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Angus Beef Company Limited

07034689

active
Private Limited Company
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 8 outstanding charges (-10)

Details

WYNN COTTAGE FARM, GOOLE, DN14 7LA
Incorporated 30/09/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

01420
Raising of other cattle and buffaloes

Officers

Mr Christopher Paul Higgins

director · Since 30/09/2009

DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 9 other boards

Mrs Denise Mary Higgins

director · Since 01/09/2010

DIRECTOR

BRITISH · ENGLAND · Age 69

Also on 8 other boards

Persons with Significant Control

E W Higgins & Son (Holdings) Ltd

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

Beckside Court, Annie Reed Road, Beverley, HU17 0LF

Reg: 09343033 · Companies House, England And Wales · Private Company Limited By Shares

Notified 06/04/2016

Charges8 outstanding

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CompanyRankvs 298+ SIC 01420 peers
36

Financial strength67th percentile among SIC peers · 17/25
Employees46th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.09× · 2/20
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 strength17/25 pts

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

Employees7/15 pts

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

Liquidity2/20 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 directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the abil

Key FinancialsYear ending 31/12/2024

Net Worth

£349k

Balance sheet strength

Cash

£37k

Cash in the bank

Net Current Assets

-£4.9M

Working capital

Current Assets

£500k

Current Liabilities

£5.4M

Fixed Assets

£7.1M

Debtors

£63k

2avg. employees+2

Balance Sheet

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

EstimatesDerived

YearCurrent RatioImplied Profit
20240.09+£48k
20230.12-£8k
20220.17+£75k
20210.16+£128k
20200.15+£22k
20190.21-£50k
20180.29

Derived from filed accounts. Not audited figures.