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Olex Drainage Ltd

15628058

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

2 FALLOWFIELD CLOSE, NEWTON ABBOT, TQ12 4EG
Incorporated 08/04/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

42210
Construction of utility projects for fluids

Officers

Mr Oliver Paul Avery

director · Since 08/04/2024

CIVIL ENGINEER

BRITISH · ENGLAND · Age 28

Mr Alex Benjamin Macdonald

director · Since 08/04/2024

CIVIL ENGINEER

BRITISH · ENGLAND · Age 31

Mr Bruce Macdonald

director · Since 14/05/2024

DIRECTOR

BRITISH · ENGLAND · Age 60

Persons with Significant Control

Mr Oliver Paul Avery

25–50% shares
25–50% votes
Appoint directors

British · England · Age 28

2, Fallowfield Close, Newton Abbot, TQ12 4EG

Notified 08/04/2024

Mr Alex Benjamin Macdonald

25–50% shares
25–50% votes
Appoint directors

British · England · Age 31

9, Wills Lane, Exeter, EX1 3LL

Notified 08/04/2024

CompanyRankvs 501+ SIC 42210 peers
48

Financial strength55th percentile among SIC peers · 14/25
Employees9th percentile among SIC peers · 1/15
LiquidityCurrent ratio 1.58× · 16/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength14/25 pts

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

Employees1/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity2/15 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 30/04/2025

Net Worth

£29k

Balance sheet strength

Cash

£33k

Cash in the bank

Net Current Assets

£19k

Working capital

Current Assets

£51k

Current Liabilities

£32k

Fixed Assets

£28k

Debtors

£19k

0avg. employees

Balance Sheet

Assets less current liabilities£47k

EstimatesDerived

YearCurrent Ratio
20251.58

Derived from filed accounts. Not audited figures.