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Specialist Switchgear Systems Limited

01853261

active
Private Limited Company
england wales
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

UNIT B, BURY, BL9 6HJ
Incorporated 08/10/1984

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 10/02/2026

Due 24/02/2027

On track

Industry

27110
Manufacture of electric motors, generators and transformers

Officers

Mr Geoffrey Hoy

director · Since 22/02/1991

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 67

Mr Graham Hoy

director · Since 22/02/1991

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 68

Also on 2 other boards

Mr Philip Hoy

director · Since 22/02/1991

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Persons with Significant Control

Ssg Holdings Limited

75–100% shares
75–100% votes
Appoint directors

73-75, Bridge Street, Bury, BL9 6HH

Reg: 11686816 · Companies House · Limited Company

Notified 30/11/2018

Former PSCs

Mr Geoffrey Hoy

Ceased 30/11/2018

Mr Philip Hoy

Ceased 30/11/2018

Charges0 outstanding

charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 22/02/1993Registered 02/03/1993Satisfied 27/05/2016
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 21/12/1992Registered 02/01/1993Satisfied 27/05/2016

CompanyRankvs 105+ SIC 27110 peers
88

Financial strength95th percentile among SIC peers · 24/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 4.59× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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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.

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.

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

£3.9M

Balance sheet strength

Cash

£955k

Cash in the bank

Net Current Assets

£3.8M

Working capital

Current Assets

£4.8M

Current Liabilities

£1.1M

Fixed Assets

£249k

Debtors

£2.9M

27avg. employees+2

Balance Sheet

Assets less current liabilities£4.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20244.59+£606k
20234.65+£341k
20223.88+£676k
20214.95+£82k
20202.72+£39k
20195.11-£31k
201810.59

Derived from filed accounts. Not audited figures.