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Far East Direct Uk Ltd

05650777

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

UNIT ONE JOHNSLAND, CREDITON, EX17 6HG
Incorporated 09/12/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing

Officers

Rodney Davies

secretary · Since 09/12/2005

BRITISH · UNITED KINGDOM · Age 66

Also on 5 other boards

Rodney Davies

director · Since 09/12/2005

DIRECTOR

BRITISH · UNITED KINGDOM · Age 66

Also on 5 other boards

Mr Kevin Smith

director · Since 09/12/2005

DIRECTOR

BRITISH · HONG KONG · Age 64

Persons with Significant Control

Mr Kevin Smith

25–50% shares

British · Hong Kong · Age 64

Unit One Johnsland, Bow, Crediton, EX17 6HG

Notified 06/04/2016

Mr Rodney Paul Davies

25–50% shares

British · England · Age 66

Unit One Johnsland, Bow, Crediton, EX17 6HG

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 25/06/2010Registered 29/06/2010

CompanyRankvs 2300+ SIC 32990 peers
71

Financial strength87th percentile among SIC peers · 22/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.63× · 16/20
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 strength22/25 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

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

£687k

Balance sheet strength

Cash

£71k

Cash in the bank

Net Current Assets

£653k

Working capital

Current Assets

£1.7M

Current Liabilities

£1.0M

Fixed Assets

£64k

Debtors

£572k

15avg. employees

Balance Sheet

Intangible assets£4k
Assets less current liabilities£717k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.63+£27k
20231.57+£209k
20221.44-£520k
20213.06

Derived from filed accounts. Not audited figures.