Company Overview
Global Locking Systems Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 05 October 1994, so this is a well established company. Global Locking Systems Limited has been in business for 31 years and 6 months. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

70 Morgan Close Ashmore Lake, Willenhall, West Midlands, WV12 4LH
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Companies House Data
Company NameGLOBAL LOCKING SYSTEMS LIMITED
Company Number02973718
Registered Office Address70 Morgan Close Ashmore Lake
 WV12 4LH
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date05/10/1994
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 Date02/11/2016
Returns Last Made Up Date05/10/2015
Directors & Members
Show Resigned
Stuart Anderson - Director
(British, 64 years old, born November 1962)
Appointed 06 October 1994
 Active
Ian Kirby - Director
(British, 63 years old, born November 1963)
Appointed 06 October 1994
 Active
Brian May - Director
(British, 89 years old, born November 1937)
Appointed 06 October 1994
 Active
David May - Director
(British, 54 years old, born September 1972)
Appointed 01 March 2020
 Active
Secretaries
Show Resigned
David May - Secretary
Appointed 01 March 2020
 Active
Other Company Directorships
Stuart Anderson
BUZZ WHOLESALE LTD
ELITE ARCHITECTURAL IRONMONGERY LIMITED
GLOBAL CONSUMABLES LIMITED
INTERIOR HARDWARE LIMITED
MAILBOXES (GB) LIMITED
POOL HOUSE PROPERTY MANAGEMENT LIMITED
Ian Kirby
THE OLD COACH HOUSE LIMITED
WIGHTWICK COURT LIMITED
Brian May
ADRIAN STOKES OVERSEAS LIMITED
COMYN CHING ARCHITECTURAL HARDWARE LTD
CONSORT ARCHITECTURAL HARDWARE LIMITED
ELITE ARCHITECTURAL IRONMONGERY LIMITED
PALEC PROPERTIES LIMITED
SUPREME DOOR FITTINGS LIMITED
David May
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 16,309 16,309 22,221
Current Assets 202,791 202,791 228,196
Creditors Due Within One Year 136,637 136,637 157,528
Working Cap 66,154 66,154 70,668
Total Assets Less Current Liabilities 82,463 82,463 92,889
Long-term Liabilities 82,443 82,443 92,869
Net Assets 20 20 20
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 20 20 20
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 7.4% 7.4% 8.9%
Stocks Inventory - - -
Debtors 43.7% 43.7% 27.4%
Cash Bank In Hand 3.0% 3.0% 1.8%
Current Assets 92.6% 92.6% 91.1%
Creditors Due Within One Year 62.4% 62.4% 62.9%
Net Current Assets Liabilities 30.2% 30.2% 28.2%
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 0.0% 0.0% 0.0%
Capital Employed - - -
Total Assets Less Current Liabilities 37.6% 37.6% 37.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 1.5 1.5 1.4
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 3
Mortgages Outstanding 3
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 219,100 219,100 250,417
Debt 219,080 219,080 250,397
Net Assets/Debt 20 20 20

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 displays a very modest amount of 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 displays a very modest amount of 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 displays a very modest amount of 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
Satisfaction of charge 3 in full
Confirmation statement made on 5 October 2025 with no updates
Confirmation statement made on 5 October 2024 with no updates
Confirmation statement made on 5 October 2023 with updates
Director's details changed for Mr Ian Philip Kirby on 29 June 2023
Confirmation statement made on 5 October 2022 with no updates
Termination of appointment of Wayne Anthony Peach as a director on 1 November 2020
Confirmation statement made on 5 October 2021 with no updates
Confirmation statement made on 5 October 2020 with updates
Appointment of Mr David Peter May as a secretary on 1 March 2020
Termination of appointment of Peter John May as a secretary on 30 November 2019
Appointment of Mr David Peter May as a director on 1 March 2020
Termination of appointment of Peter John May as a director on 30 November 2019
Confirmation statement made on 5 October 2019 with no updates
Confirmation statement made on 5 October 2018 with no updates
Confirmation statement made on 5 October 2017 with no updates
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