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Sherwood Drilling Services Ltd.

03691592

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

LAWRENCE HOUSE, BRINSLEY, NG16 5AB
Incorporated 05/01/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

74909
Other professional, scientific and technical activities

Officers

Richard Cotton

director · Since 05/01/1999

DRILLING ENGINEER

BRITISH · UNITED KINGDOM · Age 59

Sharon Lesley Burton

secretary · Since 21/12/2000

BRITISH · UNITED KINGDOM · Age 58

Also on 3 other boards

Sharon Lesley Burton

director · Since 06/04/2005

ADMINISTRATOR

BRITISH · UNITED KINGDOM · Age 58

Also on 3 other boards

Persons with Significant Control

Mr Richard Cotton

25–50% shares

British · United Kingdom · Age 59

Lawrence House, Church Lane, Nottingham, NG16 5AB

Notified 06/04/2016

Ms Sharon Lesley Burton

25–50% shares

British · United Kingdom · Age 58

Lawrence House, Church Lane, Nottingham, NG16 5AB

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 09/07/2005Registered 13/07/2005

CompanyRankvs 15879+ SIC 74909 peers
55

Financial strength81th percentile among SIC peers · 20/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.44× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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15879Sherwood Drilling Services Ltd.
65
How is this score calculated?
Financial strength20/25 pts

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

Employees13/15 pts

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

Liquidity2/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/01/2025

Net Worth

£65k

Balance sheet strength

Cash

£17k

Cash in the bank

Net Current Assets

-£26k

Working capital

Current Assets

£21k

Current Liabilities

£47k

Fixed Assets

£94k

Debtors

£3k

3avg. employees

Balance Sheet

Intangible assets£80k
Assets less current liabilities£68k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.44-£6k
20240.66+£12k
20230.58+£4k
20220.58-£19k
20210.75+£18k
20200.46+£13k
20190.44—

Derived from filed accounts. Not audited figures.