Company Overview
Bank Of Scotland Equipment Finance Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Thursday 20 October 1977, so this is a well established company. Bank Of Scotland Equipment Finance Limited has been in business for 48 years and 5 months. The accounts status is full and the accounts are next due on Thursday 31 December 2020.
Registered Address

1 More London Place, London, SE1 2AF
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Companies House Data
Company NameBANK OF SCOTLAND EQUIPMENT FINANCE LIMITED
Company Number01335072
Registered Office Address1 More London Place
 SE1 2AF
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date20/10/1977
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date31/12/2020
Accounts Last Made Up Date31/12/2018
Accounts Account CategoryFULL
Returns Next Due Date20/07/2017
Returns Last Made Up Date22/06/2016
Directors & Members
Show Resigned
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2012 31-Dec-2011
Balance Sheet
Fixed Assets 29,272,000 29,272,000 0
Current Assets 42,371,000 42,371,000 72,773,000
Creditors Due Within One Year 77,476,000 77,476,000 77,654,000
Working Cap -35,105,000 -35,105,000 -4,881,000
Total Assets Less Current Liabilities -5,833,000 -5,833,000 -4,881,000
Long-term Liabilities 0 0 0
Net Assets -5,833,000 -5,833,000 -4,881,000
Share Capital & Reserves
Share Cap 1,200,000 1,200,000 1,200,000
Profit & Loss Reserves -8,922,000 -8,922,000 -7,970,000
Other Reserves 1,889,000 1,889,000 1,889,000
Shareholders Funds -5,833,000 -5,833,000 -4,881,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2012 31-Dec-2011
Tangible Fixed Assets - - -
Fixed Assets 40.9% 40.9% 0.0%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 10.8% 10.8% 34.3%
Cash Bank In Hand 48.3% 48.3% 23.0%
Current Assets 59.1% 59.1% 100.0%
Creditors Due Within One Year 108.1% 108.1% 106.7%
Net Current Assets Liabilities -49.0% -49.0% -6.7%
Creditors Due After One Year 0.0% 0.0% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability -8.1% -8.1% -6.7%
Called Up Share Capital 1.7% 1.7% 1.6%
Share Capital Allotted Called Up Paid 1.7% 1.7% 1.6%
Profit Loss Account Reserve -12.5% -12.5% -11.0%
Shareholder Funds -8.1% -8.1% -6.7%
Capital Employed - - -
Total Assets Less Current Liabilities -8.1% -8.1% -6.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2012 31-Dec-2011
Liquidity Ratio 0.5 0.5 0.9
Solvency Ratio 0.9 0.9 0.9
Reserves to Assets -0.1 -0.1 -0.1
Secured Creditors Unlock full report
Mortgages Charges 92
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 92
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2012 31-Dec-2011
Assets 71,643,000 71,643,000 72,773,000
Debt 77,476,000 77,476,000 77,654,000
Net Assets/Debt -5,833,000 -5,833,000 -4,881,000

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.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

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
Liquidators' statement of receipts and payments to 28 November 2025
Appointment of a voluntary liquidator
Removal of liquidator by court order
Termination of appointment of Bertil Derrick Bos as a director on 29 January 2025
Liquidators' statement of receipts and payments to 28 November 2024
Liquidators' statement of receipts and payments to 28 November 2023
Termination of appointment of Christopher Michael Adams as a director on 4 January 2024
Liquidators' statement of receipts and payments to 28 November 2022
Termination of appointment of Richard Andrew Jones as a director on 28 October 2022
Director's details changed for Mr Christopher Michael Adams on 12 November 2021
Liquidators' statement of receipts and payments to 28 November 2021
Liquidators' statement of receipts and payments to 28 November 2020
Termination of appointment of David Dermot Hennessey as a secretary on 8 September 2020
Register(s) moved to registered inspection location Cawley House Chester Business Park Chester Cheshire CH4 9FB
Register inspection address has been changed to Cawley House Chester Business Park Chester Cheshire CH4 9FB
Registered office address changed from Charterhall House Charterhall Drive Chester Cheshire CH88 3AN to 1 More London Place London SE1 2AF on 23 December 2019
Declaration of solvency
Appointment of a voluntary liquidator
Resolutions
Secretary's details changed for Mr David Dermot Hennessey on 4 November 2019
Satisfaction of charge 2 in full
Satisfaction of charge 3 in full
Satisfaction of charge 4 in full
Satisfaction of charge 5 in full
Satisfaction of charge 6 in full
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