Faraday Wheelchair Innovations Ltd
13072015
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 09/12/2020
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 53
Also on 1 other board
Persons with Significant Control
Mr Martin Andrew Beddis
British · England · Age 53
Unit 33, Percival Lane Industrial Estate, Runcorn, WA7 4UY
Notified 09/12/2020
CompanyRankvs 5176+ SIC 33190 peers33
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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 31/12/2024
Net Worth
-£273
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£3k
Working capital
Current Assets
£11k
Current Liabilities
£14k
Fixed Assets
£3k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.81 |
| 2023 | 0.69 |
| 2022 | 1.02 |
| 2021 | 6.13 |
Derived from filed accounts. Not audited figures.