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Resolve Salvage & Fire (Europe) Ltd

06896912

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

7-9 THE AVENUE, EASTBOURNE, BN21 3YA
Incorporated 06/05/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

33190
Repair of other equipment
38110
Collection of non-hazardous waste
38120
Collection of hazardous waste
38310
Dismantling of wrecks

Officers

Mr Joseph E Farrell Jr.

director · Since 06/05/2009

DIRECTOR

AMERICAN · UNITED STATES · Age 75

Persons with Significant Control

Mr Joseph E Farrell Jr.

75–100% shares
75–100% votes
Appoint directors

American · United States · Age 75

7-9, The Avenue, Eastbourne, BN21 3YA

Notified 07/05/2016

Charges3 outstanding

Charge
outstanding

BANC OF AMERICA LEASING & CAPITAL, LLC

Created 03/06/2015Registered 08/06/2015
Charge
outstanding

BANC OF AMERICA LEASING & CAPITAL, LLC

Created 03/06/2015Registered 08/06/2015
Charge
outstanding

BANC OF AMERICA LEASING & CAPITAL, LLC

Created 03/06/2015Registered 08/06/2015

CompanyRankvs 4355+ SIC 33190 peers
31

Financial strength15th percentile among SIC peers · 4/25
Employees8th percentile among SIC peers · 1/15
LiquidityCurrent ratio 0.76× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength4/25 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.

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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£1

Balance sheet strength

Cash

£20k

Cash in the bank

Net Current Assets

-£1.8M

Working capital

Current Assets

£5.8M

Current Liabilities

£7.6M

Fixed Assets

£0

Debtors

£5.8M

0avg. employees-4

Tax at Year End

Corp tax£231k

Balance Sheet

Assets less current liabilities-£1.8M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.76
20230.30
20220.85
20210.84
20200.83
20190.82+£2.2M
20180.74+£294k
20170.37-£2.5M
20160.21

Derived from filed accounts. Not audited figures.