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Dragonfly Insulation Ltd

12026868

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

5 DUKESWAY, PRUDHOE, NE42 6PQ
Incorporated 31/05/2019

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 30/05/2025

Due 13/06/2026

On track

Industry

20130
Manufacture of other inorganic basic chemicals
23430
Manufacture of ceramic insulators and insulating fittings
23490
Manufacture of other ceramic products
23990
Manufacture of other non-metallic mineral products

Officers

Dr Xiao Han

director · Since 31/05/2019

SCIENTIST

BRITISH · UNITED KINGDOM · Age 38

Also on 2 other boards

Mr John Martin Baines

director · Since 06/11/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Also on 1 other board

Persons with Significant Control

Innovation Gp Limited

25–50% shares
25–50% votes

5th Floor Maybrook House, 27-35 Grainger Street, Newcastle Upon Tyne, NE1 5JE

Reg: 10428104 · England And Wales · Private Limited Company

Notified 17/11/2023

Former PSCs

Dr Lidija Siller

Ceased 15/01/2021

Dr Xiao Han

Ceased 15/01/2021

Charges1 outstanding

Charge
outstanding

INNOVATE UK LOANS LIMITED

Created 02/04/2025Registered 02/04/2025

CompanyRankvs 710+ SIC 20130 peers
53

Financial strength40th percentile among SIC peers · 10/25
Employees72th percentile among SIC peers · 11/15
LiquidityCurrent ratio 2.42× · 20/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength10/25 pts

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

Employees11/15 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.

Longevity7/15 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 31/12/2024

Net Worth

£2k

Balance sheet strength

Cash

£10k

Cash in the bank

Net Current Assets

£87k

Working capital

Current Assets

£149k

Current Liabilities

£62k

Fixed Assets

£345k

Debtors

£139k

5avg. employees+2

Balance Sheet

Intangible assets£58k
Assets less current liabilities£433k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.42+£0
202323.62+£773
202221.71+£338

Derived from filed accounts. Not audited figures.