Friction Energy Ltd
12763254
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 23/07/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 56
Also on 3 other boards
director · Since 23/07/2020
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 64
director · Since 23/07/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 61
Also on 5 other boards
director · Since 03/06/2025
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 44
Also on 6 other boards
director · Since 07/11/2025
BRITISH · UNITED KINGDOM · Age 41
Also on 5 other boards
CompanyRankvs 2712+ SIC 35110 peers45
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/07/2024
Net Worth
-£62k
Balance sheet strength
Cash
£19k
Cash in the bank
Net Current Assets
-£75k
Working capital
Current Assets
£302k
Current Liabilities
£377k
Fixed Assets
£16k
Debtors
£283k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.80 | — |
| 2023 | 0.27 | — |
| 2022 | 0.22 | -£94k |
| 2021 | 0.17 | — |
Derived from filed accounts. Not audited figures.