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T. G. Tunnelling Limited

03115151

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

2 ATHENAEUM ROAD, LONDON, N20 9AE
Incorporated 18/10/1995

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

42130
Construction of bridges and tunnels

Officers

Nora Gallagher

secretary · Since 25/10/1998

British

Nora Gallagher

director · Since 20/05/2013

Irish

Thomas Gallagher

director · Since 04/05/2021

Irish

Thomas Gallagher

director · Since 24/10/1995

Irish

Former

Thomas Gallagher

secretary · Resigned 25/10/1998

Rm Registrars Limited

corporate nominee secretary · Resigned 18/10/1995

Yvonne Gill

director · Resigned 02/04/1996

Rm Nominees Limited

corporate nominee director · Resigned 18/10/1995

CompanyRankvs 105+ SIC 42130 peers
79

Financial strength100th percentile among SIC peers · 25/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 6.03× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees14/15 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.

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

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

Key FinancialsYear ending 31/10/2024

Net Worth

£21.8M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Profit Before Tax

£2.3M

Bottom line earnings

Net Current Assets

£27.0M

Working capital

Current Assets

£32.4M

Current Liabilities

£5.4M

Fixed Assets

£140k

Debtors

£31.2M

Admin Expenses

£2.0M

Profit After Tax

£1.2M

7avg. employees-457

Tax at Year End

Corp tax£1.0M
Dividends paid£1.3M

People Costs

Wages & salaries£83.3M

Balance Sheet

Assets less current liabilities£27.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20246.03
20222.50

Derived from filed accounts. Not audited figures.