Hispec Electrical Products Ltd
04619331
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 6 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 17/12/2002
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 73
Also on 6 other boards
director · Since 01/07/2017
SALES DIRECTOR
BRITISH · ENGLAND · Age 35
Also on 2 other boards
director · Since 26/02/2024
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 34
Also on 3 other boards
Persons with Significant Control
Hispec Electrical Holdings Ltd
21 Drumhead Road, Chorley North Business Park, Chorley, PR6 7BX
Reg: 15191163 · Uk Registrar Of Companies · Private Company Limited By Shares
Notified 23/01/2024
Former PSCs
Mrs Jennifer Lesley Loughlin
Ceased 25/11/2021
Mr Wayne Lawrence David Loughlin
Ceased 23/01/2024
Mr Christopher Ralph Hugh Loughlin
Ceased 23/01/2024
Charges6 outstanding
HSBC UK BANK PLC
HSBC UK BANK PLC
HSBC UK BANK PLC
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LIMITED (THE SECURITY HOLDER)
HSBC BANK PLC
CompanyRankvs 25+ SIC 46520 peers70
Show leaderboard
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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern
Key FinancialsYear ending 31/03/2024
Turnover
£11.9M
Annual revenue
Net Worth
£11.2M
Balance sheet strength
Cash
£235k
Cash in the bank
Profit Before Tax
£2.4M
Bottom line earnings
Net Current Assets
£11.0M
Working capital
Current Assets
£12.8M
Current Liabilities
£1.8M
Fixed Assets
£272k
Debtors
£8.6M
Cost of Sales
£6.9M
Gross Profit
£4.9M
Admin Expenses
£2.6M
Operating Profit
£2.3M
Profit After Tax
£1.8M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 7.08 | +£1.2M |
| 2023 | 5.37 | +£4.0M |
| 2022 | 2.95 | +£2.3M |
| 2021 | 9.09 | +£682k |
| 2020 | 9.64 | +£278k |
| 2019 | 10.29 | — |
Derived from filed accounts. Not audited figures.