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Ashgarth Engineering Ltd

10855461

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

34B NUMBER ONE INDUSTRIAL ESTATE, CONSETT, DH8 6SZ
Incorporated 07/07/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining

Officers

Mr Niall Rodger Ash

director · Since 07/07/2017

ENGINEER

BRITISH · ENGLAND · Age 46

Also on 1 other board

Mr Paul Alan Westgarth

director · Since 07/07/2017

ENGINEER

BRITISH · UNITED KINGDOM · Age 46

Also on 1 other board

Persons with Significant Control

Mr Niall Rodger Ash

25–50% shares
25–50% votes

British · England · Age 46

34b, Number One Industrial Estate, Consett, DH8 6SZ

Notified 07/07/2017

Mr Paul Alan Westgarth

25–50% shares
25–50% votes

British · United Kingdom · Age 46

34b, Number One Industrial Estate, Consett, DH8 6SZ

Notified 07/07/2017

Charges2 outstanding

Charge
outstanding

SOCIETE GENERALE EQUIPMENT FINANCE LTD.

Created 11/04/2023Registered 24/04/2023
Charge
outstanding

HSBC BANK PLC

Created 09/04/2018Registered 12/04/2018

CompanyRankvs 377+ SIC 25620 peers
69

Financial strength86th percentile among SIC peers · 22/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 3.53× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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377Ashgarth Engineering Ltd
79
How is this score calculated?
Financial strength22/25 pts

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

Employees13/15 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 31/07/2025

Net Worth

£1.2M

Balance sheet strength

Cash

£477k

Cash in the bank

Net Current Assets

£821k

Working capital

Current Assets

£1.1M

Current Liabilities

£324k

Fixed Assets

£800k

Debtors

£611k

22avg. employees+2

Balance Sheet

Assets less current liabilities£1.6M
Signed by 2024-08-01Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20253.53+£59k
20243.19+£211k
20233.66—

Derived from filed accounts. Not audited figures.