T G Tunnelling (Holdings) Limited
11244029
Some Concerns
- Confirmation statement overdue (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/10/2024
group
Next accounts due
31/07/2026
Confirmation statement
Last: 23/05/2025
Due 06/06/2026
Industry
Officers
Mrs Norah Gallagher
director · Since 09/03/2018
DIRECTOR
IRISH · UNITED KINGDOM · Age 78
secretary · Since 09/03/2018
Persons with Significant Control
Mr Thomas Gallagher
Irish · England · Age 46
2, Athenaeum Road, London, N20 9AE
Notified 04/05/2021
Former PSCs
Mrs Norah Patricia Gallagher
Ceased 20/11/2025
Mr Thomas Gallagher
Ceased 20/11/2025
Change History
Active
Private Limited Company
2 ATHENAEUM ROAD
LONDON
CompanyRankvs 73615+ SIC 82990 peers43
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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.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concer
Key FinancialsYear ending 31/10/2025
Net Worth
£14.1M
Balance sheet strength
Cash
£9.3M
Cash in the bank
Profit Before Tax
-£645k
Bottom line earnings
Net Current Assets
£52k
Working capital
Current Assets
—
Current Liabilities
£4.7M
Fixed Assets
£6k
Debtors
£14.3M
Cost of Sales
£105.3M
Admin Expenses
£2.8M
Profit After Tax
-£414k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | — | -£2.9M |
| 2024 | 1.01 | — |
Derived from filed accounts. Not audited figures.