South Rings Energy Ltd
11140892
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 04/01/2026
Due 18/01/2027
Industry
Officers
secretary · Since 16/06/2023
Persons with Significant Control
Mr Micheal Joseph Penman
British · England · Age 44
26-27, Dollywaggon Way, Preston, PR5 6EW
Notified 31/03/2021
Former PSCs
Mr Steven Anthony Penman
Ceased 31/03/2021
CompanyRankvs 1285+ SIC 43220 peers83
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/03/2025
Net Worth
£3.3M
Balance sheet strength
Cash
£105k
Cash in the bank
Net Current Assets
£3.2M
Working capital
Current Assets
£3.7M
Current Liabilities
£520k
Fixed Assets
£146k
Debtors
£2.6M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 7.21 | -£154k |
| 2024 | 5.92 | +£443k |
| 2023 | 5.65 | +£1.2M |
| 2022 | 3.91 | +£1.6M |
| 2021 | 2.00 | +£100k |
| 2020 | 1.36 | — |
| 2019 | 0.98 | — |
Derived from filed accounts. Not audited figures.