Hi-Wire Limited
03512877
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
medium
Next accounts due
30/09/2026
Confirmation statement
Last: 21/09/2025
Due 05/10/2026
Industry
Officers
director · Since 23/12/2011
BUSINESS MANAGER
BRITISH · UNITED KINGDOM · Age 60
Also on 1 other board
secretary · Since 11/12/2024
Persons with Significant Control
Ls Corp
Ls Yongsan Tower, 92 Hangangdae-Ro Yongsan-Gu, Seoul
Reg: 110111-0003965 · Register Maintained By The Department Of Justice Of South Korea · Corporation
Notified 27/01/2017
Charges0 outstanding
SOCIETE GENERALE, LONDON BRANCH
BANKERS TRUST COMPANY
HSBC INVOICE FINANCE (UK) LTD
CompanyRankvs 15+ SIC 27320 peers79
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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
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
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.13 | +£480k |
| 2022 | 2.67 | -£1.3M |
| 2021 | 3.26 | +£1.7M |
| 2020 | 5.36 | +£6.7M |
| 2019 | 0.82 | +£146k |
| 2018 | 0.80 | — |
Derived from filed accounts. Not audited figures.