Padda Electricals Limited
11045952
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
30/11/2024
micro entity
Next accounts due
31/08/2026
Confirmation statement
Last: 02/11/2025
Due 16/11/2026
Industry
Officers
secretary · Since 10/04/2018
Persons with Significant Control
Mr Gurvinder Singh Padda
British · England · Age 29
213, South Park Drive, Ilford, IG3 9AJ
Notified 03/11/2017
CompanyRankvs 27470+ SIC 43210 peers45
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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 30/11/2024
Net Worth
£29k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£40k
Working capital
Current Assets
£16k
Current Liabilities
£56k
Fixed Assets
£46k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.28 | +£1k |
| 2023 | 0.11 | +£51k |
| 2022 | 0.34 | -£28k |
| 2021 | — | -£1 |
| 2020 | 0.45 | -£31k |
| 2019 | 1.36 | — |
| 2018 | 2.62 | — |
Derived from filed accounts. Not audited figures.