Company Overview
Pilamec Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 14 May 1976, so this is a well established company. Pilamec Limited has been in business for 49 years and 10 months. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

16-19 Lydney Industrial Estate Harbour Road, Lydney, GL15 4EJ
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Companies House Data
Company NamePILAMEC LIMITED
Company Number01258472
Registered Office Address16-19 Lydney Industrial Estate Harbour Road
 GL15 4EJ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date14/05/1976
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date04/07/2017
Returns Last Made Up Date06/06/2016
Directors & Members
Show Resigned
Robert Absalom - Director
(British, 62 years old, born November 1964)
Appointed 26 May 2023
 Active
Simon Ayling - Director
(British, 56 years old, born August 1970)
Appointed 15 August 2023
 Active
Stephen Mason - Director
(British, 73 years old, born July 1953)
Appointed 26 May 2023
 Active
Secretaries
Show Resigned
Simon Ayling - Secretary
Appointed 15 August 2023
 Active
Other Company Directorships
Robert Absalom
No companies found
Simon Ayling
AT INNS LIMITED
GROUP AYLING LIMITED
Stephen Mason
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 58,607 58,607 63,316
Current Assets 295,528 295,528 309,425
Creditors Due Within One Year 114,363 114,363 165,346
Working Cap 181,165 181,165 144,079
Total Assets Less Current Liabilities 239,772 239,772 207,395
Long-term Liabilities 229,431 229,431 197,054
Net Assets 10,341 10,341 10,341
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 10,341 10,341 10,341
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 16.5% 16.5% 17.0%
Stocks Inventory - - -
Debtors 54.8% 54.8% 29.5%
Cash Bank In Hand 18.9% 18.9% 14.2%
Current Assets 83.5% 83.5% 83.0%
Creditors Due Within One Year 32.3% 32.3% 44.4%
Net Current Assets Liabilities 51.2% 51.2% 38.7%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 2.9% 2.9% 2.8%
Capital Employed - - -
Total Assets Less Current Liabilities 67.7% 67.7% 55.6%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 2.6 2.6 1.9
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 354,135 354,135 372,741
Debt 343,794 343,794 362,400
Net Assets/Debt 10,341 10,341 10,341

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. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over 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. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over 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. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over 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
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Document Filings
Director's details changed for Mr Simon Ayling on 1 December 2025
Change of details for Mr Simon Ayling as a person with significant control on 1 December 2025
Change of details for Mr Stephen George Mason as a person with significant control on 1 December 2025
Change of details for Mr Robert David Absalom as a person with significant control on 1 December 2025
Registered office address changed from 16-19 Lydney Industrial Estate Harbour Road Lydney GL15 4EJ England to Unit 141 Lydney Industrial Estate Harbour Road Lydney Gloucestershire GL15 4EJ on 2 December 2025
Director's details changed for Mr Stephen George Mason on 1 December 2025
Director's details changed for Mr Robert David Absalom on 1 December 2025
Secretary's details changed for Mr Simon Ayling on 1 December 2025
Confirmation statement made on 6 June 2025 with updates
Satisfaction of charge 012584720001 in full
Change of details for Mr Stephen George Mason as a person with significant control on 16 December 2024
Change of details for Mr Robert David Absalom as a person with significant control on 16 December 2024
Confirmation statement made on 6 June 2024 with updates
Notification of Simon Ayling as a person with significant control on 15 August 2023
Appointment of Mr Simon Ayling as a director on 15 August 2023
Appointment of Mr Simon Ayling as a secretary on 15 August 2023
Confirmation statement made on 6 June 2023 with updates
Notification of Stephen George Mason as a person with significant control on 26 May 2023
Notification of Robert David Absalom as a person with significant control on 26 May 2023
Cessation of Bunting Magnetics Europe Limited as a person with significant control on 26 May 2023
Termination of appointment of Yvonne Patricia Mills as a director on 26 May 2023
Termination of appointment of Robert John Bunting as a director on 26 May 2023
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