Pearce Electrical (Uk) Limited
07199992
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 23/03/2010
MANAGING DIRECTOR
BRITISH · UNITED KINGDOM · Age 69
Also on 13 other boards
director · Since 20/05/2015
DIRECTOR AND COMPANY SECRETARY
BRITISH · UNITED KINGDOM · Age 66
Also on 11 other boards
director · Since 17/08/2022
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 53
Also on 15 other boards
Persons with Significant Control
Pearce Global Holdings Ltd
Castle Court, Duke Street, Nottingham, NG7 7JN
Reg: 14154886 · England And Wales · Limited Company
Notified 26/08/2022
Former PSCs
Pearce Group Limited
Ceased 26/08/2022
Charges2 outstanding
ELISABETH SNAITH (AS SECURITY TRUSTEE)
CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)
CompanyRankvs 25611+ SIC 43210 peers26
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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
R ENDED 31 MAY 2025 7. Auditors' information The auditors' report on the financial statements for the year ended 31 May 2025 was unqualified and included the following material uncertainty related to going concern paragraph: “We draw attention to note 2.2 in the financial statements, which indicates that at 31 May 2025, the company had net current liabilities of £678,078. As stated in note 2.2, th
Key FinancialsYear ending 31/05/2025
Net Worth
-£669k
Balance sheet strength
Cash
£3k
Cash in the bank
Net Current Assets
-£678k
Working capital
Current Assets
£315k
Current Liabilities
£993k
Fixed Assets
£9k
Debtors
£288k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.32 | +£0 |
| 2025 | 0.32 | +£50k |
| 2024 | 0.25 | -£100k |
| 2023 | 0.18 | -£82k |
| 2022 | 0.21 | -£139k |
| 2021 | 0.33 | -£47k |
| 2020 | 0.41 | — |
Derived from filed accounts. Not audited figures.