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Power Engineering Limited

05317659

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

GRAYLAW INTERNATIONAL, SKELMERSDALE, WN8 9TA
Incorporated 20/12/2004

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 20/12/2025

Due 03/01/2027

On track

Industry

45190
Sale of other motor vehicles

Officers

Ms Sara Anne Boyd

secretary · Since 03/12/2025

Mr David Keith Meir

director · Since 03/12/2025

BRITISH · ENGLAND · Age 56

Also on 7 other boards

Persons with Significant Control

Power Engineering Holdings Limited

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

Graylaw International, Gillibrands Road, Skelmersdale, WN8 9TA

Reg: 16838493 · Companies House · Limited Company

Notified 21/11/2025

Former PSCs

Mr Colin John Gill

Ceased 13/11/2025

Bandit Investments Limited

Ceased 21/11/2025

Charges2 outstanding

Charge
outstanding

RBS INVOICE FINANCE LIMITED

Created 18/12/2025Registered 18/12/2025
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 03/12/2025Registered 04/12/2025
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 02/04/2008Registered 05/04/2008Satisfied 20/11/2025
charge
satisfied

HSBC BANK PLC

Created 20/01/2006Registered 27/01/2006Satisfied 15/05/2009

CompanyRankvs 51+ SIC 45190 peers
79

Financial strength99th percentile among SIC peers · 25/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 23.51× · 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 31/12/2024

Net Worth

£13.3M

Balance sheet strength

Cash

£9.5M

Cash in the bank

Net Current Assets

£9.6M

Working capital

Current Assets

£10.0M

Current Liabilities

£426k

Fixed Assets

£3.7M

Debtors

£384k

11avg. employees
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
202423.51+£1.9M
202315.46+£2.1M
202217.67+£7.2M
20211.42-£536k
20201.60-£2.4M
20195.20+£1.4M
20182.69

Derived from filed accounts. Not audited figures.