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Iwade Construction Limited

11655805

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

PRESTONS, UNIT 5 BOWES BUSINESS PARK WROTHAM ROAD, GRAVESEND, DA13 0QB
Incorporated 02/11/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41202
Construction of domestic buildings
68209
Other letting and operating of own or leased real estate

Officers

Mr Darren George

director · Since 02/11/2018

OFFSHORE WORKER

BRITISH · ENGLAND · Age 45

Persons with Significant Control

Mr Darren George

50–75% shares
50–75% votes
Appoint directors

British · England · Age 45

9 Queens Road, Minster, Sheppey, ME12 2HF

Notified 02/11/2018

CompanyRankvs 59505+ SIC 41202 peers
30

Financial strength1th percentile among SIC peers · 0/25
Employees33th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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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.

Employees5/15 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.

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

Key FinancialsYear ending 30/11/2024

Net Worth

-£363k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£1.7M

Working capital

Current Assets

£2k

Current Liabilities

£1.7M

Fixed Assets

£1.7M

1avg. employees

Tax at Year End

VAT£754

Director Loans

Company owes directors£1.7M

Balance Sheet

Assets less current liabilities-£60k
Signed by Mr Darren George 28/03/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.00-£4k£15k
20230.00+£10k£15k
20220.01+£28k£46k
20210.00£8k

Derived from filed accounts. Not audited figures.