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Econofreeze (Morpeth) Limited

01069913

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

ARCTIC HOUSE, MORPETH, NE61 1BU
Incorporated 05/09/1972

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47540
Retail sale of electrical household appliances in specialised stores

Officers

Mr Norman Wake

secretary · Since 04/06/1991

BRITISH · UNITED KINGDOM · Age 91

Also on 3 other boards

Mrs Catherine Wake

director · Since 04/06/1991

DIRECTOR

BRITISH · UNITED KINGDOM · Age 91

Also on 1 other board

Mr Norman Wake

director · Since 04/06/1991

COMPANY DIRECTOR/SALESMAN

BRITISH · UNITED KINGDOM · Age 91

Also on 3 other boards

Marie Louise Drozdowicz

director · Since 08/12/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 66

Miss Jacinta Wake

director · Since 08/12/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Persons with Significant Control

Mr Norman Wake

25–50% shares

British · United Kingdom · Age 91

Arctic House, Morpeth, NE61 1BU

Notified 01/07/2016

Mrs Catherine Wake

25–50% shares

British · United Kingdom · Age 91

Arctic House, Morpeth, NE61 1BU

Notified 01/07/2016

Mr Norman Wake

25–50% shares

British · United Kingdom · Age 91

Arctic House, Morpeth, NE61 1BU

Notified 12/07/2018

Charges2 outstanding

charge
outstanding

LLOYDS BANK PLC

Created 17/12/1973Registered 21/12/1973
charge
outstanding

LLOYDS BANK PLC

Created 15/01/1973Registered 18/01/1973

CompanyRankvs 563+ SIC 47540 peers
59

Financial strength27th percentile among SIC peers · 7/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 10.25× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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563Econofreeze (Morpeth) Limited
69
How is this score calculated?
Financial strength7/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£2

Balance sheet strength

Cash

£417k

Cash in the bank

Net Current Assets

£491k

Working capital

Current Assets

£544k

Current Liabilities

£53k

Fixed Assets

£18k

Debtors

£18k

4avg. employees+1

Tax at Year End

Corp tax£11k
VAT£6k

Director Loans

Company owes directors£29

Balance Sheet

Assets less current liabilities£509k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioEst. Revenue
202410.25£117k
20239.28£58k
202216.48£106k
202111.28£89k
20207.78£103k
201910.41£100k
201813.36£103k

Derived from filed accounts. Not audited figures.