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Iq Energy Centre Limited

11678461

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

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

MILLHOUSE 32-38 EAST STREET, ESSEX, SS4 1DB
Incorporated 15/11/2018

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 14/12/2025

Due 28/12/2026

On track

Industry

35110
Production of electricity

Officers

Mr Thorvald Spanggaard

director · Since 08/01/2020

PROJECT DIRECTOR

DANISH · DENMARK · Age 51

Also on 13 other boards

Persons with Significant Control

European Energy Uk Limited

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

4th Floor Afton House, 26 West Nile Street, Glasgow, G1 2PF

Reg: Sc654925 · Companies House · Limited By Shares

Notified 17/02/2022

Former PSCs

Suncredit Power Balancing Limited

Ceased 01/12/2018

Suncredit Project Holdings Ltd

Ceased 02/12/2018

Suncredit Power Balancing Ltd

Ceased 06/09/2019

Taunton Energy Centre Ltd

Ceased 18/12/2019

Suncredit Energy Ltd

Ceased 08/01/2020

European Energy Photovoltaics Limited

Ceased 17/02/2022

Rivington Storage Limited

Ceased 26/08/2025

Charges0 outstanding

Charge
satisfied

EUROPEAN ENERGY A/S

Created 12/02/2020Registered 14/02/2020Satisfied 06/10/2025
Charge
satisfied

PETER JOFFE

Created 20/08/2019Registered 06/09/2019Satisfied 29/01/2020

CompanyRankvs 1949+ SIC 35110 peers
49

Financial strength13th percentile among SIC peers · 3/25
Employees22th percentile among SIC peers · 3/15
LiquidityCurrent ratio 3.09× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength3/25 pts

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

Employees3/15 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

-£25k

Balance sheet strength

Cash

£7k

Cash in the bank

Net Current Assets

£11k

Working capital

Current Assets

£16k

Current Liabilities

£5k

Fixed Assets

£1.6M

Debtors

£9k

0avg. employees

Balance Sheet

Intangible assets£1.6M
Assets less current liabilities£1.6M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20243.09+£848
20233.16-£6k
20224.40-£6k
20211.31-£6k
20200.60
2019NaN

Derived from filed accounts. Not audited figures.