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R H Wells Electrical Limited

04893991

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

11A SEDGWICK STREET, LANCASHIRE, PR1 1TP
Incorporated 10/09/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

Richard Henry Wells

director · Since 10/09/2003

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 85

Clare Yates

secretary · Since 12/09/2022

Also on 1 other board

Mr Neil Martin Ballantyne

director · Since 12/09/2022

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 41

Clare Yates

director · Since 12/09/2022

DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 1 other board

Persons with Significant Control

Former PSCs

Richard Henry Wells

Ceased 14/10/2022

Winifrede Joan Wells

Ceased 30/11/2020

CompanyRankvs 1051+ SIC 43210 peers
86

Financial strength89th percentile among SIC peers · 22/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.22× · 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 strength22/25 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.

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

Key FinancialsYear ending 30/09/2024

Net Worth

£141k

Balance sheet strength

Cash

£60k

Cash in the bank

Net Current Assets

£116k

Working capital

Current Assets

£211k

Current Liabilities

£95k

Fixed Assets

£30k

Debtors

£149k

8avg. employees+2

Tax at Year End(2023)

Dividends paid£2k

Balance Sheet

Intangible assets£0
Assets less current liabilities£146k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.22+£16k
20232.01+£21k
20222.30-£36k
20214.76

Derived from filed accounts. Not audited figures.