Driftwood Timber Limited
07291800
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 19/06/2020
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 1 other board
Persons with Significant Control
Mr Mohammed Amjad Mahmood
British · England · Age 60
19, Field Lane, Dewsbury, WF13 3DU
Notified 01/01/2017
CompanyRankvs 1413+ SIC 46730 peers49
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2025
Net Worth
-£51k
Balance sheet strength
Cash
£2k
Cash in the bank
Net Current Assets
-£23k
Working capital
Current Assets
£231k
Current Liabilities
£255k
Fixed Assets
£2k
Debtors
£1k
Tax at Year End(2024)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.91 | -£68k |
| 2024 | 1.14 | -£70k |
| 2023 | 1.35 | — |
Derived from filed accounts. Not audited figures.