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Llangollen Railway Plc

02716476

liquidation
Public Limited Company
england wales
Companies House
2 outstanding charges
Insolvency history
Health Score
N/A

Details

BARID HOUSE, MILTON KEYNES, MK5 8FR
Incorporated 20/05/1992

Compliance

Last accounts

31/12/2019

full

Next accounts due

30/06/2021

Overdue

Confirmation statement

Last: 20/05/2020

Due 03/06/2021

Overdue

Industry

49100
Passenger rail transport, interurban

Officers

Mr. Robert John Creasey

secretary · Since 03/10/2020

Also on 2 other boards

Mr. Phillip John Coles

director · Since 03/10/2020

RETIRED

BRITISH · WALES · Age 72

Mr. Robert John Creasey

director · Since 03/10/2020

RETIRED BUSINESS ANALYST

BRITISH · UNITED KINGDOM · Age 72

Also on 2 other boards

Mrs. Maureen Theobald

director · Since 03/10/2020

RETIRED SPECIALIST PRACTICIONER

BRITISH · ENGLAND · Age 73

Mr. Michael Keith Williams

director · Since 03/10/2020

TECHNICAL SUPPORT ENGINEER (RETIRED)

BRITISH · WALES · Age 72

Mr. Peter James Edwards

director · Since 07/11/2020

IT MANAGER

BRITISH · ENGLAND · Age 59

Persons with Significant Control

Llangollen Railway Trust Limited

25–50% shares
25–50% votes

The Station, Abbey Road, Llangollen, LL20 8SN

Reg: 3040336 · Companies For England & Wales · Charity

Notified 06/04/2016

Mr. Robert John Creasey

Significant control

British · United Kingdom · Age 72

Barid House, Seebeck Place, Milton Keynes, MK5 8FR

Notified 12/10/2020

Charges2 outstanding

Debenture
outstanding

National Westminster Bank PLC

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 24/10/2002Registered 25/10/2002
Chattels mortgage
fully satisfied

Hsbc Asset Finance (UK) Limited and Hsbc Equipment Finance (UK) Limited

1 british rail MK1 rbr carriage - 1657.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 26/03/2002Registered 26/03/2002Satisfied 29/05/2019
Debenture
fully satisfied

Hsbc Bank PLC

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 25/03/2000Registered 31/03/2000Satisfied 29/05/2019
Mortgage debenture
outstanding

National Westminster Bank PLC

A specific equitable charge over all freehold and leasehold properties and/or the proceeds of sale thereof fixed and floating charges over undertaking and all property and assets present and future including goodwill bookdebts and the benefits of any licences.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 01/12/1995Registered 11/12/1995

Insolvency History2 cases

in administration

Alan Brian Coleman (practitioner) · Jason Mark Elliott (practitioner)

creditors voluntary liquidation02/04/2022

Marco Piacquadio (practitioner) · Jason Mark Elliott (practitioner) · Alan Brian Coleman (practitioner)

CompanyRankvs 15+ SIC 49100 peers
6

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.55× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10Insolvency history -10
Show leaderboard
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90
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90
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89
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89
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88
How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 pts

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

Liquidity6/20 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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Insolvency history: -10 pts

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

Going Concern Doubt

or - the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The directors are responsible for the other inform

Key FinancialsYear ending 31/12/2019

Turnover

£1.6M

Annual revenue

Net Worth

£235k

Balance sheet strength

Cash

£21k

Cash in the bank

Profit Before Tax

-£329k

Bottom line earnings

Net Current Assets

-£255k

Working capital

Current Assets

£313k

Current Liabilities

£568k

Fixed Assets

£559k

Debtors

£239k

Cost of Sales

£1.2M

Gross Profit

£398k

Admin Expenses

£747k

Operating Profit

-£318k

Profit After Tax

-£270k

Tax at Year End

Corp tax£3

Balance Sheet

Bank loans & overdrafts£15k
Assets less current liabilities£304k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20190.55-£175k
20181.05—

Derived from filed accounts. Not audited figures.