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Gearserv Limited

13032683

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

5 CONCEPT COURT, YORK, YO30 4XF
Incorporated 19/11/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Scott Douglas Edmondson

director · Since 19/11/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Also on 2 other boards

Christian Dunne

director · Since 28/03/2022

DIRECTOR

BRITISH · ENGLAND · Age 31

Also on 1 other board

Mr Daniel Litherland

director · Since 28/03/2022

DIRECTOR

ENGLISH · ENGLAND · Age 43

Persons with Significant Control

Rigworks Engineering Ltd

25–50% shares
ownership-of-shares-25-to-50-percent-as-trust
25–50% votes

5, Concept Court, York, YO30 4XF

Notified 25/10/2021

Gearworx Limited

25–50% shares
25–50% votes

1, Brassey Road, Shrewsbury, SY3 7FA

Notified 03/02/2022

C D Investment Holdings Ltd

25–50% shares
25–50% votes

1, Brassey Road, Shrewsbury, SY3 7FA

Reg: 13272752 · England And Wales · Private Limited Company

Notified 03/02/2022

Former PSCs

Rigworks Engineering Ltd

Ceased 19/11/2020

CompanyRankvs 9989+ SIC 71129 peers
62

Financial strength84th percentile among SIC peers · 21/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.86× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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9989Gearserv Limited
57
How is this score calculated?
Financial strength21/25 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.

Liquidity6/20 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 30/11/2024

Net Worth

£92k

Balance sheet strength

Cash

£162k

Cash in the bank

Net Current Assets

-£70k

Working capital

Current Assets

£444k

Current Liabilities

£514k

Fixed Assets

£201k

Debtors

£162k

6avg. employees

Balance Sheet

Assets less current liabilities£131k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.86-£20k
20230.99+£21k
20220.98-£59k
20211.59—

Derived from filed accounts. Not audited figures.