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Firstlite (Uk) Limited

07554024

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

UNIT D6 PRINCESWAY NORTH, GATESHEAD, NE11 0TU
Incorporated 07/03/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46520
Wholesale of electronic and telecommunications equipment and parts

Officers

Mrs Megan Louise Woodcock

director · Since 20/05/2022

SALES DIRECTOR

BRITISH · ENGLAND · Age 33

Also on 2 other boards

Persons with Significant Control

Mrs Megan Louise Woodcock

75–100% shares
75–100% votes
right-to-appoint-and-remove-directors-as-firm

British · England · Age 33

Unit H27, Eleventh Avenue North, Gateshead, NE11 0NJ

Notified 20/05/2022

Former PSCs

Mr David John Holmes

Ceased 20/05/2022

Charges2 outstanding

Charge
outstanding

ULTIMATE FINANCE LIMITED

Created 01/06/2022Registered 01/06/2022
Charge
outstanding

ULTIMATE FINANCE LIMITED

Created 13/12/2019Registered 16/12/2019

CompanyRankvs 176+ SIC 46520 peers
75

Financial strength89th percentile among SIC peers · 22/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 2.7× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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176Firstlite (Uk) Limited
85
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.

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

£478k

Balance sheet strength

Cash

£24k

Cash in the bank

Net Current Assets

£669k

Working capital

Current Assets

£1.1M

Current Liabilities

£393k

Fixed Assets

£14k

Debtors

£598k

6avg. employees

Balance Sheet

Assets less current liabilities£683k

EstimatesDerived

YearCurrent RatioImplied Profit
20252.70+£33k
20242.27+£98k
20232.46—

Derived from filed accounts. Not audited figures.