Electrade 247 Limited
03385057
Healthy
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 05/03/2003
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 56
Also on 1 other board
Persons with Significant Control
Mr Paramjot Singh
British · England · Age 56
Unit 2, Watford Metro Centre, Watford, WD18 9SS
Notified 01/04/2024
Mr Nirmaljot Singh
Indian · China · Age 54
Unit 2, Watford Metro Centre, Watford, WD18 9SS
Notified 01/04/2024
Former PSCs
Mr Amrik Singh
Ceased 01/04/2024
Charges2 outstanding
NATIONAL WESTMINSTER BANK PLC
RBS INVOICE FINANCE LTD
CompanyRankvs 244+ SIC 46510 peers67
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 28/02/2025
Net Worth
£1.3M
Balance sheet strength
Cash
£315k
Cash in the bank
Net Current Assets
£1.3M
Working capital
Current Assets
£5.1M
Current Liabilities
£3.7M
Fixed Assets
£1k
Debtors
£925k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.36 | +£84k |
| 2024 | 1.33 | +£127k |
| 2023 | 1.28 | +£90k |
| 2022 | 1.50 | +£169k |
| 2021 | 3.54 | +£108k |
| 2020 | 1.65 | +£52k |
| 2019 | 1.30 | — |
Derived from filed accounts. Not audited figures.