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Mgs Electrical Installations Limited

04187886

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

TOWN WALL HOUSE, COLCHESTER, CO3 3AD
Incorporated 27/03/2001

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 27/03/2026

Due 10/04/2027

On track

Industry

43210
Electrical installation

Officers

David Ian Syrett

secretary · Since 27/03/2001

ELECTRICIAN

BRITISH · ENGLAND · Age 55

Also on 1 other board

Mr David Ian Syrett

director · Since 18/01/2003

ELECTRICIAN

BRITISH · ENGLAND · Age 55

Also on 4 other boards

Persons with Significant Control

Mr David Ian Syrett

25–50% shares

British · England · Age 55

Town Wall House, Balkerne Hill, Colchester, CO3 3AD

Notified 06/04/2016

Former PSCs

Mr Godfrey Edward Batson

Ceased 06/04/2018

Charges1 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 11/03/2015Registered 27/03/2015

CompanyRankvs 582+ SIC 43210 peers
78

Financial strength96th percentile among SIC peers · 24/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 9.38× · 20/20
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.

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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

£528k

Balance sheet strength

Cash

£159k

Cash in the bank

Net Current Assets

£496k

Working capital

Current Assets

£555k

Current Liabilities

£59k

Fixed Assets

£43k

Debtors

£392k

7avg. employees-1

Balance Sheet

Assets less current liabilities£539k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20259.38-£9k
20249.04+£17k
20234.98+£44k
20223.68+£12k
20213.84

Derived from filed accounts. Not audited figures.