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Optelec Limited

01970594

active
Private Limited Company
england wales
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

UNIT B MERLIN WAY, ILKESTON, DE7 4RA
Incorporated 12/12/1985

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 31/12/2025

Due 14/01/2027

On track

Industry

46900
Non-specialised wholesale trade
47990
Other retail sale not in stores, stalls or markets
96090
Other personal service activities

Officers

Grant William Buist

secretary · Since 22/09/2025

Mr Grant William Buist

director · Since 22/09/2025

CFO

BRITISH · SCOTLAND · Age 55

Also on 1 other board

Persons with Significant Control

Optelec Herring Holdings Bv

Significant control

4, PO BOX, Barendrecht, 2990AJ

Reg: 64141756 · Netherlands · Besloten Vennootschap

Notified 31/12/2019

Former PSCs

Vispero Holdings B.V.

Ceased 31/12/2019

Charges2 outstanding

charge
outstanding

GREENHILLS PROPERTY NO. 46 LIMITED

Created 29/07/2011Registered 06/08/2011
charge
satisfied

LLOYDS TSB BANK PLC

Created 22/06/2001Registered 26/06/2001Satisfied 01/02/2003
charge
outstanding

GRIFFIN CREDIT SERVICES LIMITED

Created 10/12/1998Registered 15/12/1998

CompanyRankvs 5621+ SIC 46900 peers
51

Financial strength82th percentile among SIC peers · 21/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.73× · 6/20
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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How is this score calculated?
Financial strength21/25 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.

Liquidity6/20 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

Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts. 3. Employees The average monthly number of employees, including directors, during the year was 13 (2019 - 15 ) . Page 6 OPTELEC LIMITED NOTES

Key FinancialsYear ending 31/12/2020

Net Worth

£135k

Balance sheet strength

Cash

£407k

Cash in the bank

Net Current Assets

-£603k

Working capital

Current Assets

£1.6M

Current Liabilities

£2.2M

Fixed Assets

£738k

Debtors

£543k

13avg. employees-2

Tax at Year End

Corp tax£38k

Balance Sheet

Intangible assets£597k
Assets less current liabilities£135k
Prepared with Caseware UK (AP4) 2020.0.247

EstimatesDerived

YearCurrent RatioImplied Profit
20200.73+£25k
20190.72

Derived from filed accounts. Not audited figures.