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Right Contracts Limited

10997274

active
Private Limited Company
england wales
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)
  • Negative net worth (-10)

Details

9 TURNSTONE DRIVE, WOLVERHAMPTON, WV10 7TA
Incorporated 05/10/2017

Compliance

Last accounts

31/10/2024

micro entity

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 06/10/2025

Due 20/10/2026

On track

Industry

43210
Electrical installation

Officers

Duane Beckett

director · Since 05/10/2017

ELECTRICIAN

BRITISH · ENGLAND · Age 49

CompanyRankvs 39442+ SIC 43210 peers
28

Financial strength4th percentile among SIC peers · 1/25
Employees8th percentile among SIC peers · 1/15
LiquidityCurrent ratio 0.12× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength1/25 pts

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

Employees1/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity9/15 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 31/10/2024

Net Worth

-£23k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£38k

Working capital

Current Assets

£5k

Current Liabilities

£44k

Fixed Assets

£16k

-1avg. employees

Balance Sheet

Assets less current liabilities-£22k
Prepared with v2025.43.1 micro_entity_frs_105_v1_1_2 filing

EstimatesDerived

YearCurrent RatioImplied Profit
20240.12-£2k
20230.10-£7k
20220.14-£23k
2021+£0
20190.26
20180.67

Derived from filed accounts. Not audited figures.