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Hanks Electrical Ltd

09980526

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

1 COURT MEWS LONDON ROAD, CHELTENHAM, GL52 6HS
Incorporated 01/02/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

Mr Justin Paul Hanks

director · Since 01/02/2016

ELECTRICAL CONTRACTOR

BRITISH · ENGLAND · Age 48

Persons with Significant Control

Mr Justin Paul Hanks

75–100% shares
75–100% votes

British · England · Age 48

1 Court Mews, London Road, Cheltenham, GL52 6HS

Notified 06/04/2016

CompanyRankvs 31593+ SIC 43210 peers
43

Financial strength30th percentile among SIC peers · 8/25
Employees21th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.71× · 6/20
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 strength8/25 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.

Liquidity6/20 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 31/12/2024

Net Worth

£175

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£3k

Working capital

Current Assets

£6k

Current Liabilities

£9k

Fixed Assets

£3k

Debtors

£1k

1avg. employees

Balance Sheet

Assets less current liabilities£805
Signed by J P Hanks 18/03/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.71
20230.39

Derived from filed accounts. Not audited figures.