Freewater Electric Limited
11225608
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 26/02/2018
director · Since 26/02/2018
ELECTRICAL ENGINEER
BRITISH · UNITED KINGDOM · Age 47
Also on 3 other boards
Persons with Significant Control
Mr Lawrence Carmody
British · United Kingdom · Age 47
7, Richmond Street, Manchester, M43 7XJ
Notified 26/02/2018
CompanyRankvs 5657+ SIC 43210 peers74
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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 31/03/2025
Net Worth
£61k
Balance sheet strength
Cash
£41k
Cash in the bank
Net Current Assets
£50k
Working capital
Current Assets
£79k
Current Liabilities
£29k
Fixed Assets
£12k
Debtors
£38k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.72 | +£20k |
| 2024 | 2.04 | -£19k |
| 2023 | 5.66 | -£16k |
| 2022 | 3.16 | -£20k |
| 2021 | 2.88 | +£22k |
| 2020 | 3.10 | +£13k |
| 2019 | 1.78 | — |
Derived from filed accounts. Not audited figures.