Company Overview
Process Fabrications Ltd is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Tuesday 14 October 2008, so this is a well established company. Process Fabrications Ltd has been in business for 17 years and 5 months. The accounts status is total exemption full and the accounts are next due on Saturday 30 September 2023.
Registered Address

73-75 Aston Road North, Birmingham, B6 4DA
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Companies House Data
Company NamePROCESS FABRICATIONS LTD
Company Number06722583
Registered Office Address73-75 Aston Road North
 B6 4DA
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date14/10/2008
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2023
Accounts Last Made Up Date31/12/2021
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date11/11/2016
Returns Last Made Up Date14/10/2015
Previous Company NameChanged Date
GURSO LININGS LTD05 Sep 2011
Directors & Members
Show Resigned
Dalvinder Singh - Director
(British, 61 years old, born August 1965)
Appointed 01 December 2017
Active
Sandeep Sohl - Director
(British, 49 years old, born June 1977)
Appointed 14 October 2008
Active
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 31-Dec-2021 31-Dec-2020 31-Dec-2019
Balance Sheet
Fixed Assets 3,330 58,586 94,628
Current Assets 58,283 187,705 179,149
Creditors Due Within One Year 128,890 115,705 146,774
Working Cap -70,607 72,000 32,375
Total Assets Less Current Liabilities -67,277 130,586 127,003
Long-term Liabilities 40,268 43,687 0
Net Assets -107,545 86,899 127,003
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -107,545 86,899 127,003
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2021 31-Dec-2020 31-Dec-2019
Tangible Fixed Assets - - -
Fixed Assets 5.4% 23.8% 34.6%
Stocks Inventory - - -
Debtors 19.8% 27.8% 24.9%
Cash Bank In Hand 74.8% 25.5% 21.5%
Current Assets 94.6% 76.2% 65.4%
Creditors Due Within One Year 209.2% 47.0% 53.6%
Net Current Assets Liabilities -114.6% 29.2% 11.8%
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 -174.5% 35.3% 46.4%
Capital Employed - - -
Total Assets Less Current Liabilities -109.2% 53.0% 46.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2021 31-Dec-2020 31-Dec-2019
Liquidity Ratio 0.5 1.6 1.2
Solvency Ratio 0.4 1.5 1.9
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2021 31-Dec-2020 31-Dec-2019
Assets 61,613 246,291 273,777
Debt 169,158 159,392 146,774
Net Assets/Debt -107,545 86,899 127,003
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  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.  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
Final Gazette dissolved following liquidation
Return of final meeting in a creditors' voluntary winding up
Liquidators' statement of receipts and payments to 7 July 2024
Removal of liquidator by court order
Registered office address changed from , 21a Bore Street, Lichfield, Staffordshire, WS13 6LZ to 73-75 Aston Road North Birmingham B6 4DA on 1 November 2023
Appointment of a voluntary liquidator
Liquidators' statement of receipts and payments to 7 July 2023
Registered office address changed from , Office 2, Sbk House 2 Holland Road West, Birmingham, B6 4DW to 73-75 Aston Road North Birmingham B6 4DA on 5 December 2022
Registered office address changed from , 21a Bore Street, Lichfield, Staffordshire, WS13 6LZ to 73-75 Aston Road North Birmingham B6 4DA on 26 September 2022
Registered office address changed from , Units C D & E John Harper Street, Willenhall, West Midlands, WV13 1RE to 73-75 Aston Road North Birmingham B6 4DA on 21 July 2022
Appointment of a voluntary liquidator
Resolutions
Statement of affairs
Confirmation statement made on 14 October 2021 with updates
Confirmation statement made on 14 October 2020 with updates
Cessation of Jasvir Sohl as a person with significant control on 21 September 2020
Termination of appointment of Inderjit Matharu as a director on 21 September 2020
Notification of Dalvinder Singh as a person with significant control on 21 September 2020
Change of details for Mr Sandeep Sohl as a person with significant control on 21 September 2020
Confirmation statement made on 14 October 2019 with updates
Appointment of Mr Inderjit Matharu as a director on 21 May 2019

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