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Electro-Mag Limited

02812118

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

THE BARNS, 42 CHURCH ROAD, KING'S LYNN, PE34 4QQ
Incorporated 23/04/1993

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

27900
Manufacture of other electrical equipment

Officers

Mr Michael William Alexander

director · Since 14/02/1995

DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 9 other boards

Mr Michael William Alexander

secretary · Since 01/01/1998

DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 9 other boards

Mrs Sheila Lilian Alexander

director · Since 01/01/1998

ADMINISTRATOR

BRITISH · ENGLAND · Age 65

Also on 4 other boards

Persons with Significant Control

Mr Michael William Alexander

significant-influence-or-control-as-firm

British · England · Age 66

The Barns, 42 Church Road, King's Lynn, PE34 4QQ

Notified 23/04/2017

Mrs Sheila Lilian Alexander

Significant control

British · England · Age 65

The Barns, 42 Church Road, King's Lynn, PE34 4QQ

Notified 23/04/2017

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 19/07/2013Registered 09/08/2013
charge
satisfied

BARCLAYS BANK PLC

Created 17/04/2001Registered 25/04/2001
charge
satisfied

BARCLAYS BANK PLC

Created 08/02/1999Registered 12/02/1999
charge
satisfied

BARCLAYS BANK PLC

Created 07/10/1998Registered 15/10/1998

CompanyRankvs 271+ SIC 27900 peers
71

Financial strength76th percentile among SIC peers · 19/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 3.7× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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271Electro-Mag Limited
81
How is this score calculated?
Financial strength19/25 pts

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

Employees12/15 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.

Risk deductions

Outstanding charges: -10 pts

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

£326k

Balance sheet strength

Cash

£92k

Cash in the bank

Net Current Assets

£177k

Working capital

Current Assets

£242k

Current Liabilities

£65k

Fixed Assets

£226k

Debtors

£99k

8avg. employees

Balance Sheet

Assets less current liabilities£403k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.70+£57k
20232.27+£6k
20222.32-£39k
20212.80-£73k
20203.58+£81k
20192.93-£16k
20182.70—

Derived from filed accounts. Not audited figures.