Company Overview
Nitec Ltd is a Dissolved Private Limited Company.
Registered Address

C/O Begbies Traynor 29Th Floor 40, Bank Street, London, E14 5NR
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Companies House Data
Company NameNITEC LTD
Company Number06141055
Registered Office AddressC/O Begbies Traynor 29th Floor 40
 Bank Street
 E14 5NR
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date06/03/2007
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 Date03/04/2017
Returns Last Made Up Date06/03/2016
Directors & Members
Show Resigned
Andrew Williams - Director
(British, 66 years old, born February 1960)
Appointed 06 March 2007
Active
Secretaries
Show Resigned
Andrew Williams - Secretary
Appointed 01 February 2013
Active
Balance Sheet Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2013 31-Dec-2012
Balance Sheet
Fixed Assets 1,185,716 1,185,716 1,215,028
Current Assets 2,959,279 2,959,279 3,157,035
Creditors Due Within One Year 2,256,625 2,256,625 2,633,546
Working Cap 702,654 702,654 523,489
Total Assets Less Current Liabilities 1,888,370 1,888,370 1,738,517
Long-term Liabilities 92,554 92,554 229,957
Net Assets 1,795,816 1,795,816 1,508,560
Share Capital & Reserves
Share Cap 198,000 198,000 220,000
Profit & Loss Reserves 1,613,436 1,613,436 1,288,560
Other Reserves -15,620 -15,620 0
Shareholders Funds 1,795,816 1,795,816 1,508,560
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2013 31-Dec-2012
Tangible Fixed Assets - - -
Fixed Assets 28.6% 28.6% 27.8%
Stocks Inventory 34.9% 34.9% 26.4%
Debtors 19.5% 19.5% 24.3%
Cash Bank In Hand 2.9% 2.9% 6.3%
Current Assets 71.4% 71.4% 72.2%
Creditors Due Within One Year 54.4% 54.4% 60.2%
Net Current Assets Liabilities 17.0% 17.0% 12.0%
Creditors Due After One Year 2.2% 2.2% 5.3%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 43.3% 43.3% 34.5%
Called Up Share Capital 4.8% 4.8% 5.0%
Share Capital Allotted Called Up Paid 4.8% 4.8% 5.0%
Profit Loss Account Reserve 38.9% 38.9% 29.5%
Shareholder Funds 43.3% 43.3% 34.5%
Capital Employed - - -
Total Assets Less Current Liabilities 45.6% 45.6% 39.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2013 31-Dec-2012
Liquidity Ratio 1.3 1.3 1.2
Solvency Ratio 1.8 1.8 1.5
Reserves to Assets 0.4 0.4 0.3
Secured Creditors Unlock full report
Mortgages Charges 8
Mortgages Outstanding 6
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2013 31-Dec-2012
Assets 4,144,995 4,144,995 4,372,063
Debt 2,349,179 2,349,179 2,863,503
Net Assets/Debt 1,795,816 1,795,816 1,508,560
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 25 Sims Lane Quedgeley Gloucester GL2 3NJ England to C/O Begbies Traynor 29th Floor 40 Bank Street London E14 5NR on 11 January 2022
Statement of affairs
Appointment of a voluntary liquidator
Resolutions
Confirmation statement made on 6 March 2021 with no updates
Registered office address changed from 1 C/O Revolve Technologies Ltd Prospect Way Hutton Brentwood Essex CM13 1XA to 25 Sims Lane Quedgeley Gloucester GL2 3NJ on 20 October 2020
Confirmation statement made on 6 March 2020 with no updates
Registration of charge 061410550007, created on 24 December 2019
Registration of charge 061410550008, created on 24 December 2019
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 6 March 2019 with no updates
Termination of appointment of John David Mitchell as a director on 1 November 2018
Registration of charge 061410550006, created on 12 October 2018
Confirmation statement made on 6 March 2018 with no updates
Registration of charge 061410550005, created on 23 February 2018
Registration of charge 061410550004, created on 23 February 2018
Amended group of companies' accounts made up to 31 December 2016
Confirmation statement made on 6 March 2017 with updates

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