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Oec (Electrical) Ltd

11074779

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 1 LONG BARN FROGMILL TRACK, WANGFIELD LANE, SOUTHAMPTON, SO32 2DA
Incorporated 21/11/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

Mr Michael Sean Ellis

director · Since 21/11/2017

ELECTRICAL DIRECTOR

BRITISH · ENGLAND · Age 38

Mrs Lucy Joanne Ellis

director · Since 21/11/2017

OFFICE DIRECTOR

BRITISH · ENGLAND · Age 39

Also on 1 other board

Persons with Significant Control

Mrs Lucy Joanne Ellis

25–50% shares

British · England · Age 39

Arundel House, 1 Amberley Court, Crawley, RH11 7XL

Notified 02/01/2022

Mr Michael Sean Ellis

25–50% shares

British · England · Age 38

Arundel House, 1 Amberley Court, Crawley, RH11 7XL

Notified 02/01/2022

CompanyRankvs 29368+ SIC 43210 peers
46

Financial strength3th percentile among SIC peers · 1/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.95× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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29368Oec (Electrical) Ltd
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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.

Employees15/15 pts

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

Liquidity6/20 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 30/11/2024

Net Worth

-£34k

Balance sheet strength

Cash

£117k

Cash in the bank

Net Current Assets

-£49k

Working capital

Current Assets

£873k

Current Liabilities

£922k

Fixed Assets

£130k

Debtors

£716k

15avg. employees+2

Balance Sheet

Assets less current liabilities£82k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.95+£9k
20230.94—

Derived from filed accounts. Not audited figures.