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Alfanar Energy Limited

11520080

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

1-6 LOMBARD STREET, LONDON, EC3V 9AA
Incorporated 15/08/2018

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 14/08/2025

Due 28/08/2026

On track

Industry

35110
Production of electricity
35120
Transmission of electricity
35130
Distribution of electricity
42220
Construction of utility projects for electricity and telecommunications

Officers

Mr Mishal Sabah M Almutlaq

director · Since 15/08/2018

DIRECTOR

SAUDI ARABIAN · SAUDI ARABIA · Age 38

Mr Jamal Wadi

director · Since 15/08/2018

DIRECTOR

CANADIAN · SAUDI ARABIA · Age 65

Persons with Significant Control

Sabah Mohammed Almutlaq

Significant control

Saudi Arabian · Saudi Arabia · Age 74

Alfanar Building, Northern Ring Road Btwn Exits 5&6, Riyadh 11632

Notified 15/08/2018

Abdulsalam Mohammed Almutlaq

Significant control

Saudi Arabian · Saudi Arabia · Age 79

Al-Nafal, Building No. 4006, Al Alou Street, 6643, Riyadh

Notified 15/08/2018

Former PSCs

Al Fanar Company (Limited Liability Co.)

Ceased 15/08/2018

CompanyRankvs 1452+ SIC 35110 peers
51

Financial strength69th percentile among SIC peers · 17/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength17/25 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.

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

Going concern doubt: -10 pts

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

Going Concern Doubt

liabilities of £718,220. However it must be noted that a significant portion of the creditors relates to funding arrangement with a fellow group company. The Company’s ability to continue as a going concern is dependent upon successfully executing its plans to achieve profitability in the long-term. The Company’s financial statements do not include any adjustments that might be necessary if

Key FinancialsYear ending 31/12/2024

Net Worth

£10k

Balance sheet strength

Cash

£1.5M

Cash in the bank

Net Current Assets

-£718k

Working capital

Current Assets

£63.1M

Current Liabilities

£63.9M

Fixed Assets

£67k

Debtors

£29.7M

22avg. employees+8

Balance Sheet

Intangible assets£15k
Assets less current liabilities-£651k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.99+£375k
20230.98—

Derived from filed accounts. Not audited figures.