Electric Drive Technologies Ltd
11024498
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Dr Wee Keong Khoo
British · England · Age 51
84, Lodge Road, Southampton, SO14 6RG
Notified 20/10/2017
Mrs Xia Wu
British · England · Age 48
84, Lodge Road, Southampton, SO14 6RG
Notified 20/10/2017
CompanyRankvs 7160+ SIC 71121 peers32
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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.
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
-£35k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£17k
Working capital
Current Assets
£109
Current Liabilities
£17k
Fixed Assets
£3k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.01 | -£2k |
| 2023 | 0.03 | +£2k |
| 2022 | 0.08 | -£34k |
| 2021 | 5.11 | +£5k |
| 2020 | 4.13 | -£3k |
| 2019 | 0.07 | -£1k |
| 2018 | 0.15 | — |
Derived from filed accounts. Not audited figures.