Company Overview
The Factory Iii Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 02 February 2012, so this is a well established company. The Factory Iii Limited has been in business for 14 years and 2 months. The accounts status is total exemption full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

15 Balunie Drive, Dundee, DD4 8PS
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Companies House Data
Company NameTHE FACTORY III LIMITED
Company NumberSC415994
Registered Office Address15 Balunie Drive
 DD4 8PS
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date02/02/2012
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/03/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date28/04/2017
Returns Last Made Up Date31/03/2016
Directors & Members
Show Resigned
Norman Brown - Director
(British, 70 years old, born July 1956)
Appointed 18 January 2023
 Active
Duncan Chisholm - Director
(British, 64 years old, born August 1962)
Appointed 24 February 2022
 Active
Norman Forrest - Director
(British, 78 years old, born July 1948)
Appointed 15 December 2020
 Active
Derek Marshall - Director
(British, 65 years old, born February 1961)
Appointed 21 February 2012
 Active
Mark Selvey - Director
(British, 43 years old, born November 1983)
Appointed 21 February 2012
 Active
Secretaries
Show Resigned
Derek Marshall - Secretary
Appointed 21 February 2012
 Active
Other Company Directorships
Norman Brown
CAPSTONE PROJECTS
UNITING FOR UNIFORMS CIC
Duncan Chisholm
CAPSTONE PROJECTS
THE FACTORY II LIMITED
THE FACTORY SKATEPARK
THE FACTORY VI LIMITED
Norman Forrest
THE FACTORY VI LIMITED
Derek Marshall
CAPSTONE PROJECTS
CHRISTIAN SKATERS UK
COFFEE EXCHANGE KIRRIEMUIR LTD.
COFFEE EXCHANGE LTD.
DUNDEE SOCIAL ENTERPRISE NETWORK
SOCIAL ENTERPRISE NETWORK SCOTLAND
SOCIAL INVESTMENT SCOTLAND
THE FACTORY II LIMITED
THE FACTORY IV LIMITED
THE FACTORY LIMITED
THE FACTORY SKATEPARK
THE FACTORY V LIMITED
THE FACTORY VI LIMITED
VOLUNTARY ACTION SCOTLAND
WIDEOPENSPACE LIMITED
Mark Selvey
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2022
Balance Sheet
Fixed Assets 88,700 88,700 104,356
Current Assets 107,256 107,256 122,075
Creditors Due Within One Year 118,982 118,982 111,215
Working Cap -11,726 -11,726 10,860
Total Assets Less Current Liabilities 76,974 76,974 115,216
Long-term Liabilities 16,193 16,193 17,575
Net Assets 60,781 60,781 97,641
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 60,781 60,781 97,641
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2022
Tangible Fixed Assets - - -
Fixed Assets 45.3% 45.3% 46.1%
Stocks Inventory - - -
Debtors 8.1% 8.1% 15.6%
Cash Bank In Hand 44.9% 44.9% 36.8%
Current Assets 54.7% 54.7% 53.9%
Creditors Due Within One Year 60.7% 60.7% 49.1%
Net Current Assets Liabilities -6.0% -6.0% 4.8%
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 31.0% 31.0% 43.1%
Capital Employed - - -
Total Assets Less Current Liabilities 39.3% 39.3% 50.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2022
Liquidity Ratio 0.9 0.9 1.1
Solvency Ratio 1.5 1.5 1.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2022
Assets 195,956 195,956 226,431
Debt 135,175 135,175 128,790
Net Assets/Debt 60,781 60,781 97,641

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.

As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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 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.As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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 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.As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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
Other Business around DD4 8PS
COFFEE EXCHANGE LTD.
15 Balunie Drive, Dundee, DD4 8PS
THE FACTORY V LIMITED
15 Balunie Drive, Dundee, DD4 8PS
THE FACTORY LIMITED
15 Balunie Drive, Dundee, DD4 8PS
THE FACTORY SKATEPARK
15 Balunie Drive, Dundee, DD4 8PS
DUNDEE SOCIAL ENTERPRISE NETWORK
C/O FACTORY SKATEPARK, 15 Balunie Drive, Dundee, DD4 8PS
COFFEE EXCHANGE KIRRIEMUIR LTD.
The Factory Skate Park, 15 Balunie Drive, Dundee, DD4 8PS
THE FACTORY VI LIMITED
The Factory Skatepark, 15 Balunie Drive, Dundee, DD4 8PS
THE FACTORY IV LIMITED
Factory Skatepark, 15 Balunie Drive, Dundee, DD4 8PS
THE FACTORY II LIMITED
15 Balunie Drive, Dundee, DD4 8PS
CAPSTONE PROJECTS
15 Balunie Drive, Dundee, DD4 8PS
Document Filings
Final Gazette dissolved via voluntary strike-off
Voluntary strike-off action has been suspended
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Confirmation statement made on 31 March 2025 with updates
Confirmation statement made on 31 March 2024 with no updates
Confirmation statement made on 31 March 2023 with no updates
Appointment of Mr Norman Kinnear Brown as a director on 18 January 2023
Termination of appointment of Alexander Sutherland Macaulay as a director on 31 December 2022
Confirmation statement made on 31 March 2022 with no updates
Appointment of Mr Duncan Chisholm as a director on 24 February 2022
Confirmation statement made on 31 March 2021 with no updates
Appointment of Mr Norman Paton Forrest as a director on 15 December 2020
Notification of The Factory Skatepark Limited as a person with significant control on 31 March 2020
Withdrawal of a person with significant control statement on 15 December 2020
Notification of a person with significant control statement
Confirmation statement made on 31 March 2020 with no updates
Cessation of The Factory Skatepark as a person with significant control on 31 March 2019
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