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Lec Associates Limited

11062726

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

5 LUKE STREET, GREATER LONDON, EC2A 4PX
Incorporated 14/11/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Andrew Charles Michael Collins

director · Since 14/11/2017

DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 3 other boards

Mrs Lesley Elizabeth Collins

director · Since 14/11/2017

DIRECTOR

BRITISH · ENGLAND · Age 83

Mrs Emma Alexandra Elizabeth Palmer

director · Since 14/11/2017

DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 2 other boards

Persons with Significant Control

Mr Andrew Charles Michael Collins

25–50% shares
25–50% votes

British · England · Age 46

5 Luke Street, London, EC2A 4PX

Notified 14/11/2017

Mrs Emma Alexandra Elizabeth Palmer

25–50% shares
25–50% votes

British · England · Age 42

5 Luke Street, London, EC2A 4PX

Notified 14/11/2017

Charges2 outstanding

Charge
outstanding

EFG PRIVATE BANK LIMITED

Created 21/07/2023Registered 25/07/2023
Charge
satisfied

EFG PRIVATE BANK LIMITED

Created 21/07/2023Registered 24/07/2023Satisfied 26/07/2023
Charge
outstanding

UBS AG LONDON BRANCH

Created 19/04/2022Registered 30/04/2022

CompanyRankvs 57713+ SIC 68209 peers
53

Financial strength92th percentile among SIC peers · 23/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.23× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 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.

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 30/11/2024

Net Worth

£845k

Balance sheet strength

Cash

£34k

Cash in the bank

Net Current Assets

-£6.3M

Working capital

Current Assets

£1.9M

Current Liabilities

£8.2M

Debtors

£1.5M

3avg. employees

Balance Sheet

Bank loans & overdrafts£1.5M
Assets less current liabilities£1.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.23+£1.0M
20230.17-£26k
20220.00-£178k
20210.01+£54k
20200.70

Derived from filed accounts. Not audited figures.