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Timmins Engineering And Construction Limited

12050500

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

INNOVATION WORKS CAENBY HALL BUSINESS PARK, MARKET RASEN, LN8 2BU
Incorporated 14/06/2019

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 13/06/2025

Due 27/06/2026

On track

Industry

42990
Construction of other civil engineering projects

Officers

Donna Catherine Timmins

secretary · Since 14/06/2019

Mr David Handsley Starling

director · Since 14/06/2019

DIRECTOR

BRITISH · ENGLAND · Age 40

Also on 3 other boards

Mr Edward Arthur Timmins

director · Since 14/06/2019

AGRICULTURAL ENGINEER

BRITISH · ENGLAND · Age 51

Also on 3 other boards

Persons with Significant Control

Innovation Works (Lincs.) Ltd

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

Innovation Works, Caenby Hall Business Park, Market Rasen, LN8 2BU

Reg: 08118818 · Companies House · Company Limited By Shares

Notified 10/06/2022

Charges1 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 15/09/2020Registered 21/09/2020

CompanyRankvs 2533+ SIC 42990 peers
66

Financial strength91th percentile among SIC peers · 23/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.88× · 16/20
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 strength23/25 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.

Liquidity16/20 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 31/12/2023

Net Worth

£785k

Balance sheet strength

Cash

£412k

Cash in the bank

Net Current Assets

£744k

Working capital

Current Assets

£1.6M

Current Liabilities

£847k

Fixed Assets

£143k

Debtors

£944k

33avg. employees+2

Balance Sheet

Assets less current liabilities£887k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20231.88+£185k
20221.65+£182k
20211.64

Derived from filed accounts. Not audited figures.