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Cableworld Limited

03973673

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • 7 outstanding charges (-10)

Details

UNIT H FARSLEY PARK WINGATES INDUSTRIAL PARK, BOLTON, BL5 3XH
Incorporated 14/04/2000

Compliance

Last accounts

30/06/2025

full

Next accounts due

31/03/2027

On track

Confirmation statement

Last: 06/04/2026

Due 20/04/2027

On track

Industry

27320
Manufacture of other electronic and electric wires and cables

Officers

Pravina Hitesh Vegad

secretary · Since 31/03/2002

BRITISH · Age 58

Also on 1 other board

Mr Hitesh Kumar Vegad

director · Since 31/03/2002

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 2 other boards

Mr Himal Hiteshkumar Vegad

director · Since 01/04/2022

DIRECTOR

BRITISH · ENGLAND · Age 32

Mr Hinesh Hiteshkumar Vegad

director · Since 01/04/2022

DIRECTOR

BRITISH · ENGLAND · Age 35

Persons with Significant Control

Mr Hitesh Kumar Vegad

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

British · United Kingdom · Age 63

Unit H Farsley Park, Wingates Industrial Park, Bolton, BL5 3XH

Notified 29/08/2018

Mrs Pravina Vegad

25–50% shares
25–50% votes

British · England · Age 58

Unit H Farsley Park, Wingates Industrial Park, Bolton, BL5 3XH

Notified 11/01/2022

Former PSCs

Mr Mushtaq Mohamed Munshi

Ceased 14/05/2018

Mr Munavvar Munshi

Ceased 14/05/2018

Horizon Impex Fzc

Ceased 29/08/2018

Charges7 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 22/01/2024Registered 29/01/2024
Charge
outstanding

HSBC UK BANK PLC

Created 30/06/2023Registered 04/07/2023
Charge
outstanding

HSBC UK BANK PLC

Created 08/06/2023Registered 09/06/2023
Charge
outstanding

HSBC UK BANK PLC

Created 17/05/2023Registered 19/05/2023
Charge
outstanding

HSBC UK BANK PLC

Created 09/06/2021Registered 21/06/2021
Charge
satisfied

HSBC UK BANK PLC

Created 08/06/2021Registered 14/06/2021Satisfied 04/02/2026
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 17/05/2021Registered 01/06/2021
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 17/05/2021Registered 01/06/2021
Charge
satisfied

ATOM BANK PLC

Created 31/03/2021Registered 01/04/2021Satisfied 09/04/2024
Charge
satisfied

CLOSE BROTHERS LIMITED

Created 23/10/2018Registered 24/10/2018Satisfied 09/04/2024
Charge
satisfied

BANK OF INDIA

Created 08/01/2014Registered 16/01/2014Satisfied 07/04/2021
Charge
satisfied

BANK OF INDIA

Created 16/12/2013Registered 24/12/2013Satisfied 07/04/2021
Charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 18/07/2013Registered 06/08/2013Satisfied 04/05/2018
charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 23/10/2008Registered 28/10/2008Satisfied 25/10/2018
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 14/06/2007Registered 16/06/2007Satisfied 04/05/2018
charge
satisfied

BANK OF INDIA

Created 28/06/2005Registered 06/07/2005Satisfied 05/10/2012
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 23/07/2003Registered 02/08/2003Satisfied 04/05/2018
charge
satisfied

BANK OF INDIA

Created 16/06/2003Registered 21/06/2003Satisfied 05/10/2012
charge
satisfied

COMMERCIAL DEVELOPMENT PROJECTS LIMITED

Created 02/05/2003Registered 20/05/2003Satisfied 15/06/2004

CompanyRankvs 60+ SIC 27320 peers
69

Financial strength94th percentile among SIC peers · 24/25
Employees86th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.38× · 12/20
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 strength24/25 pts

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

Employees13/15 pts

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

Liquidity12/20 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 30/06/2022

Net Worth

£2.7M

Balance sheet strength

Cash

£345k

Cash in the bank

Net Current Assets

£2.1M

Working capital

Current Assets

£7.8M

Current Liabilities

£5.7M

Fixed Assets

£1.9M

Debtors

£4.2M

21avg. employees+2

Tax at Year End

Corp tax£234k
VAT£604k

Director Loans

Company owes directors£4k
Directors owe company£436k

Balance Sheet

Assets less current liabilities£4.1M
Signed by Mr Hitesh Vegad 14/03/2023Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20221.38+£826k£12.1M
20211.33+£284k£8.8M
20200.96+£487k£4.2M
20190.94+£43k
20180.99£2.4M

Derived from filed accounts. Not audited figures.