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Adastra Access Limited

04010294

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

C/O INTERPATH LTD 9TH FLOOR, LONDON, EC4M 7RB
Incorporated 08/06/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

42990
Construction of other civil engineering projects

Officers

Mr Kenneth David Goundrey

director · Since 10/03/2009

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 81

Also on 4 other boards

Mr Kenneth David Goundrey

secretary · Since 31/12/2014

Also on 4 other boards

Persons with Significant Control

Adastra Access Holdings Limited

75–100% shares
75–100% votes
Appoint directors

3 Hagley Court North, The Waterfront, Dudley, DY5 1XF

Reg: 05986064 · Registrar Of Companies England & Wales · Private Limited Company

Notified 30/06/2016

Charges5 outstanding

Charge
satisfied

HSBC BANK UK PLC

Created 07/06/2019Registered 11/06/2019Satisfied 09/08/2022
Charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LTD

Created 15/09/2017Registered 15/09/2017
Charge
satisfied

HSBC BANK PLC

Created 28/07/2015Registered 31/07/2015Satisfied 25/01/2023
Charge
satisfied

HSBC ASSET FINANCE (UK) LTD · HSBC EQUIPMENT FINANCE (UK) LTD

Created 05/06/2015Registered 05/06/2015Satisfied 20/02/2018
Charge
outstanding

HSBC BANK PLC

Created 15/05/2015Registered 18/05/2015
Charge
outstanding

POSITIVE CASHFLOW FINANCE LIMITED

Created 19/11/2013Registered 19/11/2013
charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LTD AND HSBC ASSET FINANCE (UK) LTD

Created 09/11/2011Registered 15/11/2011
charge
outstanding

LOMBARD NORTH CENTRAL PLC

Created 30/04/2010Registered 01/05/2010
charge
satisfied

DIGBY, LORD JONES OF BIRMINGHAM KT

Created 06/05/2009Registered 19/05/2009Satisfied 19/11/2010

CompanyRankvs 786+ SIC 42990 peers
62

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.16× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -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.

Employees15/15 pts

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

Liquidity12/20 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

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

Going Concern Doubt

responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We draw attention to note 1 in the financial statements, which explains that the entity's ability to continue as a going concern is dependent on the continued support of the company's bank

Key FinancialsYear ending 31/12/2021

Turnover

£5.4M

Annual revenue

Net Worth

£3.2M

Balance sheet strength

Cash

£86k

Cash in the bank

Profit Before Tax

£770k

Bottom line earnings

Net Current Assets

£247k

Working capital

Current Assets

£1.8M

Current Liabilities

£1.6M

Fixed Assets

£12.9M

Debtors

£1.7M

Cost of Sales

£1.4M

Gross Profit

£4.0M

Admin Expenses

£2.8M

Operating Profit

£1.3M

Profit After Tax

£851k

70avg. employees

Balance Sheet

Intangible assets£3.7M
Bank loans & overdrafts£145k
Assets less current liabilities£13.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20211.16

Derived from filed accounts. Not audited figures.