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Ionic Groundworks Ltd

12773217

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
60 / 100

Some Concerns

30/30
Filing
10/30
Financial
20/40
Risk
  • Negative net worth (-10)
  • Active insolvency proceedings (-20)

Details

ORCHARD HOUSE, EXETER, EX5 1BR
Incorporated 28/07/2020

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 27/07/2025

Due 10/08/2026

On track

Industry

77320
Renting and leasing of construction and civil engineering machinery and equipment

Officers

Mr Gareth Christopher Hughes

director · Since 28/07/2020

DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 26 other boards

Mr Max William Simon Ashton

director · Since 23/03/2022

DIRECTOR

BRITISH · ENGLAND · Age 65

Also on 15 other boards

Persons with Significant Control

Tag Holdings Ltd

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

Orchard House, Clyst St. Mary, Exeter, EX5 1BR

Reg: 08674501 · Companies House · Limited Company

Notified 05/12/2023

Former PSCs

Tag Holdings Ltd

Ceased 23/03/2022

Mr Gareth Christopher Hughes

Ceased 24/07/2023

Harrington Homes (Sw) Limited

Ceased 05/12/2023

Mr Max Ashton

Ceased 24/07/2023

Copper Tree Group Limited

Ceased 24/07/2023

Tag Holdings Ltd

Ceased 24/07/2023

Insolvency History1 case

compulsory liquidation03/03/2026

The Official Receiver Or Exeter (practitioner)

CompanyRankvs 2106+ SIC 77320 peers
38

Financial strength2th percentile among SIC peers · 1/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.01× · 12/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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2106Ionic Groundworks Ltd
47
How is this score calculated?
Financial strength1/25 pts

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

Employees14/15 pts

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

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity6/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

-£148k

Balance sheet strength

Cash

£289k

Cash in the bank

Net Current Assets

£85k

Working capital

Current Assets

£12.5M

Current Liabilities

£12.4M

Fixed Assets

£189k

Debtors

£12.2M

23avg. employees+4

Balance Sheet

Assets less current liabilities£273k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
20251.01-£398k
20241.03—

Derived from filed accounts. Not audited figures.