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Drillturn Engineering Limited

10662888

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

35 THE DRIVE, LONDON, E4 7AJ
Incorporated 10/03/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr. Gary Laurance Wakinshaw

director · Since 10/03/2017

SOLICITOR

BRITISH · ENGLAND · Age 58

Also on 8 other boards

Mrs Kerensa Wakinshaw

director · Since 10/03/2017

RETIRED

BRITISH · ENGLAND · Age 55

Also on 1 other board

Persons with Significant Control

Mr. Gary Laurance Wakinshaw

25–50% shares
25–50% votes
Appoint directors

British · England · Age 58

35, The Drive, London, E4 7AJ

Notified 10/03/2017

Mrs Kerensa Wakinshaw

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 55

35 The Drive, London, E4 7AJ

Notified 10/03/2017

Former PSCs

Mrs Kerensa Watkinshaw

Ceased 10/03/2017

Charges2 outstanding

Charge
outstanding

PARAGON MORTGAGES (2010) LIMITED

Created 17/08/2017Registered 01/09/2017
Charge
outstanding

PARAGON BANK PLC · PARAGON MORTGAGES (2010) LIMITED

Created 17/08/2017Registered 01/09/2017

CompanyRankvs 12759+ SIC 68100 peers
61

Financial strength61th percentile among SIC peers · 15/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 5.09× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength15/25 pts

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

Employees12/15 pts

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

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity9/15 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 31/03/2025

Net Worth

£5k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£2k

Working capital

Current Assets

£2k

Current Liabilities

£479

Fixed Assets

£342k

2avg. employees

Balance Sheet

Assets less current liabilities£344k
Prepared with Acting Office - Tax and Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20255.09+£202
20246.38+£890
202312.47-£5k
20220.98+£1k
2021+£9k
2020102.50+£3k
20193.83-£10k
201810.08

Derived from filed accounts. Not audited figures.