounts status is medium and the accounts are next due on Sunday 31 January 2027.
Registered Address

27 Herald Way, Binley Industrial Estate, Coventry, West Midlands, CV3 2RQ
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Companies House Data
Company NamePOWER TORQUE ENGINEERING LIMITED
Company Number00217422
Registered Office Address27 Herald Way
 Binley Industrial Estate
 CV3 2RQ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date10/11/1926
Accounting Reference Date Day30
Accounting Reference Date Month4
Accounts Next Due Date31/01/2027
Accounts Last Made Up Date30/04/2025
Accounts Account CategoryMEDIUM
Returns Next Due Date31/12/2016
Returns Last Made Up Date03/12/2015
Directors & Members
Show Resigned
Neil Haycock - Director
(British, 66 years old, born May 1960)
Appointed 23 February 2012
 Active
Jonathon Townley - Director
(British, 56 years old, born June 1970)
Appointed 01 February 2007
 Active
Andrew Varney - Director
(British, 65 years old, born September 1961)
Appointed 01 December 1993
 Active
Paul Varney - Director
(British, 84 years old, born November 1942)
Appointed 06 January 1997
 Active
Max Varney - Director
(British, 33 years old, born April 1993)
Appointed 19 August 2019
 Active
Henry Varney - Director
(British, 54 years old, born February 1972)
Appointed 19 August 2019
 Active
Secretaries
Show Resigned
Other Company Directorships
Neil Haycock
R.C.N. FINANCE CO. LIMITED
Jonathon Townley
MERMAID MARINE ENGINES LIMITED
MERMAID MARINE HOLDINGS LIMITED
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Andrew Varney
12 ESPLANADE WHITBY MANAGEMENT COMPANY LIMITED
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Paul Varney
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DAFFERNS SECRETARIAL LIMITED
DRESSED TO A TEE LIMITED
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MERMAID MARINE ENGINES LIMITED
MERMAID MARINE HOLDINGS LIMITED
MERMAID MARINE LIMITED
MY POWER PRODUCTS LIMITED
ON AGAIN LTD
R.C.N. FINANCE CO. LIMITED
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TEAMPRO SOLUTIONS LIMITED
WARWICK ADVERTISING LIMITED
WRAPID HOLDINGS LIMITED
WRAPID MANUFACTURING LIMITED
Max Varney
No companies found
Henry Varney
AMBER HOMELOANS LIMITED
BAILEY COMPUTER SERVICES LIMITED
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NORTH YORKSHIRE MORTGAGES LIMITED
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SKIPTON GROUP LIMITED
SKIPTON INVESTMENTS LIMITED
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SKIPTON MORTGAGE CORPORATION LIMITED
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SKIPTON PREMIER MORTGAGES LIMITED
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SKIPTON TRUSTEES LIMITED
THE OLD SAW MILL MANAGEMENT LIMITED
VARNEY CROFT LTD
Balance Sheet Unlock full report
Accounts Date 30-Apr-2025 30-Apr-2016 30-Apr-2015
Balance Sheet
Fixed Assets 889,206 889,206 938,851
Current Assets 6,669,890 6,669,890 9,583,577
Creditors Due Within One Year 1,171,886 1,171,886 2,735,122
Working Cap 5,498,004 5,498,004 6,848,455
Total Assets Less Current Liabilities 6,387,210 6,387,210 7,787,306
Long-term Liabilities 717,000 717,000 739,000
Net Assets 5,670,210 5,670,210 7,048,306
Share Capital & Reserves
Share Cap 83,333 83,333 83,333
Profit & Loss Reserves 5,570,210 5,570,210 6,948,306
Other Reserves 16,667 16,667 16,667
Shareholders Funds 5,670,210 5,670,210 7,048,306
Common Size Financial Analysis Unlock full report
Accounts Date 30-Apr-2025 30-Apr-2016 30-Apr-2015
Tangible Fixed Assets - - -
Fixed Assets 11.8% 11.8% 8.9%
Stocks Inventory 27.5% 27.5% 20.1%
Debtors 17.5% 17.5% 17.0%
Cash Bank In Hand 40.3% 40.3% 23.4%
Current Assets 88.2% 88.2% 91.1%
Creditors Due Within One Year 15.5% 15.5% 26.0%
Net Current Assets Liabilities 72.7% 72.7% 65.1%
Creditors Due After One Year 9.5% 9.5% 7.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 75.0% 75.0% 67.0%
Called Up Share Capital 1.1% 1.1% 0.8%
Share Capital Allotted Called Up Paid 1.1% 1.1% 0.8%
Profit Loss Account Reserve 73.7% 73.7% 66.0%
Shareholder Funds 75.0% 75.0% 67.0%
Capital Employed - - -
Total Assets Less Current Liabilities 84.5% 84.5% 74.0%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Apr-2025 30-Apr-2016 30-Apr-2015
Liquidity Ratio 5.7 5.7 3.5
Solvency Ratio 4.0 4.0 3.0
Reserves to Assets 0.7 0.7 0.7
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 30-Apr-2025 30-Apr-2016 30-Apr-2015
Assets 7,559,096 7,559,096 10,522,428
Debt 1,888,886 1,888,886 3,474,122
Net Assets/Debt 5,670,210 5,670,210 7,048,306

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around CV3 2RQ
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C/O GRANT THORNTON UK ADVISORY & TAX LLP, 11th Floor, Landmark St Peter's Square, 1 Oxford Street, Manchester, CV3 2RQ
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CARWOOD VAN KAPPEL LIMITED
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I.M.E.R. - REMAN LIMITED
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DIRECT AIR & PIPEWORK LIMITED
UNIT 38 HERALD WAY, BINLEY INDUSTRIAL ESTATE, COVENTRY, CV3 2RQ
RUGBY AUTOCAR COMPANY LIMITED
27 HERALD WAY,, BINLEY INDUSTRIAL ESTATE, COVENTRY, WEST MIDLANDS, CV3 2RQ
CARWOOD HOLDINGS LIMITED
HERALD WAY, BINLEY, COVENTRY, WEST MIDLANDS, CV3 2RQ
DIESEL INJECTION (UK) LIMITED
23 HERALD WAY, BINLEY, COVENTRY, CV3 2RQ
REMAN (UK) LIMITED
HERALD WAY, BINLEY INDUSTRIAL ESTATE, COVENTRY, WARWICKSHIRE, CV3 2RQ
CARWOOD LIMITED
HERALD WAY, BINLEY, COVENTRY, WEST MIDLANDS, CV3 2RQ
Document Filings
Confirmation statement made on 3 December 2025 with no updates
Director's details changed for Jonathon Townley on 27 March 2025
Director's details changed for Mr. Paul Varney on 27 March 2025
Director's details changed for Mr Andrew Varney on 27 March 2025
Satisfaction of charge 1 in full
Confirmation statement made on 3 December 2024 with updates
Purchase of own shares.
Termination of appointment of David Varney as a director on 9 September 2024
Confirmation statement made on 3 December 2023 with no updates
Confirmation statement made on 3 December 2022 with no updates
Satisfaction of charge 2 in full
Confirmation statement made on 3 December 2021 with updates
Confirmation statement made on 3 December 2020 with no updates
Confirmation statement made on 3 December 2019 with no updates
Director's details changed for Mr Max Varney on 19 August 2019
Appointment of Mr Max Varney as a director on 19 August 2019
Appointment of Mr Henry Varney as a director on 19 August 2019
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