Michael Smith Switchgear Limited
01933790
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 06/12/2025
Due 20/12/2026
Industry
Officers
director · Since 01/07/2011
ELECTRICAL ENGINEERING
BRITISH · ENGLAND · Age 39
Also on 3 other boards
director · Since 01/09/2013
ACCOUNTANT
BRITISH · ENGLAND · Age 37
Also on 1 other board
director · Since 02/04/2026
BRITISH · UNITED KINGDOM · Age 48
Also on 21 other boards
Persons with Significant Control
S & E Group Management Limited
4 Elland Road, Braunstone Frith Industrial Estate, Leicester, LE3 1TU
Reg: 08708231 · England And Wales · Limited
Notified 06/04/2016
Charges1 outstanding
SANTANDER UK PLC
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 20+ SIC 27120 peers66
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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
least twelve months from the signing date of the financial statements. The directors did not identify any uncertainty that cast significant doubt about the ability of the company to continue as a going concern. Turnover Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Sale of goods Turnover f
Key FinancialsYear ending 31/12/2024
Net Worth
£1.3M
Balance sheet strength
Cash
£465k
Cash in the bank
Net Current Assets
£1.2M
Working capital
Current Assets
£2.1M
Current Liabilities
£962k
Fixed Assets
£168k
Debtors
£1.1M
Tax at Year End(2018)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.20 | +£146k |
| 2023 | 1.79 | +£70k |
| 2022 | 1.95 | +£231k |
| 2021 | 2.21 | +£3k |
| 2020 | 2.17 | +£2k |
| 2019 | 1.91 | +£14k |
| 2018 | 1.95 | — |
Derived from filed accounts. Not audited figures.