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Errigal Sustainable Solutions Limited

13877122

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

ESTRA HOUSE, STREATHAM, SW16 6HW
Incorporated 27/01/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Cormac Michael Mccloskey

director · Since 06/06/2024

OPERATIONS DIRECTOR

IRISH · NORTHERN IRELAND · Age 53

Also on 10 other boards

Mr Damien Treanor

director · Since 06/06/2024

CHARTERED SURVEYOR

IRISH · IRELAND · Age 63

Persons with Significant Control

Errigal Contracts Group Limited

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

Ardginny, Killybrone, Co. Monaghan

Reg: 456665 · Republic Of Ireland · Private Company Limited By Shares

Notified 26/07/2022

Former PSCs

Brendan Treanor

Ceased 06/06/2024

Errigal Contracts Limited

Ceased 26/07/2022

David Phillip Millar

Ceased 06/06/2024

CompanyRankvs 69048+ SIC 41100 peers
36

Financial strength3th percentile among SIC peers · 1/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.58× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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69048Errigal Sustainable Solutions Limited
32
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.

Employees10/15 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.

Longevity4/15 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 31/12/2024

Net Worth

-£387k

Balance sheet strength

Cash

£29k

Cash in the bank

Net Current Assets

-£387k

Working capital

Current Assets

£532k

Current Liabilities

£919k

Debtors

£503k

2avg. employees+1

Balance Sheet

Assets less current liabilities-£387k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20240.58
20230.71

Derived from filed accounts. Not audited figures.