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Herring Farms Limited

12148408

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

HIGHFIELD FARM OTBY LANE, MARKET RASEN, LN8 3UU
Incorporated 09/08/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

01110
Growing of cereals (except rice), leguminous crops and oil seeds

Officers

Mr Simon David Herring

director · Since 09/08/2019

DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 2 other boards

Mrs Clare Louise Herring

director · Since 18/06/2025

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 1 other board

Persons with Significant Control

Mr Simon David Herring

75–100% shares
75–100% votes

British · England · Age 61

Highfields Farm, Otby Lane, Market Rasen, LN8 3UU

Notified 09/08/2019

CompanyRankvs 3201+ SIC 01110 peers
32

Financial strength1th percentile among SIC peers · 0/25
Employees56th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity7 years trading (max 15) · 7/15
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.

Employees8/15 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.

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.

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

Key FinancialsYear ending 31/01/2025

Net Worth

-£275k

Balance sheet strength

Cash

£46k

Cash in the bank

Net Current Assets

-£7.1M

Working capital

Current Assets

£375k

Current Liabilities

£7.4M

Fixed Assets

£6.8M

Debtors

£157k

3avg. employees+1

Director Loans

Company owes directors£6.6M

Balance Sheet

Intangible assets£8k
Assets less current liabilities-£275k
Prepared with Sage Accounts Production Advanced 2025 - FRS102_2025

EstimatesDerived

YearCurrent RatioImplied Profit
20250.05+£21k
20240.04-£77k
20230.04-£62k
20220.05-£124k
20210.03

Derived from filed accounts. Not audited figures.