Liugong Machinery (Uk) Limited
07068266
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/01/2024
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 4 other boards
Persons with Significant Control
Guangxi Liugong Machinery Co., Ltd
No.1, Liutai Road, Guangxi, 545007
Reg: 91450200198229141f · Administrative Approval Bureau Of Liuzhou · Limited Company
Notified 20/05/2019
Former PSCs
Mr Brian Leslie Prescott
Ceased 20/05/2019
Mr Grant Ian Mcgregor
Ceased 20/05/2019
Liugong Machinery Hongkong Co. Limited
Ceased 20/05/2019
Charges1 outstanding
HSBC UK BANK PLC
CompanyRankvs 1584+ SIC 28990 peers31
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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
Outstanding charges: -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 31/12/2023
Turnover
£32.9M
Annual revenue
Net Worth
-£3.1M
Balance sheet strength
Cash
£6.1M
Cash in the bank
Profit Before Tax
-£3.9M
Bottom line earnings
Net Current Assets
-£4.7M
Working capital
Current Assets
£42.0M
Current Liabilities
£46.7M
Fixed Assets
£2.0M
Debtors
£8.1M
Cost of Sales
£29.7M
Gross Profit
£3.2M
Admin Expenses
£7.0M
Operating Profit
-£3.8M
Profit After Tax
-£3.9M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 0.90 |
Derived from filed accounts. Not audited figures.