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Asgard Hi-Tech Solutions Limited

13382028

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

4 MARKET DOCK, SOUTH SHIELDS, NE33 1LE
Incorporated 07/05/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71121
Engineering design activities for industrial process and production
71122
Engineering related scientific and technical consulting activities
74909
Other professional, scientific and technical activities

Officers

Mr John Comerford

director · Since 07/05/2021

DIRECTOR

IRISH · IRELAND · Age 57

Mr Michael John Mcdonald

director · Since 23/09/2022

COMMERCIAL DIRECTOR

BRITISH · SCOTLAND · Age 54

Mr James Joseph Byrne

director · Since 24/10/2022

MANAGING DIRECTOR

IRISH · IRELAND · Age 45

Mr James Kieran Blaney

director · Since 01/08/2023

DIRECTOR

IRISH · IRELAND · Age 55

Mr Declan Larkin

secretary · Since 27/03/2024

Persons with Significant Control

Mr John Comerford

50–75% shares
50–75% votes

Irish · Ireland · Age 57

Unit E, Sark Business Park, Purcellsinch Industrial Estate

Notified 07/05/2021

CompanyRankvs 1215+ SIC 71121 peers
62

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.22× · 12/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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.

Longevity5/15 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

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 31/12/2024

Turnover

£43.5M

Annual revenue

Net Worth

£2.2M

Balance sheet strength

Cash

£3.0M

Cash in the bank

Profit Before Tax

£1.3M

Bottom line earnings

Net Current Assets

£1.7M

Working capital

Current Assets

£9.2M

Current Liabilities

£7.5M

Fixed Assets

£586k

Debtors

£6.2M

Cost of Sales

£38.0M

Gross Profit

£5.5M

Admin Expenses

£4.2M

Operating Profit

£1.3M

Profit After Tax

£1.3M

38avg. employees+12

Tax at Year End

Corp tax£13k

People Costs

Wages & salaries£2.4M
NI contributions£253k

Balance Sheet

Intangible assets£67k
Assets less current liabilities£2.2M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20241.22+£1.3M
20231.03

Derived from filed accounts. Not audited figures.