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Prime Electrical Solutions Ltd

09386301

active
Private Limited Company
england wales
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

STAFFORDSHIRE KNOT, WEDNESBURY, WS10 8TE
Incorporated 13/01/2015

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 01/04/2026

Due 15/04/2027

On track

Industry

43210
Electrical installation

Officers

Mr Mark Powell

director · Since 11/12/2015

ELECTRICIAN

BRITISH · ENGLAND · Age 52

Mr Jag Singh

director · Since 11/12/2015

ELECTRICIAN

BRITISH · UNITED KINGDOM · Age 47

Merlin Business Services Uk Ltd

secretary · Since 01/01/2017

Also on 630 other boards

Persons with Significant Control

Mr Mark Powell

25–50% shares

English · England · Age 62

55, Edwin Phillips Drive, West Bromwich, B71 2AZ

Notified 01/05/2016

Mr Jagdip Singh

25–50% shares

English · England · Age 47

8, Beacon Road, Walsall, WS5 3LF

Notified 01/07/2023

CompanyRankvs 5044+ SIC 43210 peers
75

Financial strength82th percentile among SIC peers · 21/25
Employees55th percentile among SIC peers · 8/15
LiquidityCurrent ratio 7.18× · 20/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength21/25 pts

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

Employees8/15 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.

Longevity11/15 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 31/03/2025

Turnover

£157k

Annual revenue

Net Worth

£67k

Balance sheet strength

Cash

£28k

Cash in the bank

Profit Before Tax

£6k

Bottom line earnings

Net Current Assets

£56k

Working capital

Current Assets

£64k

Current Liabilities

£9k

Fixed Assets

£3k

Debtors

£37k

Cost of Sales

£133k

Gross Profit

£24k

Admin Expenses

£18k

Operating Profit

£5k

Profit After Tax

£5k

2avg. employees

Tax at Year End

Corp tax£1k
Dividends paid£14k

Balance Sheet

Assets less current liabilities£59k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20257.18+£25k
20245.93+£866
20235.03+£761
20228.80-£5k
202112.73-£2
20201.86+£27k
20191.50

Derived from filed accounts. Not audited figures.