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Electro Discharge Limited

03188249

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

109 POWKE LANE, CRADLEY HEATH, B64 5PX
Incorporated 19/04/1996

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining

Officers

Mr Paul Robert Malcolm Jordan

director · Since 08/12/1999

NONE

BRITISH · ENGLAND · Age 62

Also on 4 other boards

Mrs Tracy Michelle Jones

director · Since 29/08/2019

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 1 other board

Persons with Significant Control

Mr Paul Robert Malcolm Jordan

50–75% shares
50–75% votes
Appoint directors

British · England · Age 62

Grove House, Coombs Wood Court, Halesowen, B62 8BF

Notified 13/05/2016

Miss Samantha Claire Harding

25–50% shares
25–50% votes

British · England · Age 43

Unit 5 Marriott Road Industrial Estate, Cradley Road, Dudley, DY2 0JZ

Notified 13/05/2016

Charges1 outstanding

charge
outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 14/03/2013Registered 19/03/2013
charge
satisfied

AIB AIB GROUP (UK) PLC

Created 15/11/2006Registered 16/11/2006Satisfied 31/05/2013
charge
satisfied

AIB GROUP (UK) PLC

Created 15/11/2006Registered 16/11/2006Satisfied 21/06/2013

CompanyRankvs 90+ SIC 25620 peers
77

Financial strength93th percentile among SIC peers · 23/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 4.58× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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87
How is this score calculated?
Financial strength23/25 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.

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

£2.6M

Balance sheet strength

Cash

£787k

Cash in the bank

Net Current Assets

£1.7M

Working capital

Current Assets

£2.1M

Current Liabilities

£467k

Fixed Assets

£1.1M

Debtors

£1.2M

28avg. employees+5

Balance Sheet

Assets less current liabilities£2.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20244.58+£436k
20230.57+£211k
20220.58+£420k
20210.52-£27k
20200.68+£497k
20190.80-£760k
20180.69—

Derived from filed accounts. Not audited figures.