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Elect Resourcing Ltd

10286647

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
43 / 100

Notable Risks

25/30
Filing
0/30
Financial
18/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Active insolvency proceedings (-20)
  • 1 outstanding charge (-2)

Details

DUCE ACCOUNTANTS 35, CHORLEY, PR7 1JE
Incorporated 19/07/2016

Compliance

Last accounts

31/01/2025

total exemption full

Next accounts due

31/10/2026

On track

Confirmation statement

Last: 14/05/2025

Due 28/05/2026

Overdue

Industry

96090
Other personal service activities

Officers

Mr Neil Anthony Farrow

director · Since 10/03/2020

COMPANY DIRECTOR

ENGLISH · UNITED KINGDOM · Age 49

Also on 5 other boards

Mr David Allan De Livio

director · Since 10/07/2023

SALES DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 2 other boards

Persons with Significant Control

Mr Neil Anthony Farrow

75–100% shares
75–100% votes
Appoint directors

English · United Kingdom · Age 49

Duce Accountants 35, St. Thomas's Road, Chorley, PR7 1JE

Notified 26/01/2026

Former PSCs

Mr Peter James Leighton

Ceased 30/09/2016

Ms Rebecca Jane Mason

Ceased 10/03/2020

Elect Group Ltd

Ceased 26/01/2026

Charges1 outstanding

Charge
outstanding

ECAPITAL COMMERCIAL FINANCE (NORTH) LIMITED

Created 28/02/2024Registered 29/02/2024
Charge
satisfied

CYNERGY BANK LIMITED

Created 21/10/2021Registered 26/10/2021Satisfied 19/05/2025
Charge
satisfied

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 30/03/2020Registered 03/04/2020Satisfied 19/05/2025

Insolvency History1 case

creditors voluntary liquidation02/04/2026

Lisa Marie Moxon (practitioner) · Christopher Benjamin Barrett (practitioner)

CompanyRankvs 64765+ SIC 96090 peers
26

Financial strength1th percentile among SIC peers · 0/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.71× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees15/15 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.

Longevity10/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/01/2025

Net Worth

-£448k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£449k

Working capital

Current Assets

£1.1M

Current Liabilities

£1.6M

Fixed Assets

£2k

Debtors

£1.1M

23avg. employees-5

People Costs(2024)

Wages & salaries£708k
NI contributions£114k

Balance Sheet

Bank loans & overdrafts£18k
Assets less current liabilities-£447k
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20250.71-£202k
20240.85

Derived from filed accounts. Not audited figures.