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I-Drains Limited

08528544

active - proposal to strike off
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

LAKESIDE BUSINESS PARK, DONCASTER, DN4 5PN
Incorporated 14/05/2013

Compliance

Last accounts

31/05/2021

total exemption full

Next accounts due

31/05/2023

Overdue

Confirmation statement

Last: 14/05/2023

Due 28/05/2024

Overdue

Industry

37000
Sewerage

Officers

Mr Michael Eric Flanagan

director · Since 14/05/2013

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 67

Also on 7 other boards

Persons with Significant Control

Mr Michael Eric Flanagan

75–100% shares
75–100% votes

British · England · Age 67

7, Jetstream Drive, Doncaster, DN9 3QS

Notified 14/05/2017

Insolvency History1 case

creditors voluntary liquidation20/05/2026

Claire Louise Foster (practitioner)

CompanyRankvs 725+ SIC 37000 peers
28

Financial strength1th percentile among SIC peers · 0/25
Employees52th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.3× · 2/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees8/15 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.

Longevity13/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/05/2021

Net Worth

-£98k

Balance sheet strength

Cash

£21k

Cash in the bank

Net Current Assets

-£83k

Working capital

Current Assets

£36k

Current Liabilities

£119k

Fixed Assets

£22k

Debtors

£14k

2avg. employees

Balance Sheet

Intangible assets£7k
Bank loans & overdrafts£30k
Assets less current liabilities-£61k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent Ratio
20210.30

Derived from filed accounts. Not audited figures.