Company Overview
Changeover Technologies Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 02 March 2009, so this is a well established company. Changeover Technologies Limited has been in business for 15 years and 2 months. The accounts status is small and the accounts are next due on Friday 28 February 2025.
Registered Address

Unit 18, Ormeau Business Park, Cromac Avenue, Belfast, Antrim, BT7 2JA
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Companies House Data
Company NameCHANGEOVER TECHNOLOGIES LIMITED
Company NumberNI071902
Registered Office AddressUNIT 18, ORMEAU BUSINESS PARK
 CROMAC AVENUE
 BT7 2JA
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date02/03/2009
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date28/02/2025
Accounts Last Made Up Date31/05/2023
Accounts Account CategorySMALL
Returns Next Due Date29/03/2017
Returns Last Made Up Date01/03/2016
Previous Company NameChanged Date
SILFORM TECHNOLOGIES LIMITED28 Oct 2019
Directors & Members
Show Resigned
Kenneth Flockhart - Director
(British, 72 years old, born May 1952)
Executive Director - Appointed 01 February 2019
 Active
Paul Lavery - Director
(Irish, 50 years old, born July 1974)
Non Executive Financial Director - Appointed 01 January 2022
 Active
John Martin - Director
(British, 56 years old, born January 1968)
Non Executive Director - Appointed 25 September 2012
 Active
Mervyn McCall - Director
(British, 74 years old, born June 1950)
Executive Chairperson - Appointed 01 August 2015
 Active
Richard Needham - Director
(British, 82 years old, born January 1942)
Non Executive Director - Appointed 01 January 2022
 Active
Secretaries
Show Resigned
Robert Campbell - Secretary
Appointed 01 July 2019
 Active
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Kenneth Flockhart
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Balance Sheet Unlock full report
Accounts Date 31-May-2023 31-May-2015 31-May-2014
Balance Sheet
Fixed Assets 613,734 613,734 500,000
Current Assets 203,286 203,286 1,065,904
Creditors Due Within One Year 95,703 95,703 81,026
Working Cap 107,583 107,583 984,878
Total Assets Less Current Liabilities 721,317 721,317 1,484,878
Long-term Liabilities 0 0 0
Net Assets 721,317 721,317 1,484,878
Share Capital & Reserves
Share Cap 3,570 3,570 903
Profit & Loss Reserves -2,600,703 -2,600,703 -1,643,831
Other Reserves 3,318,450 3,318,450 3,127,806
Shareholders Funds 721,317 721,317 1,484,878
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2023 31-May-2015 31-May-2014
Tangible Fixed Assets 75.1% 75.1% 31.9%
Fixed Assets 75.1% 75.1% 31.9%
Stocks Inventory - - -
Debtors 1.2% 1.2% 3.3%
Cash Bank In Hand 23.7% 23.7% 64.8%
Current Assets 24.9% 24.9% 68.1%
Creditors Due Within One Year 11.7% 11.7% 5.2%
Net Current Assets Liabilities 13.2% 13.2% 62.9%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 88.3% 88.3% 94.8%
Called Up Share Capital 0.4% 0.4% 0.1%
Share Capital Allotted Called Up Paid 0.3% 0.3% 0.0%
Profit Loss Account Reserve -318.3% -318.3% -105.0%
Shareholder Funds 88.3% 88.3% 94.8%
Capital Employed - - -
Total Assets Less Current Liabilities 88.3% 88.3% 94.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2023 31-May-2015 31-May-2014
Liquidity Ratio 2.1 2.1 13.2
Solvency Ratio 8.5 8.5 19.3
Reserves to Assets -3.2 -3.2 -1.0
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-May-2023 31-May-2015 31-May-2014
Assets 817,020 817,020 1,565,904
Debt 95,703 95,703 81,026
Net Assets/Debt 721,317 721,317 1,484,878

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. 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.

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. 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 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. 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.

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
Director's details changed for Mr Mervyn David Aexander Mccall on 30 April 2024
Confirmation statement made on 1 March 2024 with no updates
Secretary's details changed for Mr Robert James Campbell on 27 February 2024
Director's details changed for Mr Mervyn David Aexander Mccall on 27 February 2024
Director's details changed for Mr John Campbell Martin on 27 February 2024
Director's details changed for Sir Richard Francis Needham on 27 February 2024
Director's details changed for Mr Kenneth Bristoe Flockhart on 27 February 2024
Registered office address changed from Unit 18, Ormeau Business Park Cromac Avenue Belfast Antrim BT7 2JA Northern Ireland to C/O Dwf Llp 42 Queen Street Belfast BT1 6HL on 27 February 2024
Registered office address changed from Forsyth House Cromac Street Belfast BT2 8LA Northern Ireland to Unit 18, Ormeau Business Park Cromac Avenue Belfast Antrim BT7 2JA on 8 November 2023
Confirmation statement made on 1 March 2023 with updates
Resolutions
Memorandum and Articles of Association
Statement of capital following an allotment of shares on 6 September 2022
Confirmation statement made on 1 March 2022 with updates
Statement of capital following an allotment of shares on 11 February 2022
Statement of capital following an allotment of shares on 20 October 2021
Statement of capital following an allotment of shares on 10 August 2021
Appointment of Sir Richard Francis Needham as a director on 1 January 2022
Appointment of Mr Paul Lavery as a director on 1 January 2022
Termination of appointment of Alan Lilley as a director on 31 December 2021
Resolutions
Confirmation statement made on 1 March 2021 with updates
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