ELLIOTT GROUND SOURCE DRILLING SERVICES LIMITED

C/O CONNECT INSOLVENCY LIMITED 30/32 ASTON HOUSE, REDBURN ROAD WESTERHOPE, NEWCASTLE UPON TYNE, NE5 1NB

Company Number: 10685870
Incorporation date: 23-Mar-2017
Status: Liquidation
Entity type: Private Limited Company

SIC codes:
08990 Other mining and quarrying not elsewhere classified





SUMMARY

This company is 7.3 years old and is currently liquidation. It is controlled by Mr Kenneth Robert Elliott. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -343.7 thousand which has worsened since the previous year's figure of GBP -262.4 thousand. Although the P&L is not published, we can infer from the Balance Sheet that Net Loss was GBP 81.3 thousand in the last reported period. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -343.8 thousand), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 1 active officers (directors or partners) who are or were officers of 1 other company. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2022
Accounts Filed: UNAUDITED ABRIDGED (31-Mar-2021)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
No P&L data available


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2021 GBP 21,000 632,877 1,043,286 168,510 100 -343,814 -343,714
31-Mar-2020 GBP 1,627 514,896 803,488 124,437 100 -262,513 -262,413
31-Mar-2019 GBP 193 241,835 477,034 157,684 100 -241,943 -241,843
31-Mar-2018 GBP 3,695 253,349 326,188 15,753 100 -56,222 -56,122

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
No information on secretary appointments

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Kenneth Robert ELLIOTT 23 Mar 2017 Director British 1 - 12 (100.0%)
Number of active directors: 1
Average tenure of active directors: 7.3 years
Average tenure of resigned directors: no resignations yet
Average active director Dissolution Rate: 100.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
MAGPIE ENVIRONMENTAL DRILLING SERVICES LIMITED (04028522) - Liquidation
ELLIOTT GROUND SOURCE DRILLING SERVICES LIMITED (10685870) - Liquidation

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

ELLIOTT GROUND SOURCE DRILLING SERVICES LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 08990 Other mining and quarrying not elsewhere classified)

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ANGLO AMERICAN PLC 17 CHARTERHOUSE STREET, LONDON, UNITED KINGDOM, EC1N 6RA 03564138 0000-00-00 0 0
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VEDANTA RESOURCES LIMITED 13TH FLOOR, ONE ANGEL COURT, LONDON, UNITED KINGDOM, EC2R 7HJ 04740415 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Liquidation. Statistically, such companies have a VERY HIGH probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
Company status 100.0% 99.4% 99.9% High
Other companies Active in the same sector Too few competitors
Age 0.6% 2.5% 4.9% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.6% 2.5% 4.5% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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