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David Banks Electrical Contractors Limited

04697849

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

32 MISSION CLOSE, CRADLEY HEATH, B64 6SG
Incorporated 14/03/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

James Christopher Banks

director · Since 14/03/2003

ELECTRICIAN

BRITISH · UNITED KINGDOM · Age 51

Richard Geoffrey Banks

director · Since 14/03/2003

ELECTRICIAN

BRITISH · UNITED KINGDOM · Age 54

Persons with Significant Control

James Christopher Banks

25–50% shares
25–50% votes

British · United Kingdom · Age 51

64, Pavilion Lodge, Wordsley, DY8 5TA

Notified 06/04/2016

Richard Geoffrey Banks

25–50% shares
25–50% votes

British · United Kingdom · Age 54

7, Linnet Close, Halesowen, B62 8TW

Notified 06/04/2016

Charges0 outstanding

charge
satisfied

HSBC BANK PLC

Created 12/06/2003Registered 25/06/2003Satisfied 30/07/2024

CompanyRankvs 5259+ SIC 43210 peers
74

Financial strength91th percentile among SIC peers · 23/25
Employees8th percentile among SIC peers · 1/15
LiquidityCurrent ratio 3.24× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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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.

Employees1/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

£199k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£178k

Working capital

Current Assets

£255k

Current Liabilities

£79k

Fixed Assets

£21k

0avg. employees-3

Balance Sheet

Assets less current liabilities£199k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20253.24+£67k
20243.57-£19k
20235.40+£12k
20224.48-£7k
20214.24

Derived from filed accounts. Not audited figures.