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Speedy Cables (London) Limited

01200130

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

ASH COTTAGE, SWANSEA, SA3 1LS
Incorporated 13/02/1975

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 05/12/2025

Due 19/12/2026

On track

Industry

29320
Manufacture of other parts and accessories for motor vehicles

Officers

Mr Andrew David Pearson Barraclough

director · Since 12/06/1997

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 73

Nigel Gordon Bruce

director · Since 12/06/1997

COMPANY DIRECTOR

BRITISH · WALES · Age 78

Also on 17 other boards

Nigel Gordon Bruce

secretary · Since 18/11/2004

CREDIT MANAGER

BRITISH · WALES · Age 78

Also on 17 other boards

Persons with Significant Control

Mr Nigel Gordon Bruce

50–75% shares
50–75% votes

British · United Kingdom · Age 78

Ash Cottage, Oxwich, Swansea, SA3 1LS

Notified 06/04/2016

Mr Andrew David Pearson Barraclough

Significant control

British · United Kingdom · Age 73

Longcroft, Horton, Swansea, SA3 1LQ

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 12/05/2003Registered 14/05/2003

CompanyRankvs 56+ SIC 29320 peers
77

Financial strength90th percentile among SIC peers · 23/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 7.17× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 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

£533k

Balance sheet strength

Cash

£114k

Cash in the bank

Net Current Assets

£432k

Working capital

Current Assets

£502k

Current Liabilities

£70k

Fixed Assets

£133k

Debtors

£122k

Profit After Tax

£7k

20avg. employees

Tax at Year End(2023)

Dividends paid£1k

Balance Sheet

Assets less current liabilities£566k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20247.17+£7k
20236.77-£63k
20215.48+£79k
20204.87+£34k
20195.90+£29k
20184.71-£25k
20175.84—

Derived from filed accounts. Not audited figures.