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Grotech Production Limited

04437601

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

GROTECH PRODUCTION LIMITED, GOOLE, DN14 6ET
Incorporated 14/05/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

20150
Manufacture of fertilisers and nitrogen compounds
20200
Manufacture of pesticides and other agrochemical products
20412
20412
20590
Manufacture of other chemical products

Officers

Mrs Karen Patricia Harte Usher

secretary · Since 27/05/2002

BRITISH · Age 73

Also on 1 other board

Mr Martin John Usher

director · Since 27/05/2002

CHEMICAL ENGINEER

BRITISH · ENGLAND · Age 73

Also on 2 other boards

Persons with Significant Control

Mr Martin John Usher

Appoint directors
right-to-appoint-and-remove-directors-as-firm

British · England · Age 73

Grotech Production, Britannia Road, Goole, DN14 6ET

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

MARKETFINANCE LIMITED

Created 06/04/2021Registered 06/04/2021
charge
outstanding

BARCLAYS BANK PLC

Created 22/12/2004Registered 31/12/2004
charge
outstanding

BARCLAYS BANK PLC

Created 20/12/2004Registered 24/12/2004

CompanyRankvs 17+ SIC 20150 peers
57

Financial strength78th percentile among SIC peers · 20/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.47× · 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 strength20/25 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

6. The financial statements have been prepared under the historical cost convention. Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to events or conditions that may cast significant doubt about the abili

Key FinancialsYear ending 30/06/2024

Net Worth

£255k

Balance sheet strength

Cash

£235k

Cash in the bank

Net Current Assets

£490k

Working capital

Current Assets

£1.5M

Current Liabilities

£1.0M

Fixed Assets

£1.6M

Debtors

£802k

27avg. employees-6

Balance Sheet

Assets less current liabilities£2.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.47+£107k
20231.50-£142k
20221.57+£6k
20211.56+£17k
20201.24+£16k
20191.45+£29k
20181.26—

Derived from filed accounts. Not audited figures.