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Icon Electronics Limited

07087247

active
Private Limited Company
england wales
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

UNITS 3-4 MOUNTBATTEN BUSINESS PARK, PORTSMOUTH, PO6 1UR
Incorporated 25/11/2009

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 12/12/2025

Due 26/12/2026

On track

Industry

27900
Manufacture of other electrical equipment

Officers

Mr David Matthew Maloney

director · Since 25/11/2009

NONE

BRITISH · ENGLAND · Age 54

Also on 2 other boards

Mr Iain Mcinnes

director · Since 25/11/2009

NONE

BRITISH · ENGLAND · Age 75

Also on 28 other boards

Jane Mcinnes

director · Since 21/12/2011

DIRECTOR

BRITISH · ENGLAND · Age 72

Mr Anthony Maurice Ward

secretary · Since 02/01/2013

Persons with Significant Control

Mr Iain Mcinnes

50–75% shares

British · England · Age 75

Units 3-4 Mountbatten Business Park, Jackson Close, Portsmouth, PO6 1UR

Notified 06/04/2016

Mr David Matthew Maloney

25–50% shares

British · England · Age 54

Units 3-4 Mountbatten Business Park, Jackson Close, Portsmouth, PO6 1UR

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 20/12/2018Registered 28/12/2018
Charge
outstanding

BARCLAYS BANK PLC

Created 26/09/2014Registered 02/10/2014

CompanyRankvs 313+ SIC 27900 peers
64

Financial strength93th percentile among SIC peers · 23/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.97× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength23/25 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.

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

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2024

Turnover

£8.9M

Annual revenue

Net Worth

£2.4M

Balance sheet strength

Cash

£623k

Cash in the bank

Profit Before Tax

£438k

Bottom line earnings

Net Current Assets

£2.2M

Working capital

Current Assets

£4.5M

Current Liabilities

£2.3M

Fixed Assets

£347k

Debtors

£1.8M

Cost of Sales

£6.1M

Gross Profit

£2.8M

Admin Expenses

£2.4M

Operating Profit

£457k

Profit After Tax

£326k

75avg. employees-3

Tax at Year End

Corp tax£54k

People Costs

Wages & salaries£1.9M
NI contributions£174k

Balance Sheet

Intangible assets£5
Bank loans & overdrafts£67k
Assets less current liabilities£2.6M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20241.97+£326k
20231.65+£349k
20221.49+£275k
20211.50

Derived from filed accounts. Not audited figures.