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Hi-Wire Limited

03512877

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNIT E4, CASTLEFORD, WF10 5NP
Incorporated 18/02/1998

Compliance

Last accounts

31/12/2024

medium

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 21/09/2025

Due 05/10/2026

On track

Industry

27320
Manufacture of other electronic and electric wires and cables

CompanyRankvs 105+ SIC 27320 peers
79

Financial strength98th percentile among SIC peers · 25/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.13× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -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.

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

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

. Superior Essex Inc. indirectly hold 100% of the equity in Hi-Wire Ltd When making their assessment of the company's ability to continue as a Going Concern, the directors acknowledge that specific uncertainties exist over profitability and availability of funds. However, after considering the intercompany funding arrangement with Superior Essex Inc. the

Key FinancialsYear ending 31/12/2024

Turnover

£13.7M

Annual revenue

Net Worth

£10.2M

Balance sheet strength

Cash

£1.9M

Cash in the bank

Profit Before Tax

£500k

Bottom line earnings

Net Current Assets

£7.0M

Working capital

Current Assets

£10.3M

Current Liabilities

£3.3M

Fixed Assets

£636k

Debtors

£3.3M

Cost of Sales

£10.9M

Gross Profit

£2.9M

Admin Expenses

£2.0M

Operating Profit

£418k

Profit After Tax

£486k

28avg. employees

People Costs

Wages & salaries£937k
NI contributions£98k

Balance Sheet

Assets less current liabilities£7.6M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20243.13

Derived from filed accounts. Not audited figures.