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Direct Cable Systems Limited

03409274

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)
  • 1 outstanding charge (-2)

Details

MIDWICH LIMITED, DISS, IP22 4YT
Incorporated 25/07/1997

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

26400
Manufacture of consumer electronics

Officers

David Spanbok

director · Since 25/07/1997

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Mr Adam Thomas Councell

director · Since 02/03/2026

BRITISH · UNITED KINGDOM · Age 48

Also on 55 other boards

Persons with Significant Control

Midwich Limited

75–100% shares
75–100% votes
Appoint directors

Midwich Limited, Vinces Road, Diss, IP22 4YT

Reg: 01436289 · Registrar Of Companies For England And Wales · Private Limited Company

Notified 02/10/2024

Former PSCs

David Spanbok

Ceased 02/10/2024

Giselle Spanbok

Ceased 02/10/2024

Charges1 outstanding

Charge
outstanding

HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED AS SECURITY AGENT

Created 31/01/2025Registered 31/01/2025
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 06/10/2005Registered 12/10/2005Satisfied 11/11/2024

CompanyRankvs 2410+ SIC 26400 peers
60

Financial strength98th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityNo balance sheet data · 0/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity0/20 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 31/07/2023

Net Worth

£2.5M

Balance sheet strength

Cash

£1.3M

Cash in the bank

Net Current Assets

Working capital

Current Assets

Current Liabilities

£1.5M

Fixed Assets

£94k

Debtors

£1.4M

17avg. employees

Tax at Year End(2022)

Corp tax£404k
Prepared with Silverfin

EstimatesDerived

YearCurrent RatioImplied Profit
2023+£814k
2022+£1.0M
20202.11-£374k
20191.82

Derived from filed accounts. Not audited figures.