Seaward Electronic Limited
01674384
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 31/07/2025
Due 14/08/2026
Industry
Officers
director · Since 26/01/2021
ENGINEER
BRITISH · UNITED KINGDOM · Age 58
Also on 1 other board
director · Since 10/12/2024
NONE
GERMAN · GERMANY · Age 58
Also on 2 other boards
secretary · Since 01/02/2026
Persons with Significant Control
Gmc Instruments Uk Limited
15, Bracken Hill, Peterlee, SR8 2SW
Reg: 09640512 · Companies House · Limited Company
Notified 31/12/2017
Former PSCs
Seaward Holding Company
Ceased 31/12/2017
Charges1 outstanding
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CompanyRankvs 14+ SIC 26511 peers69
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2023
Net Worth
£7.8M
Balance sheet strength
Cash
£1.1M
Cash in the bank
Profit Before Tax
£4.1M
Bottom line earnings
Net Current Assets
£6.9M
Working capital
Current Assets
£10.4M
Current Liabilities
£3.6M
Fixed Assets
£1.2M
Debtors
£4.0M
Cost of Sales
£16.8M
Admin Expenses
£2.5M
Profit After Tax
£3.2M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 2.93 | +£3.3M |
| 2021 | 2.04 | -£338k |
| 2020 | 2.21 | +£577k |
| 2019 | 2.36 | — |
Derived from filed accounts. Not audited figures.