Company Overview
Drainfast Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 22 January 2010, so this is a well established company. Drainfast Limited has been in business for 16 years and 2 months. The accounts status is full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Wey Court West, Union Road, Farnham, Surrey, GU9 7PT
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Companies House Data
Company NameDRAINFAST LIMITED
Company Number07133601
Registered Office AddressWey Court West
 Union Road
 GU9 7PT
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date22/01/2010
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryFULL
Returns Next Due Date19/02/2017
Returns Last Made Up Date22/01/2016
Previous Company NameChanged Date
FORMATIONS TWELVE LIMITED13 Oct 2010
Directors & Members
Show Resigned
Trevor James - Director
(British, 45 years old, born March 1981)
Appointed 05 October 2010
 Active
Peter James - Director
(British, 47 years old, born June 1979)
Appointed 04 October 2010
 Active
Nigel James - Director
(British, 40 years old, born April 1986)
Appointed 11 April 2011
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Trevor James
FROST DRAINAGE LTD
VISION CIVILS SYSTEMS LTD
Peter James
BLUEJAY SOLUTIONS LTD
FROST DRAINAGE LTD
SITESTAK LIMITED
VISION CIVILS SYSTEMS LTD
Nigel James
FROST DRAINAGE LTD
VISION CIVILS SYSTEMS LTD
ZAPP UK TRADING LTD
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 1,422,634 1,422,634 791,229
Current Assets 6,164,193 6,164,193 6,392,402
Creditors Due Within One Year 3,553,320 3,553,320 4,398,125
Working Cap 2,610,873 2,610,873 1,994,277
Total Assets Less Current Liabilities 4,033,507 4,033,507 2,785,506
Long-term Liabilities 376,470 376,470 240,689
Net Assets 3,657,037 3,657,037 2,544,817
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 3,657,037 3,657,037 2,544,817
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 18.8% 18.8% 11.0%
Stocks Inventory - - -
Debtors 48.3% 48.3% 54.0%
Cash Bank In Hand 2.7% 2.7% 9.1%
Current Assets 81.2% 81.2% 89.0%
Creditors Due Within One Year 46.8% 46.8% 61.2%
Net Current Assets Liabilities 34.4% 34.4% 27.8%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 48.2% 48.2% 35.4%
Capital Employed - - -
Total Assets Less Current Liabilities 53.2% 53.2% 38.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 1.7 1.7 1.5
Solvency Ratio 1.9 1.9 1.5
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 5
Mortgages Outstanding 4
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 7,586,827 7,586,827 7,183,631
Debt 3,929,790 3,929,790 4,638,814
Net Assets/Debt 3,657,037 3,657,037 2,544,817

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Registered office address changed from Wey Court West Union Road Farnham Surrey GU9 7PT to Vision Park Selborne Road Alton Hampshire GU34 3HL on 13 February 2026
Satisfaction of charge 071336010003 in full
Confirmation statement made on 22 January 2026 with updates
Termination of appointment of Timothy George James as a director on 31 December 2024
Confirmation statement made on 22 January 2025 with updates
Director's details changed for Timothy George James on 14 November 2024
Director's details changed for Mr Trevor James on 1 August 2024
Director's details changed for Mr Trevor James on 1 May 2024
Registration of charge 071336010005, created on 29 January 2024
Confirmation statement made on 22 January 2024 with updates
Confirmation statement made on 22 January 2023 with no updates
Confirmation statement made on 22 January 2022 with no updates
Confirmation statement made on 22 January 2021 with no updates
Confirmation statement made on 22 January 2020 with no updates
Confirmation statement made on 22 January 2019 with no updates
Satisfaction of charge 071336010001 in full
Registration of charge 071336010004, created on 10 September 2018
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