Company Overview
Inspec Solutions Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 02 September 1999, so this is a well established company. Inspec Solutions Ltd has been in business for 26 years and 7 months. The accounts status is audit exemption subsidiary and the accounts are next due on Wednesday 30 September 2026.
Registered Address

The Ironworks, Unit 7 Norfolk Bridge Business Park, Foley Street, Sheffield, S4 7YW
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Companies House Data
Company NameINSPEC SOLUTIONS LTD
Company Number03835537
Registered Office AddressThe Ironworks, Unit 7 Norfolk Bridge Business Park
 Foley Street
 S4 7YW
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date02/09/1999
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryAUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date23/09/2016
Returns Last Made Up Date26/08/2015
Directors & Members
Show Resigned
Simon Close - Director
(British, 61 years old, born April 1965)
Appointed 15 August 2025
 Active
Gareth Davies - Director
(British, 56 years old, born March 1970)
Appointed 01 March 2026
 Active
Timothy MacLaren - Director
(British, 44 years old, born February 1982)
Appointed 01 March 2026
 Active
Andrew Mills - Director
(British, 47 years old, born December 1979)
Appointed 15 August 2025
 Active
Andrew Stephens - Director
(British, 44 years old, born June 1982)
Appointed 01 March 2026
 Active
Secretaries
Show Resigned
Other Company Directorships
Simon Close
CORPORATE CONSULTING SERVICES LIMITED
FASGEN LIMITED
HELLENIC VELOCITY UK LIMITED
VELOCITY POWER LIMITED
VELOCITY POWER NOMINEES LIMITED
Gareth Davies
No companies found
Timothy MacLaren
INDUSTRIAL TECHNOLOGY SYSTEMS LIMITED
Andrew Mills
AIMFUTURA LTD
INDUSTRIAL TECHNOLOGY SYSTEMS LIMITED
ITI OPERATIONS LIMITED
ITS OPERATING GROUP LTD
MAL RESEARCH AND DEVELOPMENT LIMITED
MILLS FAMILY GROUP HOLDING LTD
NICHOLAS MATTHEWS LIMITED
Andrew Stephens
INDUSTRIAL TECHNOLOGY SYSTEMS LIMITED
TIDAL COFFEE LTD
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 10,609 10,609 14,145
Current Assets 1,173,301 1,173,301 616,487
Creditors Due Within One Year 501,277 501,277 280,502
Working Cap 672,024 672,024 335,985
Total Assets Less Current Liabilities 682,633 682,633 350,130
Long-term Liabilities 682,533 682,533 2,382
Net Assets 100 100 347,748
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 100 100 347,748
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 0.9% 0.9% 2.2%
Stocks Inventory - - -
Debtors 36.6% 36.6% 62.9%
Cash Bank In Hand 51.8% 51.8% 16.6%
Current Assets 99.1% 99.1% 97.8%
Creditors Due Within One Year 42.3% 42.3% 44.5%
Net Current Assets Liabilities 56.8% 56.8% 53.3%
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 0.0% 0.0% 55.1%
Capital Employed - - -
Total Assets Less Current Liabilities 57.7% 57.7% 55.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 2.3 2.3 2.2
Solvency Ratio 1.0 1.0 2.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 4
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 1,183,910 1,183,910 630,632
Debt 1,183,810 1,183,810 282,884
Net Assets/Debt 100 100 347,748

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. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over 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. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over 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. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over 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
Appointment of Mr Andrew Stephens as a director on 1 March 2026
Appointment of Mr Gareth Wynne Davies as a director on 1 March 2026
Appointment of Mr Timothy Peter Maclaren as a director on 1 March 2026
Registration of charge 038355370005, created on 23 January 2026
Consolidated accounts of parent company for subsidiary company period ending 31/12/24
Audit exemption statement of guarantee by parent company for period ending 31/12/24
Notice of agreement to exemption from audit of accounts for period ending 31/12/24
Confirmation statement made on 26 August 2025 with updates
Resolutions
Memorandum and Articles of Association
Satisfaction of charge 038355370004 in full
Termination of appointment of John Paul Morgan as a director on 15 August 2025
Appointment of Mr Simon Michael Close as a director on 15 August 2025
Appointment of Mr Andrew Ian Mills as a director on 15 August 2025
Termination of appointment of George Elliott Nicholson as a director on 15 August 2025
Notification of Its Operating Group Ltd as a person with significant control on 15 August 2025
Cessation of Ideso Group Ltd as a person with significant control on 15 August 2025
Termination of appointment of Brian Leslie Quarendon as a director on 15 August 2025
Termination of appointment of Mark Ritson as a director on 22 November 2024
Termination of appointment of Mark Ritson as a secretary on 22 November 2024
Confirmation statement made on
Satisfaction of charge 038355370003 in full
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