HG CONSTRUCTION LIMITED
Company number 01617719 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Risk Rating: MEDIUM
The company is active with a long operating history and no filing defaults, but the absence of financial statement data prevents a definitive assessment of solvency or liquidity.
Key Concerns
1. No Financial Data Provided: Without balance sheet or profit/loss figures, it is impossible to evaluate working capital, debt levels, or profitability. Investors cannot assess whether the company can meet its short-term obligations or maintain positive net assets.
2. Group Structure Dependency: The sole PSC is Hg Construction (Holdings) Limited, which holds over 75% of shares and voting rights. This creates potential intercompany risk – the financial health of the subsidiary is tied to the parent’s ability to support it, but no information on the parent’s position is available.
3. Unusual Accounts Due Date: The next accounts due date is noted as 30 September 2027, which is more than nine months after the last made-up date of 31 December 2025. While not marked as overdue, this deviation from the standard filing timeline warrants clarification to confirm no special extension or compliance issue.
Positive Indicators
- Established Operation: Incorporated in 1982, the company has over 40 years of continuous activity, suggesting market stability and institutional knowledge.
- Timely Filing Compliance: Both accounts and confirmation statements are reported as not overdue, indicating that administrative obligations are being met.
- Experienced Management Team: Six current directors, including individuals with significant control (name shown to subscribers and name shown to subscribers), provide a broad oversight structure. No director disqualification records are noted.
Due Diligence Notes
- Request the latest full accounts (including group accounts) to review turnover, net assets, current liabilities, and cash position.
- Examine the nature and extent of intra-group transactions and guarantees with Hg Construction (Holdings) Limited.
- Verify the rationale for the extended accounts due period (2027 vs. typical 2026) and confirm no late filing penalties have been incurred.
- Investigate the business’s recent order book and project pipeline, given the cyclical nature of construction.