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Sprung Suspension Workshop Ltd

09873859

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 18A CORINIUM BUSINESS PARK SPECULATION ROAD, CINDERFORD, GL14 2YD
Incorporated 16/11/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

33190
Repair of other equipment

Officers

Mr James Ireland

director · Since 16/11/2015

CYCLE JOURNALIST

BRITISH · ENGLAND · Age 36

Mr Ian Campbell Officer

director · Since 28/11/2017

COMPANY DIRECTOR

NEW ZEALANDER · UNITED KINGDOM · Age 63

Also on 1 other board

Persons with Significant Control

Mr James Ireland

50–75% shares
50–75% votes

British · England · Age 36

Unit 18a Corinium Business Park, Speculation Road, Cinderford, GL14 2YD

Notified 01/12/2018

Mr Ian Campbell Officer

25–50% shares
25–50% votes

New Zealander · United Kingdom · Age 63

Doctors Place, Kiln Green, Ross-On-Wye, HR9 5RE

Notified 01/12/2018

Former PSCs

Mr Jake Ireland

Ceased 01/12/2018

CompanyRankvs 4291+ SIC 33190 peers
39

Financial strength1th percentile among SIC peers · 0/25
Employees76th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.43× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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4291Sprung Suspension Workshop Ltd
38
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.

Employees11/15 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.

Longevity11/15 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.

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

-£154k

Balance sheet strength

Cash

£537

Cash in the bank

Net Current Assets

-£141k

Working capital

Current Assets

£105k

Current Liabilities

£245k

Fixed Assets

£25k

Debtors

£7k

4avg. employees-1

Balance Sheet

Assets less current liabilities-£115k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.43-£18k
20230.44-£36k
20220.56-£29k
20210.65-£28k
20200.80-£9k
20190.63-£10k
20180.49—

Derived from filed accounts. Not audited figures.