Iqb Debt Midco Limited
10449628
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/03/2024
small
Next accounts due
31/03/2026
Confirmation statement
Last: 26/10/2025
Due 09/11/2026
Industry
Officers
director · Since 11/02/2020
DIRECTOR
BRITISH · UNITED KINGDOM · Age 41
Also on 46 other boards
director · Since 11/02/2020
DIRECTOR
BRITISH · UNITED KINGDOM · Age 56
Also on 51 other boards
director · Since 08/12/2023
ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 45
Also on 68 other boards
director · Since 31/12/2025
BRITISH · UNITED KINGDOM · Age 45
Also on 79 other boards
Persons with Significant Control
Gcp Biogas 2 Limited
24 Savile Row, London, W1S 2ES
Reg: 12417890 · Uk Companies House · Private Company Limited By Shares
Notified 11/02/2020
Former PSCs
Iqb Construction Midco Limited
Ceased 11/02/2020
Charges1 outstanding
GRAVIS CAPITAL PARTNERS LLP AS SECURITY AGENT (SECURITY AGENT)
CompanyRankvs 296270+ SIC 64209 peers28
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
receivable from the borrowers, the Company has been unable to service its borrowings, with unpaid interest in the period capitalised. There is, therefore, a material uncertainty with respect to going concern. Nonetheless, the Directors consider it appropriate to prepare the financial statements on a going concern basis due to the ongoing support of its direct and indirect lender. This suppor
Key FinancialsYear ending 31/03/2024
Net Worth
-£28.6M
Balance sheet strength
Cash
£64k
Cash in the bank
Net Current Assets
£20.2M
Working capital
Current Assets
£22.8M
Current Liabilities
£2.6M
Debtors
£22.7M
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 8.66 | -£27.4M |
| 2023 | — | -£132k |
| 2022 | 21.56 | -£251k |
| 2021 | 27.50 | -£812k |
| 2020 | 14.23 | — |
Derived from filed accounts. Not audited figures.