Company Overview
Rigisystems Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 09 January 2001, so this is a well established company. Rigisystems Ltd has been in business for 25 years and 3 months. The accounts status is medium and the accounts are next due on Saturday 28 February 2015.
Registered Address

Grant Thornton Uk Llp 4 Hardman Square, Spinningfields, Manchester, M3 3EB
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Companies House Data
Company NameRIGISYSTEMS LTD
Company Number04137351
Registered Office AddressGrant Thornton Uk Llp 4 Hardman Square
 Spinningfields
 M3 3EB
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date09/01/2001
Accounting Reference Date Day30
Accounting Reference Date Month4
Accounts Next Due Date28/02/2015
Accounts Last Made Up Date30/04/2013
Accounts Account CategoryMEDIUM
Returns Next Due Date06/02/2015
Returns Last Made Up Date09/01/2014
Previous Company NameChanged Date
RIGIDAL SYSTEMS LIMITED20 Feb 2009
Directors & Members
Show Resigned
Simon Neale - Director
(British, 61 years old, born March 1965)
Appointed 01 June 2010
Active
Grahame Rankin - Director
(British, 68 years old, born December 1958)
Appointed 01 April 2004
Active
Peter Taylor - Director
(British, 75 years old, born July 1951)
Appointed 21 February 2001
Active
Mark Walder - Director
(British, 71 years old, born February 1955)
Appointed 01 June 2010
Active
John Williams - Director
(British, 77 years old, born November 1949)
Appointed 14 January 2005
Active
Secretaries
Show Resigned
Simon Neale - Secretary
Appointed 01 August 2012
Active
Balance Sheet Unlock full report
Accounts Date 30-Apr-2013 30-Apr-2012 30-Apr-2011
Balance Sheet
Fixed Assets 6,172,583 6,248,712 6,334,823
Current Assets 8,448,425 8,271,041 10,123,573
Creditors Due Within One Year 7,425,187 7,256,174 9,683,203
Working Cap 1,023,238 1,014,867 440,370
Total Assets Less Current Liabilities 7,195,821 7,263,579 6,775,193
Long-term Liabilities 78,916 97,141 77,781
Net Assets 7,116,905 7,166,438 6,697,412
Share Capital & Reserves
Share Cap 648,148 648,148 678,248
Profit & Loss Reserves 5,466,905 5,516,438 5,047,412
Other Reserves 1,001,852 1,001,852 971,752
Shareholders Funds 7,116,905 7,166,438 6,697,412
Common Size Financial Analysis Unlock full report
Accounts Date 30-Apr-2013 30-Apr-2012 30-Apr-2011
Tangible Fixed Assets - - -
Fixed Assets 42.2% 43.0% 38.5%
Stocks Inventory 23.1% 25.9% 22.0%
Debtors 28.0% 26.4% 32.3%
Cash Bank In Hand 2.2% 0.0% 2.1%
Current Assets 57.8% 57.0% 61.5%
Creditors Due Within One Year 50.8% 50.0% 58.8%
Net Current Assets Liabilities 7.0% 7.0% 2.7%
Creditors Due After One Year 0.5% 0.7% 0.5%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 48.7% 49.4% 40.7%
Called Up Share Capital 4.4% 4.5% 4.1%
Share Capital Allotted Called Up Paid 4.4% 4.5% 4.1%
Profit Loss Account Reserve 37.4% 38.0% 30.7%
Shareholder Funds 48.7% 49.4% 40.7%
Capital Employed - - -
Total Assets Less Current Liabilities 49.2% 50.0% 41.2%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Apr-2013 30-Apr-2012 30-Apr-2011
Liquidity Ratio 1.1 1.1 1.0
Solvency Ratio 1.9 2.0 1.7
Reserves to Assets 0.4 0.4 0.3
Secured Creditors Unlock full report
Mortgages Charges 7
Mortgages Outstanding 4
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 30-Apr-2013 30-Apr-2012 30-Apr-2011
Assets 14,621,008 14,519,753 16,458,396
Debt 7,504,103 7,353,315 9,760,984
Net Assets/Debt 7,116,905 7,166,438 6,697,412
The current section of the balance sheet has positive working capital. We would normally consider 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 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.

Unlock full report  The current section of the balance sheet has positive working capital. We would normally consider 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 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.   The current section of the balance sheet has positive working capital. We would normally consider 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 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.

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
Restoration by order of the court
Final Gazette dissolved following liquidation
Notice of move from Administration to Dissolution on 23 March 2017
Administrator's progress report to 1 September 2016
Administrator's progress report to 1 March 2016
Notice of extension of period of Administration
Administrator's progress report to 1 October 2015
Notice of deemed approval of proposals
Statement of administrator's proposal
Statement of affairs with form 2.14B
Registered office address changed from Unit 62 Blackpole Trading Estate West Worcester WR3 8ZJ to Grant Thornton Uk Llp 4 Hardman Square Spinningfields Manchester M3 3EB on 22 April 2015
Appointment of an administrator
Registration of charge 041373510007, created on 25 March 2015
Annual return made up to 9 January 2014 with full list of shareholders
Statement of capital on 18 September 2013
Resolutions
Resolutions
Satisfaction of charge 3 in full
Satisfaction of charge 1 in full
Satisfaction of charge 2 in full
Registration of charge 041373510005
Registration of charge 041373510006
Registration of charge 041373510004

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