DONELLON CONTRACTORS LIMITED
Company number 14295884 · Monitor this company
The annual accounts for this company are overdue.
Executive summary
Donellon Contractors Limited pursued an aggressive growth strategy in its second year, expanding fixed assets by over £630,000 to compete in the site preparation sector, but this expansion was financed predominantly through debt rather than retained earnings, resulting in a dangerously thin liquidity position with just £10,179 in cash against £607,386 in current liabilities. The company's financial profile—a current ratio of 0.85:1, gearing of 5.24:1, and 97.9% debtor concentration—falls materially below sector benchmarks across all key metrics, and the company's liquidation status suggests this capital structure proved unsustainable. While the business appeared profitable based on deferred tax provisions, the gap between contract valuations and cash realisation exemplifies the working capital trap that frequently claims over-leveraged subcontractors in the UK construction sector.
Shareholders' funds
£115,745
Balance sheet as at 2024-09-30
Overview
- Company type
- Private Limited Company
- Incorporated
- 2022-08-15
- Registered office
- Suite 1, The Old Courtyard 103 Buxton Road, High Lane, Stockport, Cheshire, England, SK6 8DX
- Postcode
- SK6 8DX
- Accounts category
- Total Exemption Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2024-09-30
- Next due by
- 2026-06-30 Overdue
- Financial year end
- 30 September
Confirmation statement
- Last statement dated
- 2025-08-14
- Next due by
- 2026-08-28
Nature of business (SIC)
- 43120 Site preparation
Officers 1 current
Businesses that transport or deal in waste must register with the Environment Agency. You can check this company on the official register of waste carriers, brokers and dealers.