IONIC GROUNDWORKS LTD
Company number 12773217 · Liquidation · Cardiff CF14 8LH
IONIC GROUNDWORKS LTD is a liquidation private limited company (company number 12773217) incorporated on 28 July 2020, registered in Cardiff. Its registered activity is renting and leasing of construction and civil engineering machinery and equipment (SIC 77320). Latest small accounts cover the period ending 31 March 2025, showing net assets of −£148k and cash of £289k, with 23 employees on average. Net assets fell 159% on the prior period (£251k).
By net assets it sits in the bottom quarter of 65 comparable companies in Cardiff (median £100, upper quartile £60k).
Key dates
- Incorporated
- 28 July 2020
- Next accounts due
- 31 December 2026 — in 70 days
- Confirmation statement due
- 11 August 2027 — in 293 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
Activity
- SIC 77320
- Renting and leasing of construction and civil engineering machinery and equipment
- Accounts type
- Total Exemption Full
- Size band
- Micro (Companies Act thresholds)
Financials — 2 periods on record, latest ending 31 March 2025
| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 March 2025 | −£148k | £289k | £12.21m | £12.41m | — | — | 23 |
| 31 March 2024 | £251k | £3,282 | £8.79m | £8.52m | — | — | 19 |
- Current ratio
- 1.01
- Cash per employee
- £13k
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
Firmoscan score: 14/100 (grade E)
- -15 Negative net assets — Net assets £-147,740 at 2025-03-31
- -8 Net assets falling — -159.0% vs prior period
- +4 Cash reserves — Cash £289,264
- +8 Established — Incorporated 2020-07-28 (6 years)
- -25 Status not Active — Liquidation
A transparent, rules-based score from filed data only: every point lists its evidence. It is not a credit rating or advice.
Ownership and control
- Tag Holdings Ltd (corporate entity, England) — owns 50–75% of shares; holds 50–75% of voting rights; can appoint or remove directors · since 5 December 2023
- Tag Holdings Ltd (corporate entity, England) — has significant influence or control · since 28 July 2020 · ceased 23 March 2022
- Copper Tree Group Limited (corporate entity, England) — has significant influence or control · since 23 March 2022 · ceased 24 July 2023
- Tag Holdings Ltd (corporate entity, England) — has significant influence or control · since 23 March 2022 · ceased 24 July 2023
- Harrington Homes (Sw) Limited (corporate entity, England) — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors · since 23 March 2022 · ceased 5 December 2023
- Mr Gareth Christopher Hughes — has significant influence or control · since 23 March 2022 · ceased 24 July 2023
- Mr Max Ashton — has significant influence or control · since 23 March 2022 · ceased 24 July 2023
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
Similar companies in Cardiff
Same activity (renting and leasing of construction and civil engineering machinery and equipment), closest in incorporation date.
- ZERO PLANT HIRE LIMITED — Pontypool, inc. Jul 2020
- HAK HIRE SERVICES LTD — Pontypridd, inc. Aug 2020
- RENT-IT PLANT HIRE & SALES LTD — Bridgend, inc. Jun 2020
- GARY ALLEN CHERRY PICKERS LIMITED — Newport, inc. Jun 2020
- ASG ACCESS SCAFFOLDING GROUP LIMITED — Cardiff, inc. Sept 2020
- PRICHARD RENTALS LIMITED — Pontyclun, inc. May 2020
All companies incorporated on 28 July 2020 · in Jul 2020.
Reminders for IONIC GROUNDWORKS LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.