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Newfield Electrical Limited

04747483

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT A5 COOMBS WOOD BUSINESS, HALESOWEN, B62 8BH
Incorporated 29/04/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

Mr James Workman

director · Since 22/10/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 35

Also on 2 other boards

Mr James Alexander Parkes

director · Since 01/09/2025

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 2 other boards

Persons with Significant Control

Nfe 2020 Ltd

75–100% shares
75–100% votes
Appoint directors

Unit A5, Coombswood Way, Halesowen, B62 8BH

Reg: 12841634 · Registrar Of Companies For England And Wales · Private Limited Company

Notified 22/10/2020

Former PSCs

Mr Ian Workman

Ceased 22/10/2020

Mrs Karen Workman

Ceased 22/10/2020

Charges1 outstanding

Charge
outstanding

IAN WORKMAN AND KAREN WORKMAN

Created 22/10/2020Registered 30/10/2020

CompanyRankvs 400+ SIC 43210 peers
79

Financial strength98th percentile among SIC peers · 25/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 13.15× · 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.

Employees14/15 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 31/05/2025

Net Worth

£1.2M

Balance sheet strength

Cash

£32k

Cash in the bank

Net Current Assets

£1.1M

Working capital

Current Assets

£1.2M

Current Liabilities

£93k

Fixed Assets

£67k

Debtors

£1.1M

9avg. employees-4

Tax at Year End

Corp tax£21k

Director Loans(2021)

Company owes directors£59k

Balance Sheet

Assets less current liabilities£1.2M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
202513.15+£26k
202410.91+£5k
202310.69-£176k
20228.02+£93k
20214.29—

Derived from filed accounts. Not audited figures.