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Sandbag Limited

04382666

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

THE HAT FACTORY, 166-168, LONDON, NW1 9PT
Incorporated 27/02/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

90020
Support activities to performing arts

Officers

Mrs Melanie Goodwin Maxwell

director · Since 01/03/2002

COMPANY MANAGER

BRITISH · ENGLAND · Age 57

Also on 3 other boards

Mr Christiaan Munro

director · Since 01/03/2002

OPERATIONS MANAGER

BRITISH · UNITED KINGDOM · Age 56

Also on 2 other boards

Mr Adam Charles Driscoll

director · Since 19/07/2023

CEO

BRITISH · ENGLAND · Age 57

Also on 30 other boards

Mr Brian John Message

director · Since 19/07/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 43 other boards

Persons with Significant Control

All Things Considered Services Ltd

50–75% shares
50–75% votes

The Hat Factory, 166 - 168 Camden Street, London, NW1 9PT

Reg: 15333700 · England And Wales · Limited Company

Notified 01/04/2024

Former PSCs

Mrs Melanie Goodwin Maxwell

Ceased 19/07/2023

Mr Christiaan Munro

Ceased 19/07/2023

Mr Jonathan Paul Newill

Ceased 19/07/2023

All Things Considered Group Plc

Ceased 01/04/2024

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 18/03/2020Registered 19/03/2020
charge
outstanding

THAMES PROPERTY LIMITED

Created 27/08/2004Registered 03/09/2004

CompanyRankvs 5910+ SIC 90020 peers
62

Financial strength98th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.2× · 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

identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concer

Key FinancialsYear ending 31/03/2022

Turnover

£31.7M

Annual revenue

Net Worth

£905k

Balance sheet strength

Cash

£1.7M

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£7.4M

Current Liabilities

£6.2M

Fixed Assets

£261k

Debtors

£5.2M

Cost of Sales

£27.6M

Admin Expenses

£2.8M

Profit After Tax

£965k

49avg. employees+4

Tax at Year End

Corp tax£215k
Dividends paid-£885k

People Costs

Wages & salaries£2.2M
NI contributions£181k

Balance Sheet

Bank loans & overdrafts£1.8M
Assets less current liabilities£1.5M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20221.20-£264k
20211.57
20201.35

Derived from filed accounts. Not audited figures.