Edag Engineering Limited
02447431
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Edag Engineering Gmbh
Schlossgasse, 2, 9320 Arbon
Reg: Hrb 28257 · German Company Register · Company
Notified 06/04/2016
Former PSCs
Edag Engineering Group Ag
Ceased 06/04/2016
CompanyRankvs 9658+ SIC 71129 peers47
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
least twelve months from the signing date of the financial statements. The directors did not identify any uncertainty that cast significant doubt about the ability of the company to continue as a going concern. The company is dependent on funding from EDAG Engineering GmbH. The directors have made the judgement that EDAG Engineering GmbH is in a position to provide such funding. The directors h
Key FinancialsYear ending 31/12/2024
Net Worth
-£184k
Balance sheet strength
Cash
£662k
Cash in the bank
Net Current Assets
£388k
Working capital
Current Assets
£1.2M
Current Liabilities
£788k
Fixed Assets
£33k
Debtors
£514k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 1.49 | -£198k | £3.2M |
| 2023 | 1.51 | +£238k | £2.2M |
| 2022 | 1.08 | +£240k | — |
| 2021 | 1.19 | +£271k | — |
| 2020 | 0.52 | -£1.3M | — |
| 2019 | 0.22 | +£0 | — |
| 2018 | 0.53 | +£0 | — |
| 2016 | 0.26 | — | — |
Derived from filed accounts. Not audited figures.