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Code Electrical Ltd

11509762

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

B06 FUEL TANK BUSINESS CENTRE, LONDON, SE8 3DX
Incorporated 09/08/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

Mr Joe Gibson

director · Since 21/05/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 38

Also on 1 other board

Mr Joseph Dean Thornton

director · Since 01/12/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 37

Also on 1 other board

Persons with Significant Control

Mr Joe Gibson

25–50% shares
25–50% votes

British · United Kingdom · Age 38

Fuel Tank Business Centre, Creekside, London, SE8 3DX

Notified 21/05/2020

Mr Joseph Dean Thornton

25–50% shares
25–50% votes

British · United Kingdom · Age 37

Fuel Tank Business Centre, Creekside, London, SE8 3DX

Notified 01/12/2020

Former PSCs

Mr Michael Richard James

Ceased 21/05/2020

CompanyRankvs 10381+ SIC 43210 peers
71

Financial strength84th percentile among SIC peers · 21/25
Employees76th percentile among SIC peers · 11/15
LiquidityCurrent ratio 1.8× · 16/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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10381Code Electrical Ltd
66
How is this score calculated?
Financial strength21/25 pts

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

Employees11/15 pts

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

Liquidity16/20 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/08/2024

Net Worth

£83k

Balance sheet strength

Cash

£50k

Cash in the bank

Net Current Assets

£79k

Working capital

Current Assets

£177k

Current Liabilities

£99k

Fixed Assets

£42k

Debtors

£127k

3avg. employees-1

Balance Sheet

Assets less current liabilities£120k
Signed by Mr Joe Gibson Mr Joseph Thornton 28/03/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.80+£11k
20231.88+£26k
20221.66+£26k
20211.38+£10k
20201.68-£2k
20194.57—

Derived from filed accounts. Not audited figures.