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Ig Excavations Limited

10903230

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

6 TALISMAN CLOSE, ILFORD, IG3 9JA
Incorporated 07/08/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41202
Construction of domestic buildings

Officers

Mr Ion Ghencea

director · Since 07/08/2017

EXCAVATIONS

ROMANIAN · UNITED KINGDOM · Age 44

CompanyRankvs 55240+ SIC 41202 peers
33

Financial strength9th percentile among SIC peers · 2/25
Employees33th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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55240Ig Excavations Limited
32
How is this score calculated?
Financial strength2/25 pts

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

Employees5/15 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.

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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/08/2024

Net Worth

-£16k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£13k

Working capital

Current Assets

£292

Current Liabilities

£13k

1avg. employees

Balance Sheet

Assets less current liabilities-£13k
Signed by 1.9.23Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent RatioImplied Profit
20240.02-£2k
20230.04-£8k
202225.22-£13k
202139.87-£2k
202044.85+£1k
201915.15+£2k
20185.23—

Derived from filed accounts. Not audited figures.