Eastern Credit Limited

04268426

active

Private Limited Company

england wales

Companies House

Health Score

76 / 100

Some Concerns

30/30

Filing

10/30

Financial

36/40

Risk

Current liabilities exceed current assets (-10)
2 outstanding charges (-4)

Details

1 BLACKFRIARS COURT EXCALIBUR ROAD, GREAT YARMOUTH, NR31 7RQ

Incorporated 10/08/2001

Compliance

Last accounts

31/12/2025

unaudited abridged

Next accounts due

30/09/2027

On track

Confirmation statement

Last: 10/08/2025

Due 24/08/2026

On track

Industry

64910

Financial leasing

64929

Officers

David Raymond King

secretary · Since 10/08/2001

BRITISH · Age 67

Mr Paul Needham

director · Since 10/08/2001

MANAGER

BRITISH · UNITED KINGDOM · Age 50

Derek Ivan Needham

director · Since 10/05/2005

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 76

Persons with Significant Control

Mr Derek Ivan Needham

ownership-of-shares-50-to-75-percent-as-trust

voting-rights-50-to-75-percent-as-trust

British · England · Age 76

1 Blackfriars Court, Excalibur Road, Great Yarmouth, NR31 7RQ

Notified 01/07/2016

Mr Paul Needham

25–50% shares

British · England · Age 50

1 Blackfriars Court, Excalibur Road, Great Yarmouth, NR31 7RQ

Notified 01/07/2016

Charges2 outstanding

Charge

outstanding

DEREK IVAN NEEDHAM

Created 06/12/2013Registered 10/12/2013

charge

outstanding

NATIONAL WESTMINSTER BANK PLC

Created 02/06/2008Registered 07/06/2008

CompanyRankvs 105+ SIC 64910 peers
77

Financial strength93th percentile among SIC peers · 23/25

Employees92th percentile among SIC peers · 14/15

LiquidityCurrent ratio 6.57× · 20/20

Longevity15 years trading (max 15) · 15/15

Filing complianceAll filings up to date · 15/15

Outstanding charges -10

Show leaderboard

1Armada Investments Limited

2Haydock Finance Limited

3Cc Holdings Limited

4Glazpart Holdings Limited

5Catfoss Finance Limited

6Heritage Commercial Finance Limited

7U.K. Carline Limited

8Eastern Credit Limited

9Akira Financial Limited

10Thistledown Investments Limited

How is this score calculated?

Financial strength23/25 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 31/12/2025

Net Worth

£17.7M

Balance sheet strength

Cash

£2.0M

Cash in the bank

Net Current Assets

£22.8M

Working capital

Current Assets

£26.9M

Current Liabilities

£4.1M

Debtors

£24.9M

6avg. employees

Balance Sheet

Assets less current liabilities£22.8M

Signed by Mr P Needham 18 February 2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

Year	Current Ratio	Implied Profit
2025	6.57	+£0
2025	6.57	+£1.8M
2024	6.03	+£1.6M
2023	6.37	+£1.0M
2022	5.60	+£1.4M
2021	3.66	+£1.3M
2020	3.54	+£1.5M
2019	3.55	—

Derived from filed accounts. Not audited figures.