Company Overview
Sqc Plant Ltd is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Tuesday 17 March 2015, so this is a well established company. Sqc Plant Ltd has been in business for 11 years. The accounts status is total exemption full and the accounts are next due on Sunday 31 March 2024.
Registered Address

Workshop, Garthspool, Lerwick, Shetland, ZE1 0NY
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Companies House Data
Company NameSQC PLANT LTD
Company NumberSC500727
Registered Office AddressWorkshop
 Garthspool
 ZE1 0NY
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date17/03/2015
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/03/2024
Accounts Last Made Up Date31/03/2022
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date14/04/2017
Returns Last Made Up Date17/03/2016
Directors & Members
Show Resigned
David Black - Director
(Scottish, 52 years old, born December 1974)
Appointed 17 March 2015
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
David Black
SHETLAND QUALITY CONSTRUCTION LTD
Balance Sheet Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Balance Sheet
Fixed Assets 666,460 370,016 385,218
Current Assets 364,077 556,546 237,103
Creditors Due Within One Year 656,662 510,276 330,290
Working Cap -292,585 46,270 -93,187
Total Assets Less Current Liabilities 373,875 416,286 292,031
Long-term Liabilities 359,498 241,262 214,167
Net Assets 14,377 175,024 77,864
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 14,377 175,024 77,864
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Tangible Fixed Assets - - -
Fixed Assets 64.7% 39.9% 61.9%
Stocks Inventory - - -
Debtors 20.3% 51.4% 23.0%
Cash Bank In Hand 7.3% 0.0% 0.0%
Current Assets 35.3% 60.1% 38.1%
Creditors Due Within One Year 63.7% 55.1% 53.1%
Net Current Assets Liabilities -28.4% 5.0% -15.0%
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 1.4% 18.9% 12.5%
Capital Employed - - -
Total Assets Less Current Liabilities 36.3% 44.9% 46.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Liquidity Ratio 0.6 1.1 0.7
Solvency Ratio 1.0 1.2 1.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Assets 1,030,537 926,562 622,321
Debt 1,016,160 751,538 544,457
Net Assets/Debt 14,377 175,024 77,864
Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

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
Confirmation statement made on 17 March 2024 with no updates
Confirmation statement made on 17 March 2023 with no updates
Termination of appointment of Ivor John Smith as a director on 13 December 2022
Registration of charge SC5007270002, created on 26 November 2022
Satisfaction of charge SC5007270001 in full
Registered office address changed from 5 Fogralea Lerwick Shetland ZE1 0SE United Kingdom to Workshop Garthspool Lerwick Shetland ZE1 0NY on 5 August 2022
Appointment of Mr Ivor John Smith as a director on 17 March 2015
Termination of appointment of Ivor John Smith as a director on 22 April 2022
Confirmation statement made on 17 March 2022 with no updates
Registration of charge SC5007270001, created on 28 December 2021
Confirmation statement made on 17 March 2021 with no updates
Confirmation statement made on 17 March 2020 with no updates
Confirmation statement made on 17 March 2019 with no updates
Confirmation statement made on 17 March 2018 with no updates
Confirmation statement made on 17 March 2017 with updates
Annual return made up to 17 March 2016 with full list of shareholders
Incorporation
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