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Groundsource Drilling & Contracting Limited

07699498

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

7 NAVIGATION COURT, WAKEFIELD, WF2 7BJ
Incorporated 11/07/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Robert Mark Johnson

director · Since 08/09/2011

DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 2 other boards

Mr Ian Michael Wicks Bsc Hons

director · Since 08/09/2011

DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 2 other boards

Mr Ian Wicks

secretary · Since 01/03/2012

Persons with Significant Control

Mr Stewart Kenneth Russell

25–50% shares

British · England · Age 46

7, Navigation Court, Wakefield, WF2 7BJ

Notified 25/07/2016

Mr John Paul Bladen

25–50% shares
25–50% votes

British · England · Age 79

7, Navigation Court, Wakefield, WF2 7BJ

Notified 09/12/2021

Charges2 outstanding

Charge
outstanding

JPB FACILITIES MANAGEMENT LIMITED (COMPANY NUMBER 7654276)

Created 23/06/2015Registered 25/06/2015
charge
outstanding

LOW MOOR ENGINEERING COMPANY LIMITED

Created 07/08/2012Registered 17/08/2012

CompanyRankvs 3364+ SIC 43999 peers
71

Financial strength94th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.33× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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3364Groundsource Drilling & Contracting Limited
80
How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 pts

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

Liquidity12/20 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 31/08/2024

Net Worth

£607k

Balance sheet strength

Cash

£173k

Cash in the bank

Net Current Assets

£344k

Working capital

Current Assets

£1.4M

Current Liabilities

£1.0M

Fixed Assets

£890k

Debtors

£199k

33avg. employees-7

Balance Sheet

Assets less current liabilities£1.2M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.33+£78k
20231.35-£201k
20221.45+£461k
20211.23-£94k
20201.23+£232k
20191.06+£165k
20180.85—

Derived from filed accounts. Not audited figures.