T. G. Tunnelling Limited
03115151
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/10/2024
full
Next accounts due
31/07/2026
Confirmation statement
Last: 27/09/2025
Due 11/10/2026
Industry
Officers
Persons with Significant Control
T G Tunnelling (Holdings) Limited
2 Athenaeum Road, Whetstone, N20 9JE
Reg: 11244029 · England & Wales · Holding Company
Notified 09/03/2018
Former PSCs
Mrs Nora Gallagher
Ceased 09/03/2018
Mr Thomas Gallagher
Ceased 09/03/2018
Change History
Active
Private Limited Company
2 ATHENAEUM ROAD
LONDON
CompanyRankvs 15+ SIC 42130 peers80
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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
appropriate; 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 31/10/2025
Net Worth
£19.7M
Balance sheet strength
Cash
£7.7M
Cash in the bank
Profit Before Tax
£124k
Bottom line earnings
Net Current Assets
£29.4M
Working capital
Current Assets
£32.3M
Current Liabilities
£2.9M
Fixed Assets
£6k
Debtors
£24.6M
Admin Expenses
£2.4M
Profit After Tax
£356k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 11.22 | -£2.1M |
| 2024 | 6.03 | — |
| 2023 | 3.04 | — |
Derived from filed accounts. Not audited figures.