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Mep Systems Limited

10488837

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

HARSCOMBE HOUSE, PLYMOUTH, PL6 7TL
Incorporated 21/11/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

Mr Jeremy Richard Martin

director · Since 17/01/2017

PLUMBING/HEATING ENGINEER

BRITISH · UNITED KINGDOM · Age 56

Also on 3 other boards

Mr Robert Mark Ward

director · Since 17/01/2017

ELECTRICIAN/PROJECT MANAGER

BRITISH · UNITED KINGDOM · Age 59

Mr Peter Congo

director · Since 10/03/2017

TECHNICAL DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Also on 8 other boards

Persons with Significant Control

Mr Peter Congo

50–75% shares
50–75% votes

British · United Kingdom · Age 53

Harscombe House, 1 Darklake View, Plymouth, PL6 7TL

Notified 21/11/2016

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 02/07/2020Registered 04/07/2020

CompanyRankvs 2569+ SIC 43210 peers
72

Financial strength99th percentile among SIC peers · 25/25
Employees83th percentile among SIC peers · 12/15
LiquidityCurrent ratio 2.31× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees12/15 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.

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

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

Key FinancialsYear ending 30/11/2025

Net Worth

£1.4M

Balance sheet strength

Cash

£807k

Cash in the bank

Net Current Assets

£1.4M

Working capital

Current Assets

£2.4M

Current Liabilities

£1.0M

Fixed Assets

£309k

Debtors

£1.6M

4avg. employees

Balance Sheet

Bank loans & overdrafts£29k
Assets less current liabilities£1.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20252.31+£0
20252.31+£263k
20242.13+£103k
20232.19+£156k
20221.86-£150k
20212.22

Derived from filed accounts. Not audited figures.