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Free Green Energy Corporation Limited

07359678

active
Private Limited Company
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

C/O EXTERNAL SERVICES LIMITED CENTRAL HOUSE, 20 CENTRAL AVENUE, NORWICH, NR7 0HR
Incorporated 27/08/2010

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 30/04/2026

Due 14/05/2027

On track

Industry

35110
Production of electricity

Officers

Mr Michael Kenneth Sheridan

director · Since 27/08/2010

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 76

Also on 19 other boards

Mr Gordon Brian Wylie C Eng Mba Msc(Eng)

director · Since 18/03/2013

DIRECTOR

BRITISH · ENGLAND · Age 65

Also on 10 other boards

External Officer Limited

secretary · Since 25/08/2016

Also on 125 other boards

Persons with Significant Control

Free Green Electricity Corporation Limited

75–100% shares
75–100% votes

Oakways, Tubbs Lane, Newbury, RG20 9PQ

Reg: 07361198 · England And Wales · Private Limited Company

Notified 20/12/2018

Charges3 outstanding

Charge
outstanding

CLOSE LEASING LIMITED

Created 12/07/2021Registered 13/07/2021
Charge
outstanding

CLOSE LEASING LIMITED AND ITS SUCCESSORS IN TITLE, ASSIGNEES AND TRANSFEREES

Created 11/04/2019Registered 18/04/2019
Charge
outstanding

CLOSE LEASING LIMITED AND ITS SUCCESSORS IN TITLE, ASSIGNEES AND TRANSFEREES

Created 20/12/2018Registered 27/12/2018

CompanyRankvs 71+ SIC 35110 peers
75

Financial strength91th percentile among SIC peers · 23/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 3.02× · 20/20
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 strength23/25 pts

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

Employees12/15 pts

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

Liquidity20/20 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 31/03/2025

Net Worth

£1.1M

Balance sheet strength

Cash

£33k

Cash in the bank

Net Current Assets

£95k

Working capital

Current Assets

£143k

Current Liabilities

£47k

Fixed Assets

£1.3M

Debtors

£109k

2avg. employees

Tax at Year End(2020)

Corp tax£2

Balance Sheet

Assets less current liabilities£1.4M
Prepared with BTCSoftware AP Solution 2025 12.1.03

EstimatesDerived

YearCurrent RatioImplied Profit
20253.02-£214k
20249.36-£239k
202319.62-£241k
202222.80-£229k
202126.06-£217k
202022.27-£158k
201917.23—

Derived from filed accounts. Not audited figures.