Local Generation Limited
06606245
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 30/05/2025
Due 13/06/2026
Industry
Officers
director · Since 13/04/2011
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 3 other boards
director · Since 06/09/2024
DIRECTOR
BRITISH · ENGLAND · Age 61
Also on 7 other boards
director · Since 20/11/2024
DIRECTOR
BRITISH · ENGLAND · Age 48
Also on 13 other boards
Persons with Significant Control
Gvo B-1 Limited
Control Tower, Hemswell Cliff Industrial Estate, Gainsborough, DN21 5TU
Reg: 10661698 · Companies House · Private Limited Company
Notified 05/07/2017
Former PSCs
Logen Holdings Ltd
Ceased 05/07/2017
Charges0 outstanding
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CompanyRankvs 587+ SIC 35110 peers61
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 co
Key FinancialsYear ending 31/12/2024
Turnover
£10.4M
Annual revenue
Net Worth
£4.9M
Balance sheet strength
Cash
£141k
Cash in the bank
Profit Before Tax
-£875k
Bottom line earnings
Net Current Assets
-£3.4M
Working capital
Current Assets
£3.3M
Current Liabilities
£6.7M
Fixed Assets
£9.3M
Debtors
£3.1M
Cost of Sales
£6.4M
Gross Profit
£4.0M
Admin Expenses
£4.9M
Operating Profit
-£862k
Profit After Tax
-£694k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.50 | -£694k |
| 2023 | 0.87 | -£1.7M |
| 2022 | 0.80 | +£494k |
| 2021 | 1.65 | +£53k |
| 2020 | 0.73 | -£2k |
| 2019 | 0.64 | +£531k |
| 2018 | 0.48 | — |
Derived from filed accounts. Not audited figures.