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Galvac Limited

11538813

active
Private Limited Company
Companies House
Health Score
77 / 100

Some Concerns

25/30
Filing
20/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • 4 outstanding charges (-8)

Details

KENNEDY HOUSE, SALFORD, M6 6WY
Incorporated 28/08/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43120
Site preparation

Officers

Mr Sean Patrick Quinn

director · Since 18/04/2024

BUILDER

BRITISH · ENGLAND · Age 52

Also on 8 other boards

Persons with Significant Control

Snc Holdings (Nw) Limited

75–100% shares
75–100% votes
Appoint directors

Unit 8, Sankey Valley Industrial Estate, Newton-Le-Willows, WA12 8DN

Reg: 08443494 · England And Wales · Limited Company

Notified 18/04/2024

Former PSCs

Mr Peter O'Connor

Ceased 18/04/2024

Ms Christine O'Connor

Ceased 18/04/2024

Charges4 outstanding

Charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LTD

Created 18/04/2024Registered 01/05/2024
Charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LTD

Created 18/04/2024Registered 01/05/2024
Charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LIMITED

Created 18/04/2024Registered 19/04/2024
Charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LIMITED

Created 18/04/2024Registered 19/04/2024
Charge
satisfied

SME INVOICE FINANCE LIMITED

Created 18/02/2021Registered 02/03/2021Satisfied 18/04/2024
Charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED (AS SECURITY TRUSTEE)

Created 24/10/2018Registered 24/10/2018Satisfied 22/02/2021

CompanyRankvs 1115+ SIC 43120 peers
54

Financial strength95th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.44× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1115Galvac Limited
63
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.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2023

Net Worth

£1.2M

Balance sheet strength

Cash

£164k

Cash in the bank

Net Current Assets

-£1000k

Working capital

Current Assets

£797k

Current Liabilities

£1.8M

Fixed Assets

£4.3M

Debtors

£542k

25avg. employees-1

Balance Sheet

Assets less current liabilities£3.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20230.44+£193k
20220.47+£472k
20210.43+£351k
20200.48+£144k
20190.40—

Derived from filed accounts. Not audited figures.