Universal Electrics Ltd
11577056
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Universal Group Management Ltd
118, Sydenham Road, Sydenham, SE26 5JX
Notified 06/04/2024
Former PSCs
Mrs Sabahete Bajrami
Ceased 06/04/2024
CompanyRankvs 39030+ SIC 43210 peers19
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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.
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
and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going
Key FinancialsYear ending 30/11/2024
Net Worth
-£24k
Balance sheet strength
Cash
£4
Cash in the bank
Net Current Assets
-£23k
Working capital
Current Assets
£745
Current Liabilities
£24k
Debtors
£741
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.03 | -£2k |
| 2024 | 0.04 | -£11k |
| 2023 | 0.30 | — |
| 2022 | 0.97 | — |
| 2021 | 0.77 | — |
| 2020 | 0.92 | — |
| 2019 | 1.01 | — |
Derived from filed accounts. Not audited figures.