Advanced Electric Machines Limited
10480941
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 16/11/2016
RESEARCHER
BRITISH · UNITED KINGDOM · Age 51
Also on 2 other boards
director · Since 26/10/2017
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 59
Persons with Significant Control
Advanced Electric Machines Group Ltd
Teal House, 10 Teal Farm Way, Washington, NE38 8GB
Reg: 12058179 · Companies House · Private Limited Company
Notified 22/07/2019
Former PSCs
Dr Andrew Steven
Ceased 22/07/2019
Dr James Widmer
Ceased 22/07/2019
Charges3 outstanding
INNOVATE UK LOANS LIMITED
LOW CARBON INNOVATION FUND 2 LP
NORTHSTAR VENTURES LIMITED
INNOVATE UK LOANS LIMITED
INNOVATE UK LOANS LIMITED
CompanyRankvs 236+ SIC 71121 peers65
Show leaderboard
How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. Going concern The directors assess whether the use of going concern is appropriate i.e. if there are any material uncertainties related to events or conditions that may cast significant doubt on the a
Key FinancialsYear ending 30/11/2022
Net Worth
£2.0M
Balance sheet strength
Cash
£2.0M
Cash in the bank
Net Current Assets
£3.7M
Working capital
Current Assets
£5.6M
Current Liabilities
£1.9M
Fixed Assets
£205k
Debtors
£2.5M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 3.01 | +£4.9M |
| 2021 | 2.91 | — |
Derived from filed accounts. Not audited figures.