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Forceshift (Contracting) Limited

02438259

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

WESTVILLE WASTE RECYCLING CENTRE WESTVILLE, BOSTON, PE22 7HR
Incorporated 31/10/1989

Compliance

Last accounts

31/12/2024

unaudited abridged

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 31/10/2025

Due 14/11/2026

On track

Industry

38110
Collection of non-hazardous waste

Officers

Mr Ronnie Bennett

director · Since 25/06/2010

DIRECTOR

BRITISH · ENGLAND · Age 40

Also on 2 other boards

Persons with Significant Control

Mr Ronnie Bennett

25–50% shares

British · England · Age 40

Spalding Business Centre, Church Street, Spalding, PE11 2PB

Notified 06/04/2016

Charges0 outstanding

charge
satisfied

CLYDESDALE BANK PLC (THE SECURITY TRUSTEE)

Created 16/04/2008Registered 22/04/2008Satisfied 16/03/2010
charge
satisfied

HSBC BANK PLC

Created 01/12/2000Registered 08/12/2000Satisfied 23/04/2008
charge
satisfied

MIDLAND BANK PLC

Created 05/07/1990Registered 11/07/1990Satisfied 23/04/2008

CompanyRankvs 34+ SIC 38110 peers
89

Financial strength97th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 7.35× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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34Forceshift (Contracting) Limited
89
How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 pts

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

Liquidity20/20 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

£2.5M

Balance sheet strength

Cash

£1.4M

Cash in the bank

Net Current Assets

£2.1M

Working capital

Current Assets

£2.4M

Current Liabilities

£331k

Fixed Assets

£616k

Debtors

£1.1M

36avg. employees

Tax at Year End(2018)

Corp tax£34k
VAT£22k

Director Loans(2018)

Company owes directors£285

Balance Sheet

Assets less current liabilities£2.7M

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20247.35+£291k—
20235.74+£831k—
20213.85+£354k—
20202.95+£317k—
20195.16+£174k—
20185.26+£171k£449k

Derived from filed accounts. Not audited figures.