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Mrm Electrical Solutions Limited

07012277

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

1 MAIDEN STREET, NEWCASTLE UPON TYNE, NE4 7AQ
Incorporated 08/09/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation
61300
Satellite telecommunications activities
74909
Other professional, scientific and technical activities

Officers

Mr Michael Robert Muxworthy

director · Since 08/09/2009

ELECTRICIAL ENGINEER

BRITISH · UNITED KINGDOM · Age 40

Also on 6 other boards

Robert Duguid Muxworthy

secretary · Since 11/09/2009

BRITISH

Mr Richard Oliver Muxworthy

director · Since 11/09/2009

ELECTRICAL ENGINEER

BRITISH · UNITED KINGDOM · Age 38

Also on 3 other boards

Mr Nicholas Wright

director · Since 11/09/2009

ELECTRICAL ENGINEER

BRITISH · UNITED KINGDOM · Age 47

Also on 2 other boards

Mr Christopher James Darling

director · Since 22/12/2016

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 39

Also on 3 other boards

Persons with Significant Control

Mr Michael Robert Muxworthy

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

British · United Kingdom · Age 40

1 Maiden Street, Newcastle Upon Tyne, NE4 7AQ

Notified 06/04/2016

Mr Richard Oliver Muxworthy

25–50% shares
25–50% votes

British · United Kingdom · Age 38

1 Maiden Street, Newcastle Upon Tyne, NE4 7AQ

Notified 06/04/2016

Mr Nicholas Wright

25–50% shares
25–50% votes

British · United Kingdom · Age 47

1 Maiden Street, Newcastle Upon Tyne, NE4 7AQ

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 19/01/2017Registered 23/01/2017
Charge
satisfied

GROWTH STREET PROVISION LIMITED

Created 11/04/2016Registered 12/04/2016Satisfied 14/02/2017

CompanyRankvs 2449+ SIC 43210 peers
71

Financial strength95th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.34× · 12/20
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 strength24/25 pts

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

Employees15/15 pts

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

Liquidity12/20 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 30/09/2024

Net Worth

£459k

Balance sheet strength

Cash

£83k

Cash in the bank

Net Current Assets

£305k

Working capital

Current Assets

£1.2M

Current Liabilities

£887k

Fixed Assets

£550k

Debtors

£1.0M

30avg. employees

Tax at Year End(2018)

VAT£114k

Balance Sheet

Assets less current liabilities£855k
Signed by Mr M R Muxworthy 30 June 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20241.34-£79k
20231.59+£74k
20211.65+£132k
20201.48-£231k
20191.55-£11k
20181.91£2.3M

Derived from filed accounts. Not audited figures.