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Gss Piling Ltd.

05707807

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

UNIT 4 OAKS COURT, BOREHAMWOOD, WD6 1GS
Incorporated 13/02/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

42990
Construction of other civil engineering projects

Officers

Mr Brian Quinlan Morrisroe

director · Since 29/07/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 70

Also on 20 other boards

Mr Neil Abbott

director · Since 30/09/2021

OPERATIONS DIRECTOR

BRITISH · ENGLAND · Age 47

Mr Devji Bhuva

director · Since 30/09/2021

CIVIL ENGINEER

BRITISH · ENGLAND · Age 47

Mr Paul Henry Burr

director · Since 01/08/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 1 other board

Persons with Significant Control

Morrisroe Group Limited

75–100% shares

Unit4, Oaks Court, Borehamwood, WD6 1GS

Reg: Company Number 05997507 · Companies House Uk · Limited Company

Notified 03/05/2019

Former PSCs

Mr Andrew Albert Parks

Ceased 03/05/2019

Charges2 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 01/12/2023Registered 05/12/2023
Charge
outstanding

BARCLAYS BANK PLC

Created 05/05/2022Registered 06/05/2022
Charge
satisfied

LLOYDS BANK PLC

Created 17/07/2017Registered 03/08/2017Satisfied 30/04/2019

CompanyRankvs 2651+ SIC 42990 peers
55

Financial strength99th percentile among SIC peers · 25/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.52× · 6/20
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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2651Gss Piling Ltd.
71
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.

Employees14/15 pts

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

Liquidity6/20 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

Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts. Page 3 GSS PILING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2019 2. Accounting policies (continued) 2.3 Reven

Key FinancialsYear ending 31/10/2019

Net Worth

£5.0M

Balance sheet strength

Cash

£662k

Cash in the bank

Net Current Assets

-£1.0M

Working capital

Current Assets

£1.1M

Current Liabilities

£2.1M

Fixed Assets

£6.2M

Debtors

£411k

15avg. employees

Balance Sheet

Assets less current liabilities£5.2M
Prepared with Caseware UK (AP4) 2019.0.227

EstimatesDerived

YearCurrent RatioImplied Profit
20190.52+£1.6M

Derived from filed accounts. Not audited figures.