Underwoods Group Limited
02224604
Some Concerns
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 02/03/2021
DIRECTOR
BRITISH · NORTHERN IRELAND · Age 80
Also on 1 other board
director · Since 02/03/2021
DIRECTOR
BRITISH · NORTHERN IRELAND · Age 43
Also on 8 other boards
director · Since 02/03/2021
DIRECTOR
IRISH · NORTHERN IRELAND · Age 49
Also on 3 other boards
Persons with Significant Control
Westbank Group Limited
C/O Park Electrical Services, 84 Dargan Road, Belfast, BT3 9JU
Reg: Ni021953 · Uk Registrar Of Companies · Private Limited Company
Notified 02/03/2021
Former PSCs
Mr Laurence Hilary Smith
Ceased 02/03/2021
Mr David Alfred Hill
Ceased 02/03/2021
Charges1 outstanding
NORTHERN BANK LIMITED
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 8615+ SIC 70100 peers31
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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 the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with re
Key FinancialsYear ending 31/08/2025
Net Worth
£494k
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
£1.3M
Bottom line earnings
Net Current Assets
-£1.6M
Working capital
Current Assets
£4k
Current Liabilities
—
Fixed Assets
£2.4M
Debtors
£4k
Operating Profit
-£4k
Profit After Tax
£1.3M
Tax at Year End
People Costs(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | — | -£460k |
| 2022 | 1.53 | — |
Derived from filed accounts. Not audited figures.