Garic Limited
02220727
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 08/05/2026
Due 22/05/2027
Industry
Officers
director · Since 01/09/2019
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 53
Also on 10 other boards
director · Since 01/01/2021
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 3 other boards
director · Since 01/11/2024
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 44
Also on 7 other boards
Persons with Significant Control
Bibby Taurus Limited
3rd Floor, Walker House, Liverpool, L2 3YL
Reg: 06696172 · Companies House · Limited By Shares
Notified 06/04/2016
Charges4 outstanding
HSBC UK BANK PLC
HSBC EQUIPMENT FINANCE (UK) LIMITED
HSBC INVOICE FINANCE (UK) LIMITED (AS CHARGEE)
HSBC EQUIPMENT FINANCE (UK) LIMITED (AS CHARGEE)
HSBC EQUIPMENT FINANCE (UK) LTD · HSBC ASSET FINANCE (UK) LTD
HSBC EQUIPMENT FINANCE (UK) LTD · HSBC ASSET FINANCE (UK) LTD
INVESTEC ASSET FINANCE PLC
HSBC ASSET FINANCE (UK) LTD · HSBC EQUIPMENT FINANCE (UK) LTD
HSBC INVOICE FINANCE (UK) LTD
HSBC BANK PLC
RBS INVOICE FINANCE LIMITED
THE CO-OPERATIVE BANK PLC
GARY STUART ENTWISTLE AND LORNE ENTWISTLE BEING THE TRUSTEES OF THE GARY ENTWISTLE LIFE INTERES
BARCLAYS MERCANTILE BUSINESS FINANCE LIMITED
CompanyRankvs 659+ SIC 25990 peers66
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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
we have not identified any 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. Our responsibilities and the responsibilities of the directors with respect to going concern are d
Key FinancialsYear ending 31/12/2022
Turnover
£37.4M
Annual revenue
Net Worth
£19.6M
Balance sheet strength
Cash
£727k
Cash in the bank
Profit Before Tax
£4.3M
Bottom line earnings
Net Current Assets
£5.0M
Working capital
Current Assets
£11.5M
Current Liabilities
£6.5M
Fixed Assets
£28.6M
Debtors
£9.8M
Cost of Sales
£23.3M
Gross Profit
£14.1M
Admin Expenses
£9.1M
Operating Profit
£5.0M
Profit After Tax
£5.6M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 1.76 | +£5.6M |
| 2021 | 1.35 | — |
Derived from filed accounts. Not audited figures.