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Truecut Diamond Drilling Limited

06213835

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

OVENDEN HOUSE, WILCOX CLOSE, CANTERBURY, CT3 3EP
Incorporated 16/04/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Alexander Thomas Robin Ovenden

secretary · Since 16/04/2007

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 26 other boards

Mr Alexander Thomas Robin Ovenden

director · Since 16/04/2007

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 26 other boards

Mr Gary Graham Venner

director · Since 01/05/2007

CONTRACT DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 11 other boards

Mr Colin Walker

director · Since 18/04/2011

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 2 other boards

Persons with Significant Control

Mr Gary Graham Venner

25–50% shares
25–50% votes

British · England · Age 56

Ovenden House, Wilcox Close, Canterbury, CT3 3EP

Notified 16/01/2019

Charges0 outstanding

charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 17/12/2009Registered 23/12/2009Satisfied 28/07/2010

CompanyRankvs 5674+ SIC 43999 peers
75

Financial strength97th percentile among SIC peers · 24/25
Employees9th percentile among SIC peers · 1/15
LiquidityCurrent ratio 5.69× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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5674Truecut Diamond Drilling Limited
75
How is this score calculated?
Financial strength24/25 pts

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

Employees1/15 pts

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

Liquidity20/20 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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

£1.7M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Net Current Assets

£1.4M

Working capital

Current Assets

£1.7M

Current Liabilities

£301k

Fixed Assets

£485k

Debtors

£525k

0avg. employees-30

Tax at Year End

Corp tax£13k

Balance Sheet

Assets less current liabilities£1.9M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20255.69+£65k
20244.42+£303k
20235.69+£20k
20223.36+£193k
20212.43+£98k
20202.07+£208k
20191.83—

Derived from filed accounts. Not audited figures.