Company Overview
Omega Tools Limited is a Dissolved Private Limited Company.
Registered Address

Bede House, 3 Belmont Business Park, Durham, DH1 1TW
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Companies House Data
Company NameOMEGA TOOLS LIMITED
Company Number05943849
Registered Office AddressBede House
 3 Belmont Business Park
 DH1 1TW
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date22/09/2006
Accounting Reference Date Day27
Accounting Reference Date Month2
Accounts Next Due Date27/11/2018
Accounts Last Made Up Date28/02/2017
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date20/10/2016
Returns Last Made Up Date22/09/2015
Previous Company NameChanged Date
SELECT EQUIPMENT LTD30 Sep 2015
EXPRESS EQUIPMENT LTD08 Sep 2010
Directors & Members
Show Resigned
Kevin Meacham - Director
(British, 57 years old, born March 1969)
Appointed 27 September 2006
Active
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 28-Feb-2017 28-Feb-2016 28-Feb-2015
Balance Sheet
Fixed Assets 42,122 17,962 12,153
Current Assets 605,757 522,872 262,160
Creditors Due Within One Year 946,446 916,330 821,689
Working Cap -340,689 -393,458 -559,529
Total Assets Less Current Liabilities -298,567 -375,496 -547,376
Long-term Liabilities 18,433 0 0
Net Assets -317,000 -375,496 -547,376
Share Capital & Reserves
Share Cap 1,000 1,000 1,000
Profit & Loss Reserves -318,000 -376,496 -548,376
Other Reserves 0 0 0
Shareholders Funds -317,000 -375,496 -547,376
Common Size Financial Analysis Unlock full report
Accounts Date 28-Feb-2017 28-Feb-2016 28-Feb-2015
Tangible Fixed Assets - - -
Fixed Assets 6.5% 3.3% 4.4%
Stocks Inventory 23.4% 11.5% 12.5%
Debtors 43.4% 69.4% 49.1%
Cash Bank In Hand 7.7% 6.3% 0.0%
Current Assets 93.5% 96.7% 95.6%
Creditors Due Within One Year 146.1% 169.4% 299.5%
Net Current Assets Liabilities -52.6% -72.8% -204.0%
Creditors Due After One Year 2.8% 0.0% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability -48.9% -69.4% -199.5%
Called Up Share Capital 0.2% 0.2% 0.4%
Share Capital Allotted Called Up Paid 0.2% 0.2% 0.4%
Profit Loss Account Reserve -49.1% -69.6% -199.9%
Shareholder Funds -48.9% -69.4% -199.5%
Capital Employed - - -
Total Assets Less Current Liabilities -46.1% -69.4% -199.5%
Financial Ratio Analysis Unlock full report
Accounts Date 28-Feb-2017 28-Feb-2016 28-Feb-2015
Liquidity Ratio 0.6 0.6 0.3
Solvency Ratio 0.7 0.6 0.3
Reserves to Assets -0.5 -0.7 -2.0
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 28-Feb-2017 28-Feb-2016 28-Feb-2015
Assets 647,879 540,834 274,313
Debt 964,879 916,330 821,689
Net Assets/Debt -317,000 -375,496 -547,376
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
Final Gazette dissolved following liquidation
Return of final meeting in a creditors' voluntary winding up
Registered office address changed from Rowlands House Portobello Road Birtley Chester Le Street DH3 2RY to Bede House 3 Belmont Business Park Durham DH1 1TW on 9 October 2019
Registered office address changed from Unit 6 Parkside Business Park Parkside Road Kendal Cumbria LA9 7EN England to Rowlands House Portobello Road Birtley Chester Le Street DH3 2RY on 7 February 2019
Appointment of a voluntary liquidator
Statement of affairs
Resolutions
First Gazette notice for compulsory strike-off
Confirmation statement made on 22 September 2018 with no updates
Registered office address changed from Unit 2 Mintsfeet Road Kendal Cumbria LA9 6DE England to Unit 6 Parkside Business Park Parkside Road Kendal Cumbria LA9 7EN on 21 August 2018
Confirmation statement made on 22 September 2017 with no updates
Registered office address changed from Mintsfeet Road Mintsfeet Industrial Estate Kendal Cumbria LA9 6LU to Unit 2 Mintsfeet Road Kendal Cumbria LA9 6DE on 17 July 2017
Confirmation statement made on 22 September 2016 with updates
Previous accounting period shortened from 28 February 2016 to 27 February 2016
Certificate of change of name
Annual return made up to 22 September 2015 with full list of shareholders
Termination of appointment of Select Group Plc as a director on 1 September 2015
Annual return made up to 22 September 2014 with full list of shareholders
Auditor's resignation
Auditor's resignation

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