Back to search

Asab Group Limited

11474478

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

C/O XEINADIN CORPORATE RECOVERY, MANCHESTER, M2 3BD
Incorporated 20/07/2018

Compliance

Last accounts

31/12/2021

total exemption full

Accounts

Up to date

Confirmation statement

Last: 06/06/2022

Due

On track

Industry

09100
Support activities for petroleum and natural gas extraction

Officers

Mr Mark Laurence Howard

director · Since 20/07/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 5 other boards

Mr Philip Andrew Carney

director · Since 25/11/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Also on 2 other boards

Mr Robert Speirs

director · Since 25/11/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 71

Also on 3 other boards

Persons with Significant Control

Asab Oil Limited

75–100% votes

The Old Courthouse, Athol Street, Douglas, IM1 1LD

Notified 20/07/2018

Insolvency History1 case

creditors voluntary liquidation06/12/2022

Alan David Fallows (practitioner) · Alessandro Sidoli (practitioner) · Peter James Anderson (practitioner)

CompanyRankvs 15+ SIC 09100 peers
33

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 82.62× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
Show leaderboard
1National Oilwell Varco Uk Limited
90
2Tam International North Sea Limited
90
3Press Leakage Control Services Limited
90
4Core Laboratories (U.K.) Limited
90
5Antech Limited
90
6Petrostrat Limited
90
7Cokebusters Limited
90
8Limar Oil Tools (Uk) Limited
90
9Igs (International Geoscience Services) Limited
90
10Contracts Consultancy Limited
89
How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 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.

Longevity8/15 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.

Risk deductions

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/12/2021

Net Worth

-£939k

Balance sheet strength

Cash

£32k

Cash in the bank

Net Current Assets

£459k

Working capital

Current Assets

£465k

Current Liabilities

£6k

Fixed Assets

£197k

Debtors

£433k

2avg. employees

Balance Sheet

Intangible assets£197k
Assets less current liabilities£657k
Signed by Mr P A Carney 18 May 2022Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
202182.62

Derived from filed accounts. Not audited figures.