The Firmwatch take
Circtec Engineering Ltd. (10380900) currently shows: At risk signal detected, based on accounts to 31 December 2024; last refreshed 24 May 2026. Net liabilities of £17m — assets do not cover obligations.
Companies House source·Accounts to 31 Dec 2024·Refreshed 24 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
Incorporated
17 September 2016
9 years on the register
Sector
Machinery and equipment manufacturing
SIC 28990 · matched to division
Size
Not classified
Net assets
−£17m
Bottom 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Latest filing
None yet
Insolvency risk
High insolvency risk
The latest public accounts show multiple stress signals. Treat this as a prompt for deeper checks, not as a formal insolvency prediction.
Negative net assets
Visible liabilities exceed visible assets in the extracted accounts.
Negative working capital
Short-term liabilities are higher than short-term assets in the public balance sheet.
Weak current ratio
Current assets are less than 75% of current liabilities.
Money
What the balance sheet says
Net assets
−£17m
Bottom 10% in sector · sector median £32k · 16,824 filers in this sector
Cash
Not disclosed
Working cap.
−£5k
Median £36k
Current ratio
0.0×
Median 1.5×
Signals · 2
Negative net assets
The latest filed accounts show liabilities exceeding assets.
Negative working capital
Current liabilities exceed current assets in the extracted accounts.
Address pattern · W1W 7LT
12,783 other UK companies are registered at this postcode — a high-volume registered-office service. Treat as a flag, not a verdict.
Active
11k
Dissolved
404
Strike-off action
954
Sector benchmark · Metals and Machinery Manufacturing
How this company compares in 16,824 filers in this sector
Bottom 10% in sector — Circtec Engineering Ltd. shows −£17m in net assets. Sector median is £32k.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
People
Who runs this company
- TE
TIMPANY, Edward Allen
director · since 2016
Registered office
Address intelligence
12,783 other companies use this address.
High-volume registered-office service. Many UK companies use these legitimately, but they are also a known hosting location for shell entities. Treat this as a flag, not a verdict.
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.