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Element 3 North East Limited

08364239

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

THE OLD POST OFFICE, NORTH SHIELDS, NE30 1AY
Incorporated 17/01/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43220
Plumbing, heat and air-conditioning installation

Officers

Mr Kevin Anthony Wheatley

director · Since 17/01/2013

PLUMBER

BRITISH · UNITED KINGDOM · Age 48

Also on 1 other board

Persons with Significant Control

Mr Kevin Anthony Wheatley

75–100% shares

British · United Kingdom · Age 48

The Old Post Office, 63 Saville Street, North Shields, NE30 1AY

Notified 01/07/2016

CompanyRankvs 8174+ SIC 43220 peers
71

Financial strength90th percentile among SIC peers · 23/25
Employees20th percentile among SIC peers · 3/15
LiquidityCurrent ratio 1.85× · 16/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
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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.

Employees3/15 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.

Longevity14/15 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.

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

Key FinancialsYear ending 31/01/2023

Net Worth

£121k

Balance sheet strength

Cash

£256k

Cash in the bank

Net Current Assets

£118k

Working capital

Current Assets

£258k

Current Liabilities

£140k

Fixed Assets

£17k

Debtors

£2k

1avg. employees

Tax at Year End

Corp tax£9k

Director Loans

Company owes directors£114k

Balance Sheet

Assets less current liabilities£136k
Prepared with Sage Accounts Production Advanced 2021 - FRS102_2021

EstimatesDerived

YearCurrent Ratio
20231.85

Derived from filed accounts. Not audited figures.