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Geo-Drill Services Limited

07863778

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

6 QUEENS COURT NORTH, THIRD AVENUE, GATESHEAD, NE11 0BU
Incorporated 29/11/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

77320
Renting and leasing of construction and civil engineering machinery and equipment

Officers

Mr Paul Turnbull

director · Since 29/11/2011

DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 2 other boards

Persons with Significant Control

Mr Paul Turnbull

75–100% shares
75–100% votes

British · England · Age 53

6, Queens Court North, Third Avenue, Gateshead, NE11 0BU

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC (CRN: 00929027)

Created 30/10/2017Registered 31/10/2017
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 07/07/2017Registered 11/07/2017

CompanyRankvs 1551+ SIC 77320 peers
51

Financial strength74th percentile among SIC peers · 19/25
Employees37th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.87× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1551Geo-Drill Services Limited
56
How is this score calculated?
Financial strength19/25 pts

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

Employees6/15 pts

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

Liquidity6/20 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 30/11/2024

Net Worth

£326k

Balance sheet strength

Cash

£687

Cash in the bank

Net Current Assets

-£16k

Working capital

Current Assets

£114k

Current Liabilities

£130k

Fixed Assets

£533k

Debtors

£113k

1avg. employees

Balance Sheet

Bank loans & overdrafts£180k
Assets less current liabilities£517k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.87+£15k
20230.70+£25k
20220.06+£103k
20210.02+£104k
20200.30+£26k
20190.02+£938

Derived from filed accounts. Not audited figures.