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Mg Electrical Contractors Limited

04945119

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

11 SPRING STREET, HUDDERSFIELD, HD7 5HN
Incorporated 28/10/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

Sarah Jane Wood

secretary · Since 28/10/2003

BRITISH

David Wood

director · Since 28/10/2003

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 62

Persons with Significant Control

Mr David Wood

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 62

The Hollow, 11 Spring Street, Huddersfield, HD7 5HN

Notified 06/04/2016

Mrs Sarah Wood

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 61

14 Varley Road, Slaithwaite, Huddersfield, HD7 5HL

Notified 06/04/2016

CompanyRankvs 4777+ SIC 43210 peers
69

Financial strength78th percentile among SIC peers · 20/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.85× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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4777Mg Electrical Contractors Limited
75
How is this score calculated?
Financial strength20/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 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

Going concern doubt: -10 pts

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

Going Concern Doubt

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the compan

Key FinancialsYear ending 31/10/2025

Net Worth

£50k

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

£41k

Working capital

Current Assets

£88k

Current Liabilities

£48k

Fixed Assets

£14k

Debtors

£57k

5avg. employees

Director Loans(2022)

Directors owe company£6k

Balance Sheet

Assets less current liabilities£54k
Signed by Mr D Wood,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.85+£0
20251.85+£5k
20241.78-£3k
20232.68+£9k
20223.06+£16k
20212.89—

Derived from filed accounts. Not audited figures.