{"name":"DRENAGH FARMS LIMITED","company_number":"NI004536","status":"Active","type":"Private Limited Company","incorporated":"1960-04-06","dissolved":null,"registered_office":"Estate Office, Drenagh, Limavady, County Londonderry, Northern Ireland, BT49 0HP","postcode":"BT49 0HP","sic_codes":[{"code":96090,"description":"Other service activities not elsewhere classified"}],"principal_activity":null,"previous_names":[],"warnings":["This company is in liquidation."],"accounts":{"category":"Total Exemption Full","year_end":"30 July","last_made_up_to":"2025-07-30","next_due":"2027-04-30"},"employees":{"count":1,"accounts_date":"2025-07-30"},"financials":[{"financial_date":"2025-07-30","net_assets":3384184,"cash":13671,"average_employees":1},{"financial_date":"2024-07-30","net_assets":2529406,"average_employees":1},{"financial_date":"2023-07-30","net_assets":2473811},{"financial_date":"2022-07-30","net_assets":2423017},{"financial_date":"2021-07-30","net_assets":2379548,"cash":14400}],"officers":{"current":2,"resigned":8,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":20,"outstanding":8},"gazette_notices":[{"date":"2015-08-10","kind":"insolvency"},{"date":"2015-04-20","kind":"insolvency"},{"date":"2014-04-07","kind":"insolvency"}],"insolvency_outcome":{"active_today":true,"filings":[]},"ai_summary":"DRENAGH FARMS LIMITED must be declined for credit facilities due to its current liquidation status, which presents an absolute barrier to lending. Even absent liquidation, the financial profile is concerning: persistent negative working capital of £49,623, negligible cash reserves of £13,671, and a current ratio of 0.44x indicate the entity cannot meet short-term obligations from liquid assets. While net assets of £3.4M appear substantial, approximately £3M is tied up in freehold property (recently revalued upward by £744k) with all assets subject to existing bank security, leaving no unencumbered collateral. The company appears to be a minimal-activity property-holding vehicle with inadequate cash generation to support additional debt service.","website":"https://drenagh.com/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/drenagh-farms","people":"https://www.companiesintheuk.co.uk/company/drenagh-farms/people","filing_history":"https://www.companiesintheuk.co.uk/company/drenagh-farms/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/NI004536","financials":"https://www.companiesintheuk.co.uk/company/drenagh-farms/financial","gazette":"https://www.companiesintheuk.co.uk/company/drenagh-farms/gazette","control":"https://www.companiesintheuk.co.uk/company/drenagh-farms/control","charges":"https://www.companiesintheuk.co.uk/company/drenagh-farms/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/drenagh-farms/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/drenagh-farms"}