DRENAGH FARMS LIMITED
Company number NI004536 · Monitor this company
This company is in liquidation.
Executive 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.
Shareholders' funds
£3,384,184
Balance sheet as at 2025-07-30
Overview
- Company type
- Private Limited Company
- Incorporated
- 1960-04-06
- Employees
- 1 (2025 accounts)
- Registered office
- Estate Office, Drenagh, Limavady, County Londonderry, Northern Ireland, BT49 0HP
- Postcode
- BT49 0HP
- Capital
- 17,300 GBP
- Accounts category
- Total Exemption Full
- Charges
- 8 outstanding
Accounts
- Last made up to
- 2025-07-30
- Next due by
- 2027-04-30
- Financial year end
- 30 July
Confirmation statement
- Last statement dated
- 2025-08-29
- Next due by
- 2026-09-12
Nature of business (SIC)
- 96090 Other service activities not elsewhere classified
Officers 2 current · 8 resigned
Contact details
- Website
- drenagh.com
- Phone
- 02877722649, 07871636857
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Previous registered addresses 2
| Address | Changed on |
|---|---|
| 50 BEDFORD STREET, BELFAST, BT2 7FW | 2015-12-17 |
| DRENAGH, LIMAVADY, CO LONDONDERRY | 2014-09-09 |
Among its peers
Top 5%
by shareholders' funds, of 979 similar companies in BT
Among the oldest 25% of its local peers, trading since 1960.
No.12 of the largest other service activities not elsewhere classified companies in Belfast →
Competitors Belfast
-
3. WDJ LIMITED
This company ranks 12 among other service activities not elsewhere classified in Belfast.