Local Economy Solutions Limited
04596236
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 27/04/2022
Persons with Significant Control
Mr Michael Brian Feloy
British · England · Age 69
2, Queens Terrace, Totnes, TQ9 5JQ
Notified 06/04/2016
Ms Fiona Scapens
British · England · Age 64
2, Queens Terrace, Totnes, TQ9 5JQ
Notified 30/11/2021
CompanyRankvs 109582+ SIC 70229 peers46
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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 30/11/2024
Net Worth
-£6k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£6k
Working capital
Current Assets
£488
Current Liabilities
£7k
Fixed Assets
£144
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.07 | +£684 |
| 2023 | 0.21 | -£8k |
| 2022 | 1.36 | +£889 |
| 2021 | 1.34 | — |
Derived from filed accounts. Not audited figures.