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London Building Company Limited

02011335

liquidation
Private Limited Company
england wales
Companies House
0 outstanding charges
Insolvency history
Health Score
N/A

Details

PEARL ASSURANCE HOUSE, LONDON, N12 8LY
Incorporated 17/04/1986

Compliance

Last accounts

31/03/2022

full

Next accounts due

31/03/2024

Overdue

Confirmation statement

Last: 22/01/2023

Due 05/02/2024

Overdue

Industry

41201
Construction of commercial buildings

Officers

Mr Gerard Cunningham

secretary · Since 08/02/2023

Also on 7 other boards

Mr Gerard Cunningham

director · Since 08/02/2023

DIRECTOR

IRISH · ENGLAND · Age 67

Also on 7 other boards

Persons with Significant Control

Mr Gerard Cunningham

75–100% shares
75–100% votes
Appoint directors

Irish · England · Age 67

Pearl Assurance House, 319 Ballards Lane, London, N12 8LY

Notified 06/04/2016

Former PSCs

Mr James Patrick Godley

Ceased 08/02/2023

Mr Kevin Paul Enright

Ceased 08/02/2023

Charges0 outstanding

Fixed and floating charge
fully satisfied

Midland Bank PLC

Fixed and floating charges over the undertaking and all property and assets present and future including uncalled capital goodwill bookdebts and patents.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 23/06/1994Registered 05/07/1994Satisfied 01/11/2021
Charge over sub-contract
fully satisfied

The Heritable and General Investment Bank LTD

(A) all the right title and interest in and to a sub contract dated 28.9.90 between the company and prestroplan homes LTD (b) all monies payable to the company by prestoplan homes LTD pursuant to the sub-contract and (c) the rights of the company arising out of or in connection with any breach or default by prestoplan homes LTD of or under any of the terms covenants and conditions of the sub contract.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 12/10/1990Registered 31/10/1990Satisfied 10/05/1994

Insolvency History1 case

creditors voluntary liquidation06/02/2024

David Birne (practitioner) · David Rubin (practitioner)

CompanyRankvs 15+ SIC 41201 peers
16

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.69× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

performed, we have identified some material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. We draw your attention to note 1.2 to the financial statements which explains the uncertai

Key FinancialsYear ending 31/03/2022

Net Worth

-£1.6M

Balance sheet strength

Cash

£100k

Cash in the bank

Profit Before Tax

-£1.9M

Bottom line earnings

Net Current Assets

-£1.6M

Working capital

Current Assets

£3.5M

Current Liabilities

£5.1M

Fixed Assets

£0

Debtors

£3.0M

Cost of Sales

£16.9M

Admin Expenses

£559k

Profit After Tax

£1.8M

7avg. employees+4

Tax at Year End

Corp tax£37k

People Costs

Wages & salaries£343k

Balance Sheet

Bank loans & overdrafts£42k
Assets less current liabilities-£1.6M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20220.69-£1.8M
20211.15

Derived from filed accounts. Not audited figures.