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Goring Power Ltd

13003823

active
Private Limited Company
england wales
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

EDISON HOUSE, SALFORD, M50 1DT
Incorporated 09/11/2020

Compliance

Last accounts

31/03/2025

full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 08/11/2025

Due 22/11/2026

On track

Industry

35110
Production of electricity
41100
Development of building projects

Officers

Mr Ian Andrew Gadsby

director · Since 10/02/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 25 other boards

Mr Paul Noland

director · Since 10/02/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 24 other boards

Mr Neil Andrew David Brooks

director · Since 24/02/2023

PROJECTS DIRECTOR

BRITISH · UNITED KINGDOM · Age 35

Also on 20 other boards

Persons with Significant Control

Ylem Flexible Power Limited

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

10, Exchange Quay, Salford Quays, M5 3EQ

Reg: 15503405 · Companies House · Private Company

Notified 20/09/2024

Former PSCs

Balance Power Projects Limited

Ceased 10/02/2023

Ylem Group Limited

Ceased 20/09/2024

Charges1 outstanding

Charge
outstanding

CLOSE LEASING LIMITED AS LENDER

Created 19/12/2024Registered 23/12/2024

CompanyRankvs 30350+ SIC 35110 peers
17

Financial strength5th percentile among SIC peers · 1/25
Employees22th percentile among SIC peers · 3/15
LiquidityCurrent ratio 1.3× · 12/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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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.

Employees3/15 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/03/2025

Turnover

£983k

Annual revenue

Net Worth

-£481k

Balance sheet strength

Cash

£36k

Cash in the bank

Profit Before Tax

-£475k

Bottom line earnings

Net Current Assets

£96k

Working capital

Current Assets

£416k

Current Liabilities

£320k

Fixed Assets

£4.8M

Debtors

£380k

Cost of Sales

£923k

Gross Profit

£60k

Admin Expenses

£37k

Operating Profit

£23k

Profit After Tax

-£356k

0avg. employees

Balance Sheet

Assets less current liabilities£4.9M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20251.30
20211.00

Derived from filed accounts. Not audited figures.