Granite Midco Limited
11283110
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 15/06/2018
DIRECTOR
BRITISH · UNITED KINGDOM · Age 48
Also on 2 other boards
director · Since 12/06/2020
CFO
BRITISH · ENGLAND · Age 48
Also on 8 other boards
Persons with Significant Control
Kernel Limited
125, London Wall, London, EC2Y 5AS
Reg: 11283183 · Companies House · Private Company Limited By Shares
Notified 11/06/2018
Former PSCs
Inhoco Formations Limited
Ceased 11/06/2018
Charges2 outstanding
HSBC UK BANK PLC AS SECURITY AGENT
TH SCIURUS S.A R.L.
OAKNORTH BANK PLC
OAKNORTH BANK PLC (AS SECURITY TRUSTEE)
CompanyRankvs 237830+ SIC 78109 peers11
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 c
Key FinancialsYear ending 31/12/2023
Net Worth
-£4.7M
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
-£248k
Bottom line earnings
Net Current Assets
-£4.7M
Working capital
Current Assets
£13.1M
Current Liabilities
£17.8M
Fixed Assets
£1
Debtors
£13.1M
Profit After Tax
-£849k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 0.74 |
Derived from filed accounts. Not audited figures.