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Gridline Flooring Ltd

10905111

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)
  • Current liabilities exceed current assets (-10)

Details

UNIT 4 BANKSIDE PARK INDUSTRIAL ESTATE, BARKING, IG11 0HZ
Incorporated 08/08/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43330
Floor and wall covering

Officers

Mr David John William Storey

director · Since 08/08/2017

DIRECTOR

BRITISH · UNITED KINGDOM · Age 38

Also on 4 other boards

Mr Billy Gardner

director · Since 12/02/2019

DIRECTOR

BRITISH · ENGLAND · Age 34

Also on 2 other boards

Persons with Significant Control

Mr David John William Storey

25–50% shares

British · United Kingdom · Age 38

Unit 4, Bankside Park Industrial Estate, Barking, IG11 0HZ

Notified 08/08/2017

Mr Billy Gardner

25–50% shares

British · England · Age 34

Unit 4, Bankside Park Industrial Estate, Barking, IG11 0HZ

Notified 31/08/2019

CompanyRankvs 562+ SIC 43330 peers
82

Financial strength97th percentile among SIC peers · 24/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.58× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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562Gridline Flooring Ltd
81
How is this score calculated?
Financial strength24/25 pts

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

Employees14/15 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.

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

£810k

Balance sheet strength

Cash

£168k

Cash in the bank

Net Current Assets

£834k

Working capital

Current Assets

£1.4M

Current Liabilities

£526k

Fixed Assets

£209k

Debtors

£1.2M

9avg. employees+9

Tax at Year End

Corp tax£100k

Balance Sheet

Assets less current liabilities£1.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.58+£71k
20232.54—

Derived from filed accounts. Not audited figures.