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Current Electrics (Manchester) Ltd

12237724

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

7 FIRS AVENUE, ASHTON UNDER LYNE, OL6 8PL
Incorporated 01/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

Matthew Malcolm

director · Since 01/10/2019

ELECTRICIAN

BRITISH · UNITED KINGDOM · Age 58

Also on 1 other board

Persons with Significant Control

Matthew Malcolm

25–50% shares
25–50% votes

British · United Kingdom · Age 58

232, Stamford Street Central, Ashton Under Lyne, OL6 7NQ

Notified 01/10/2019

Micheala Malcolm

25–50% shares
25–50% votes

British · England · Age 61

232 Stamford Street Central, Ashton-Under-Lyne, OL6 7NQ

Notified 31/03/2021

CompanyRankvs 25746+ SIC 43210 peers
51

Financial strength35th percentile among SIC peers · 9/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.96× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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25746Current Electrics (Manchester) Ltd
46
How is this score calculated?
Financial strength9/25 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.

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.

Longevity7/15 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 31/10/2023

Net Worth

£657

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£3k

Working capital

Current Assets

£76k

Current Liabilities

£79k

Fixed Assets

£4k

6avg. employees

Balance Sheet

Assets less current liabilities£657
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20230.96

Derived from filed accounts. Not audited figures.