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Red Electric Designs Limited

04329740

active
Private Limited Company
england wales
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • 3 outstanding charges (-6)

Details

UNIT J, ROMFORD, RM7 7PJ
Incorporated 27/11/2001

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 27/11/2025

Due 11/12/2026

On track

Industry

43210
Electrical installation

Officers

Mr Gintaras Donato Meskauskas

director · Since 01/04/2006

ENGINEER

LITHUANIAN · UNITED KINGDOM · Age 49

Also on 2 other boards

Mr Gerard Martin Mccarthy

director · Since 01/10/2010

ENGINEER

IRISH · NORTHERN IRELAND · Age 63

Also on 1 other board

Persons with Significant Control

Red Group 2016 Limited

75–100% shares

Unit J, Chesham Close, Romford, RM7 7PJ

Reg: 10508319 · Uk Companies Registry · Limited Company

Notified 27/11/2021

Former PSCs

Mr Gerard Martin Mccarthy

Ceased 27/11/2021

Mr Gintaras Donato Meskauskas

Ceased 27/11/2021

Charges3 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 09/09/2020Registered 15/09/2020
charge
outstanding

YORKLEM PROPERTIES LIMITED

Created 28/05/2010Registered 03/06/2010
charge
outstanding

YORKLEM PROPERTIES LIMITED

Created 28/05/2010Registered 03/06/2010
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

Created 29/07/2002Registered 30/07/2002Satisfied 06/02/2012

CompanyRankvs 156+ SIC 43210 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.05× · 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 strength25/25 pts

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

Employees15/15 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 31/12/2024

Net Worth

£2.9M

Balance sheet strength

Cash

£1.7M

Cash in the bank

Net Current Assets

£2.7M

Working capital

Current Assets

£4.0M

Current Liabilities

£1.3M

Fixed Assets

£437k

Debtors

£2.4M

16avg. employees+1

Tax at Year End(2023)

Corp tax£277k

Balance Sheet

Bank loans & overdrafts£160k
Assets less current liabilities£3.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.05+£435k
20232.93+£325k
20222.68+£687k
20212.00+£53k
20202.68+£416k
20191.37+£760k
20181.03-£383k
20161.20

Derived from filed accounts. Not audited figures.