Company Overview
Gola Wood Works Ltd is listed at the official companies registry as In Administration Private Limited Company. The company was incorporated on Thursday 24 April 2008, so this is a well established company. Gola Wood Works Ltd has been in business for 17 years and 11 months. The accounts status is unaudited abridged and the accounts are next due on Wednesday 31 May 2023.
Registered Address

Kpmg The Soloist Building, 1 Lanyon Place, Belfast, BT1 3LP
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Companies House Data
Company NameGOLA WOOD WORKS LTD
Company NumberNI069045
Registered Office AddressKpmg The Soloist Building
 1 Lanyon Place
 BT1 3LP
Company CategoryPrivate Limited Company
Company StatusIn Administration
Country of OriginUnited Kingdom
Incorporation Date24/04/2008
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date31/05/2023
Accounts Last Made Up Date31/05/2021
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date22/05/2017
Returns Last Made Up Date24/04/2016
Previous Company NameChanged Date
R & S SCULLION LTD21 Jun 2017
CCCP (NI) LTD02 Oct 2012
Directors & Members
Sarah Scullion - Director
(Irish, 52 years old, born October 1974)
Appointed 24 April 2008
 Active
Rory Scullion - Director
(Northern Irish, 62 years old, born December 1964)
Appointed 24 April 2008
 Active
Secretaries
Show Resigned
Sarah Scullion - Secretary
(Irish)
Appointed 24 April 2008
 Active
Other Company Directorships
Sarah Scullion
INFOWING LLP
Rory Scullion
GLIDING DOORS LTD
INFOWING (NI) LTD
INFOWING LLP
INNOVATIVE FURNITURE LTD
REDDINGTON JORDAN LIMITED
SLIDEROBES GROUP LIMITED
ST PATRICK'S GOLF CLUB, DOWNPATRICK LTD.
Balance Sheet Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Balance Sheet
Fixed Assets 627,690 656,450 666,875
Current Assets 1,441,328 1,096,532 928,319
Creditors Due Within One Year 1,502,437 749,480 764,995
Working Cap -61,109 347,052 163,324
Total Assets Less Current Liabilities 566,581 1,003,502 830,199
Long-term Liabilities 889,146 892,893 471,836
Net Assets -322,565 110,609 358,363
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -322,565 110,609 358,363
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Tangible Fixed Assets - - -
Fixed Assets 30.3% 37.4% 41.8%
Stocks Inventory - - -
Debtors 21.8% 18.6% 35.9%
Cash Bank In Hand 0.0% 7.4% -
Current Assets 69.7% 62.6% 58.2%
Creditors Due Within One Year 72.6% 42.8% 48.0%
Net Current Assets Liabilities -3.0% 19.8% 10.2%
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 -15.6% 6.3% 22.5%
Capital Employed - - -
Total Assets Less Current Liabilities 27.4% 57.2% 52.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Liquidity Ratio 1.0 1.5 1.2
Solvency Ratio 0.9 1.1 1.3
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 3
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2021 31-May-2020 31-May-2019
Assets 2,069,018 1,752,982 1,595,194
Debt 2,391,583 1,642,373 1,236,831
Net Assets/Debt -322,565 110,609 358,363
As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. 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 In Administration.

Unlock full report  As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. 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 In Administration.  As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. 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 In Administration.

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
Appointment of a liquidator
Notice of move from Administration to Creditors Voluntary Liquidation
Administrator's progress report to 18 April 2025
Administrator's progress report to 18 October 2024
Notice of extension of period of Administration
Administrator's progress report to 18 April 2024
Notice of extension of period of Administration
Administrator's progress report to 18 October 2023
Notice of deemed approval of proposals
Statement of Administrator's proposal
Registered office address changed from Marlborough House Victoria Street Belfast BT1 3GG Northern Ireland to Kpmg the Soloist Building 1 Lanyon Place Belfast BT1 3LP on 26 April 2023
Appointment of an administrator
Registered office address changed from 75 Castleward Road Downpatrick Down BT30 7JU Northern Ireland to Marlborough House Victoria Street Belfast BT1 3GG on 31 March 2023
Confirmation statement made on 12 December 2022 with updates
Confirmation statement made on 12 December 2021 with no updates
Confirmation statement made on 12 December 2020 with no updates
Registered office address changed from Frankville Quoile Brae Downpatrick County Down BT30 6SD to 75 Castleward Road Downpatrick Down BT30 7JU on 12 November 2020
Registration of charge NI0690450004, created on 1 October 2020
Confirmation statement made on 12 December 2019 with updates
Registration of charge NI0690450003, created on 17 July 2019
Satisfaction of charge NI0690450002 in full
Confirmation statement made on 12 December 2018 with updates
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