Wirex Precision Wire Eroding Limited
04383822
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 03/07/2012
Persons with Significant Control
Mr Michael John Higson
British · England · Age 67
Unit 6 Deveron Mill, Great Harwood, BB6 7EJ
Notified 06/04/2016
CompanyRankvs 312+ SIC 25620 peers80
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/08/2024
Net Worth
£925k
Balance sheet strength
Cash
£310k
Cash in the bank
Net Current Assets
£362k
Working capital
Current Assets
£457k
Current Liabilities
£95k
Fixed Assets
£602k
Debtors
£145k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 4.83 | +£19k |
| 2023 | 5.01 | +£54k |
| 2022 | 4.06 | +£9k |
| 2021 | 4.37 | — |
Derived from filed accounts. Not audited figures.