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Cornelius Electronics Limited

01729062

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
20/30
Financial
30/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

PURCELL AVENUE, WEST GLAMORGAN, SA12 7TZ
Incorporated 03/06/1983

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

26110
Manufacture of electronic components

Officers

Mr David Andrew Cornelius

secretary · Since 31/12/1990

BRITISH · WALES · Age 70

Also on 9 other boards

Mr David Andrew Cornelius

director · Since 31/12/1990

DIRECTOR

BRITISH · WALES · Age 70

Also on 9 other boards

Mr Jonathan David Cornelius

director · Since 14/03/2018

OPERATIONS DIRECTOR

BRITISH · UNITED KINGDOM · Age 40

Also on 3 other boards

Mr Paul John Sargent

director · Since 31/08/2018

BUSINESS DEVELOPMENT DIRECTOR

BRITISH · WALES · Age 46

Mr Gareth David Carpenter

director · Since 16/01/2024

MANUFACTURING DIRECTOR

WELSH · WALES · Age 45

Persons with Significant Control

Mr David Andrew Cornelius

ownership-of-shares-50-to-75-percent-as-firm
voting-rights-50-to-75-percent-as-firm

British · Wales · Age 70

C/O Cornelius Electronics Ltd, Purcell Avenue, Port Talbot, SA12 7TZ

Notified 06/04/2016

Cornelius (Holdings) Limited

ownership-of-shares-75-to-100-percent-as-firm
voting-rights-75-to-100-percent-as-firm

C/O Cornelius Electronics Ltd, Purcell Avenue, Port Talbot, SA12 7TZ

Reg: 05094896 · Companies House · Uk

Notified 06/04/2016

Charges5 outstanding

Charge
outstanding

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charge
outstanding

LLOYDS UDT LIMITED

Created 01/05/2001Registered 03/05/2001
charge
outstanding

LLOYDS BANK PLC

Created 19/01/1990Registered 25/01/1990
charge
satisfied

BARCLAYS BANK PLC

Created 04/12/1984Registered 12/12/1984

CompanyRankvs 146+ SIC 26110 peers
61

Financial strength94th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.46× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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146Cornelius Electronics Limited
81
How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 pts

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

Liquidity12/20 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

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 going co

Key FinancialsYear ending 30/06/2025

Turnover

£19.7M

Annual revenue

Net Worth

£3.6M

Balance sheet strength

Cash

£227k

Cash in the bank

Profit Before Tax

£673k

Bottom line earnings

Net Current Assets

£2.6M

Working capital

Current Assets

£8.1M

Current Liabilities

£5.5M

Fixed Assets

£1.6M

Debtors

£4.9M

Cost of Sales

£16.4M

Gross Profit

£3.3M

Admin Expenses

£2.3M

Operating Profit

£689k

Profit After Tax

£500k

184avg. employees

Tax at Year End

Corp tax£131k
Dividends paid£54k

People Costs

Wages & salaries£5.0M
NI contributions£489k

Balance Sheet

Assets less current liabilities£4.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.46+£0
20251.46+£446k
20241.42+£75k
20231.49—

Derived from filed accounts. Not audited figures.