Company Overview
1St Class Diamond Cut Alloys Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 15 August 2017, so this is a well established company. 1St Class Diamond Cut Alloys Ltd has been in business for 8 years and 8 months. The accounts status is total exemption full and the accounts are next due on Thursday 31 August 2023.
Registered Address

Unit 2 12 Bairds Crescent, Allanshaw Industrial Estate, Hamilton, ML3 9FD
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Companies House Data
Company Name1ST CLASS DIAMOND CUT ALLOYS LTD
Company NumberSC573752
Registered Office AddressUnit 2 12 Bairds Crescent
 Allanshaw Industrial Estate
 ML3 9FD
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date15/08/2017
Accounting Reference Date Day30
Accounting Reference Date Month11
Accounts Next Due Date31/08/2023
Accounts Last Made Up Date30/11/2021
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date12/09/2018
Previous Company NameChanged Date
F1 DIAMOND CUT WHEELS LIMITED19 Oct 2020
Directors & Members
Show Resigned
Scott Nicol - Director
(United Kingdom, 34 years old, born August 1992)
Appointed 15 August 2017
 Active
Scott Nicol - Director
(United Kingdom, 59 years old, born January 1967)
Appointed 15 August 2017
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Scott Nicol
No companies found
Scott Nicol
No companies found
Balance Sheet Unlock full report
Accounts Date 30-Nov-2021 30-Nov-2020 30-Nov-2019
Balance Sheet
Fixed Assets 7,201 18,938 28,327
Current Assets 93,273 91,727 65,937
Creditors Due Within One Year 75,460 84,553 66,611
Working Cap 17,813 7,174 -674
Total Assets Less Current Liabilities 25,014 26,112 27,653
Long-term Liabilities 10,869 3,599 5,248
Net Assets 14,145 22,513 22,405
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 14,145 22,513 22,405
Common Size Financial Analysis Unlock full report
Accounts Date 30-Nov-2021 30-Nov-2020 30-Nov-2019
Tangible Fixed Assets - - -
Fixed Assets 7.2% 17.1% 30.1%
Stocks Inventory - - -
Debtors 30.3% 10.5% 13.5%
Cash Bank In Hand 54.6% 65.2% 47.6%
Current Assets 92.8% 82.9% 69.9%
Creditors Due Within One Year 75.1% 76.4% 70.7%
Net Current Assets Liabilities 17.7% 6.5% -0.7%
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 14.1% 20.3% 23.8%
Capital Employed - - -
Total Assets Less Current Liabilities 24.9% 23.6% 29.3%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Nov-2021 30-Nov-2020 30-Nov-2019
Liquidity Ratio 1.2 1.1 1.0
Solvency Ratio 1.2 1.3 1.3
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 30-Nov-2021 30-Nov-2020 30-Nov-2019
Assets 100,474 110,665 94,264
Debt 86,329 88,152 71,859
Net Assets/Debt 14,145 22,513 22,405
The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered. 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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered. 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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered. 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
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Document Filings
Registered office address changed from 4D Auchingramont Road Hamilton ML3 6JT Scotland to Unit 2 12 Bairds Crescent Allanshaw Industrial Estate Hamilton ML3 9FD on 8 January 2024
Voluntary strike-off action has been suspended
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Cessation of William Gary Nicol as a person with significant control on 15 February 2023
Termination of appointment of William Gary Nicol as a director on 15 February 2023
Confirmation statement made on 14 August 2022 with no updates
Current accounting period extended from 31 August 2021 to 30 November 2021
Confirmation statement made on 14 August 2021 with no updates
Certificate of change of name
Confirmation statement made on 14 August 2020 with no updates
Registered office address changed from Unit 2 12 Bairds Crescent Allanshaw Industrial Estate Hamilton ML3 9FD Scotland to 4D Auchingramont Road Hamilton ML3 6JT on 12 March 2020
Confirmation statement made on 14 August 2019 with no updates
Confirmation statement made on 14 August 2018 with no updates
Director's details changed for Mr Scott Nicol Jnr on 6 September 2017
Change of details for Mr Scott Michael Nicol as a person with significant control on 6 September 2017
Change of details for Mr Scott Nicol Jnr as a person with significant control on 6 September 2017
Change of details for Mr Gary Nicol as a person with significant control on 6 September 2017
Director's details changed for Mr Scott Nicol on 6 September 2017
Director's details changed for Mr Gary Nicol on 6 September 2017
Registered office address changed from 4D Auchingramont Road Hamilton ML3 6JT Scotland to Unit 2 12 Bairds Crescent Allanshaw Industrial Estate Hamilton ML3 9FD on 6 September 2017
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