Groves & Associates Ltd
14257389
Some Concerns
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Mitchel Jack Groves
British · England · Age 29
Building 18, Gateway 1000, Whittle Way, Stevenage, SG1 2FP
Notified 26/07/2022
CompanyRankvs 23121+ SIC 68310 peers20
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). Going Concern The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. Tu
Key FinancialsYear ending 31/07/2025
Net Worth
-£16k
Balance sheet strength
Cash
£760
Cash in the bank
Net Current Assets
-£16k
Working capital
Current Assets
£2k
Current Liabilities
£17k
Debtors
£994
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.10 | -£4k |
| 2024 | 0.10 | -£1k |
Derived from filed accounts. Not audited figures.