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Faraday Design And Prototype Ltd

13477159

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

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

Details

248 HERESON ROAD, RAMSGATE, CT11 7ET
Incorporated 25/06/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71121
Engineering design activities for industrial process and production
71122
Engineering related scientific and technical consulting activities
71129
Other engineering activities

Officers

Mr Richard John Faraday

director · Since 25/06/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 42

Persons with Significant Control

Mr Richard John Faraday

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

British · England · Age 42

248, Hereson Road, Ramsgate, CT11 7ET

Notified 25/06/2021

CompanyRankvs 7248+ SIC 71121 peers
31

Financial strength29th percentile among SIC peers · 7/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.06× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength7/25 pts

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

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity5/15 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 30/06/2025

Net Worth

£50

Balance sheet strength

Cash

£595

Cash in the bank

Net Current Assets

-£16k

Working capital

Current Assets

£1k

Current Liabilities

£17k

Fixed Assets

£3k

Debtors

£450

0avg. employees

Director Loans(2024)

Company owes directors£13k

Balance Sheet

Assets less current liabilities-£13k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.06
20240.04
20230.04

Derived from filed accounts. Not audited figures.