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Groundsell Engineering Limited

07063029

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

9-11 STRATFORD ROAD, SOLIHULL, B90 3LU
Incorporated 31/10/2009

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 30/10/2025

Due 13/11/2026

On track

Industry

74100
Specialised design activities

Officers

Mr Richard Charles Groundsell

director · Since 31/10/2009

ENGINEER

BRITISH · ENGLAND · Age 50

Persons with Significant Control

Mr Richard Charles Groundsell

75–100% shares
75–100% votes

British · England · Age 50

6, Croft Close, Leamington Spa, CV33 9RH

Notified 06/04/2016

CompanyRankvs 22988+ SIC 74100 peers
30

Financial strength13th percentile among SIC peers · 3/25
Employees32th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.17× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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22988Groundsell Engineering Limited
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How is this score calculated?
Financial strength3/25 pts

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

Employees5/15 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

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

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going c

Key FinancialsYear ending 31/10/2024

Net Worth

-£3k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£7k

Working capital

Current Assets

£1k

Current Liabilities

£8k

Fixed Assets

£4k

1avg. employees

Balance Sheet

Assets less current liabilities-£2k
Signed by Mr R C Groundsell 20 March 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.17-£2k
20230.19—
20220.27—
20213.76-£916
20204.51-£2k
20192.63-£2k
20181.29—

Derived from filed accounts. Not audited figures.