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Borehole Solutions Ltd

09266910

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

SAPPHIRE HEIGHTS COURTYARD, BIRMINGHAM, B1 3ES
Incorporated 16/10/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43130
Test drilling and boring

Officers

Mr John James Rodgman

director · Since 16/10/2014

DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 9 other boards

Mrs Kerry Anne Rodgman

director · Since 17/10/2020

DIRECTOR

BRITISH · ENGLAND · Age 44

Persons with Significant Control

John James Rodgman

25–50% shares
25–50% votes

British · England · Age 44

Sapphire Heights Courtyard, 31 Tenby Street North, Birmingham, B1 3ES

Notified 06/04/2016

Mrs Kerry Anne Rodgman

25–50% shares
25–50% votes

British · England · Age 44

Sapphire Heights Courtyard, 31 Tenby Street North, Birmingham, B1 3ES

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 07/03/2023Registered 08/03/2023
Charge
satisfied

ALDERMORE BANK PLC

Created 21/07/2021Registered 22/07/2021Satisfied 14/04/2023
Charge
outstanding

LLOYDS BANK PLC

Created 31/07/2020Registered 03/08/2020
Charge
outstanding

LLOYDS BANK PLC

Created 04/05/2018Registered 08/05/2018
Charge
satisfied

LLOYDS BANK COMMERCIAL FINANCE LTD

Created 01/12/2014Registered 03/12/2014Satisfied 14/04/2023

CompanyRankvs 244+ SIC 43130 peers
44

Financial strength29th percentile among SIC peers · 7/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.97× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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244Borehole Solutions Ltd
49
How is this score calculated?
Financial strength7/25 pts

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

Employees14/15 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.

Longevity12/15 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 31/10/2024

Net Worth

£265

Balance sheet strength

Cash

£14k

Cash in the bank

Net Current Assets

-£63k

Working capital

Current Assets

£2.4M

Current Liabilities

£2.4M

Fixed Assets

£379k

Debtors

£2.3M

24avg. employees-3

Balance Sheet

Bank loans & overdrafts£35k
Assets less current liabilities£315k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.97—
20230.92-£350k
20221.21+£143k
20211.37+£114k
20201.35+£29k
20191.23—

Derived from filed accounts. Not audited figures.