Spearhead Turf Limited
02026433
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 01/12/2015
director · Since 01/12/2015
CHARTERED ACCOUNTANT
BRITISH · ENGLAND · Age 52
Also on 9 other boards
director · Since 01/12/2015
DIRECTOR
BRITISH · ENGLAND · Age 54
Also on 6 other boards
Persons with Significant Control
Harrowden Turf (Holdings) Limited
Colpmans Farm, Islip, Northants, NN14 3LT
Reg: 12402681 · England · Limited Company
Notified 31/01/2020
Former PSCs
Harrowden Farms Limited
Ceased 31/01/2020
Harrowden Farms Group Limited
Ceased 31/01/2020
Charges1 outstanding
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CompanyRankvs 245+ SIC 01290 peers28
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
restructure the finances of the group. As stated in note 1.2 these conditions indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. SPEARHEAD TURF LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Audit report information (Continued) - 9 - Emphasis of matter - basis of prepa
Key FinancialsYear ending 31/12/2024
Net Worth
-£182k
Balance sheet strength
Cash
£11k
Cash in the bank
Net Current Assets
-£2.9M
Working capital
Current Assets
£2.8M
Current Liabilities
£5.7M
Fixed Assets
£3.0M
Debtors
£92k
Tax at Year End(2017)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.49 | -£382k |
| 2023 | 0.62 | +£80k |
| 2022 | 0.69 | -£176k |
| 2021 | 0.76 | -£118k |
| 2020 | 0.89 | +£60k |
| 2019 | 0.90 | +£152k |
| 2018 | 0.75 | -£470k |
| 2017 | 0.85 | — |
Derived from filed accounts. Not audited figures.