Summit Electrical Installations Limited
05617495
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 17/04/2026
Due 01/05/2027
Industry
Officers
Persons with Significant Control
Mr Surrinder Chand
British · England · Age 62
14a Croxstalls Close, Bloxwich, Walsall, WS3 2XT
Notified 06/04/2016
S. Clift Holdings Limited
The Croft, Malt House Lane, Wolverhampton, WV10 7FF
Reg: 16226383 · England And Wales · Private Limited Company
Notified 10/02/2025
Former PSCs
Mr Shane Clift
Ceased 10/02/2025
Charges2 outstanding
HSBC UK BANK PLC
HSBC BANK PLC
Change History
Active
Private Limited Company
14A CROXSTALLS CLOSE
WALSALL
CompanyRankvs 2759+ SIC 43210 peers60
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
banks and other third parties and loans to related parties. Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at the transaction price. Going concern The financial statements have been prepared on a going concern basis. The directors have assessed the company’s ability to continue as a going concern and have a reasonable expectation t
Key FinancialsYear ending 31/03/2025
Net Worth
£239k
Balance sheet strength
Cash
£388k
Cash in the bank
Net Current Assets
£216k
Working capital
Current Assets
£1.0M
Current Liabilities
£793k
Fixed Assets
£30k
Debtors
£622k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.27 | -£262k |
| 2024 | 1.39 | +£441k |
| 2023 | 1.10 | +£16k |
| 2022 | 1.16 | +£4k |
| 2021 | 1.21 | -£73k |
| 2020 | 1.09 | -£240k |
| 2019 | 1.31 | — |
Derived from filed accounts. Not audited figures.