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Ipsum Power (Midlands) Limited

11479068

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

ROCHESTER HOUSE FOXHOLE ROAD, CHORLEY, PR7 1NY
Incorporated 23/07/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

Mr Simon John Blundred

director · Since 23/07/2018

ENGINEER

ENGLISH · ENGLAND · Age 56

Mr Carl Edward Thompson

director · Since 23/07/2018

ENGINEER

ENGLISH · ENGLAND · Age 51

Also on 4 other boards

Mr Lee Maxwell

director · Since 18/08/2024

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 20 other boards

Mr Mathew Gareth Vaughan

director · Since 18/08/2024

CFO

BRITISH · UNITED KINGDOM · Age 49

Also on 38 other boards

Mr Andrew David Cowan

director · Since 14/10/2024

CEO

BRITISH · ENGLAND · Age 59

Also on 48 other boards

Persons with Significant Control

Ipsum Utilities Limited

75–100% shares
75–100% votes
Appoint directors

Rochester House, Ackhurst Business Park, Chorley, PR7 1NY

Reg: 11243426 · England And Wales Companies House Register · Private Limited Company

Notified 18/08/2024

Former PSCs

Mr Carl Edward Thompson

Ceased 18/08/2024

Mr Simon John Blundred

Ceased 18/08/2024

Charges1 outstanding

Charge
outstanding

LLOYDS BANK PLC (AS SECURITY AGENT FOR THE BENEFICIARIES)

Created 16/12/2024Registered 18/12/2024

CompanyRankvs 2971+ SIC 43210 peers
71

Financial strength97th percentile among SIC peers · 24/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.17× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 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.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity8/15 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 31/07/2024

Net Worth

£653k

Balance sheet strength

Cash

£949k

Cash in the bank

Net Current Assets

£579k

Working capital

Current Assets

£1.1M

Current Liabilities

£494k

Fixed Assets

£95k

Debtors

£118k

14avg. employees+1

Tax at Year End

Corp tax£150k

Balance Sheet

Assets less current liabilities£673k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.17+£337k
20231.41+£48k
20221.77+£175k
20211.71+£96k
20201.22-£12k
20191.12—

Derived from filed accounts. Not audited figures.