Firstway Solar Ltd
14056763
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 20/04/2022
DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 3 other boards
Persons with Significant Control
Mr Philip Andrew Patrick
British · England · Age 52
Foresters Hall, 25 - 27 Westow Street, London, SE19 3RY
Notified 20/04/2022
CompanyRankvs 35359+ SIC 43210 peers38
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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 30/06/2024
Net Worth
£1k
Balance sheet strength
Cash
£4k
Cash in the bank
Net Current Assets
-£1.4M
Working capital
Current Assets
£2.5M
Current Liabilities
£3.9M
Debtors
£705k
Profit After Tax
-£985k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.63 |
| 2023 | 0.50 |
Derived from filed accounts. Not audited figures.