Back to search

Ionic Groundworks Ltd

12773217

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

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

Compliance

Accounts

Up to date

Confirmation statement

Up to date

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

CompanyRankvs 2137+ SIC 77320 peers
48

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
Show leaderboard
1Bullimores Sand And Gravel Limited
90
2Dawson Construction Plant Limited
90
3Marwood Group Limited
90
4K.J. Services Limited
90
5Lee Lifting Services Limited
90
6G & A M Lawson Limited
90
7Reynolds 2000 Limited
90
8Tone Group Limited
90
9London Tower Crane Hire & Sales Limited
90
10F B Taylor (Holdings) Limited
90
2137Ionic 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.

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+£91k
20221.05+£59k
20221.10+£66k
20211.03—

Derived from filed accounts. Not audited figures.