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Bfg Projects Limited

10790864

active
Private Limited Company
england wales
Companies House
Health Score
59 / 100

Notable Risks

25/30
Filing
0/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

10 LOWER THAMES STREET, LONDON, EC3R 6AF
Incorporated 26/05/2017

Compliance

Last accounts

30/09/2024

total exemption full

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 25/05/2026

Due 08/06/2027

On track

Industry

74909
Other professional, scientific and technical activities

Officers

Mr Vinay Desai

director · Since 16/01/2026

BRITISH · ENGLAND · Age 36

Also on 7 other boards

Persons with Significant Control

Bagnall Energy Limited

75–100% shares
75–100% votes
Appoint directors

10, Lower Thames Street, London, EC3R 6EN

Reg: 08349679 · Companies House · Private Limited Company

Notified 30/09/2023

Former PSCs

Bagnall Energy Limited

Ceased 31/03/2023

Suncredit Solutions Limited

Ceased 23/09/2019

Magnus Assets One Limited

Ceased 30/09/2023

Charges3 outstanding

Charge
outstanding

DOWNING LLP AS SECURITY TRUSTEE

Created 14/11/2019Registered 15/11/2019
Charge
outstanding

DOWNING LLP (AS SECURITY TRUSTEE FOR BRIDGING TRADING LLP)

Created 30/10/2018Registered 31/10/2018
Charge
outstanding

DOWNING LLP (AS SECURITY TRUSTEE FOR BRIDGING TRADING LLP)

Created 20/06/2017Registered 26/06/2017

CompanyRankvs 371280+ SIC 74909 peers
36

Financial strength0th percentile among SIC peers · 0/25
Employees11th percentile among SIC peers · 2/15
LiquidityCurrent ratio 34.64× · 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 strength0/25 pts

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

Employees2/15 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 30/09/2024

Net Worth

-£2.3M

Balance sheet strength

Cash

£164k

Cash in the bank

Net Current Assets

£19.6M

Working capital

Current Assets

£20.2M

Current Liabilities

£583k

Debtors

£20.0M

Profit After Tax

-£266k

0avg. employees

Tax at Year End(2023)

VAT£128k

Balance Sheet

Assets less current liabilities£20.6M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
202434.64-£266k
2023136.58-£1.4M£2.6M
2022321.35-£65k£435k
2021624.06-£56k
2020371.55-£432k
201912.88-£12k
201815.07

Derived from filed accounts. Not audited figures.