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Iq Electrical & Mechanical Ltd

14897187

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNIT 15, OSWESTRY, SY10 8HA
Incorporated 26/05/2023

Compliance

Last accounts

31/05/2025

total exemption full

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 25/05/2025

Due 08/06/2026

On track

Industry

43210
Electrical installation

Officers

Mr Jake Daniel Isted

director · Since 26/05/2023

ELECTRICAL ENGINEER

BRITISH · UNITED KINGDOM · Age 28

Mr Luke Alistair Geoffrey Quayle

director · Since 26/05/2023

PROJECT MANAGER

BRITISH · UNITED KINGDOM · Age 28

Persons with Significant Control

Mr Luke Alistair Geoffrey Quayle

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 28

Unit 15, Maesbury Road, Oswestry, SY10 8HA

Notified 26/05/2023

Mr Jake Daniel Isted

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 28

Unit 15, Maesbury Road, Oswestry, SY10 8HA

Notified 26/05/2023

CompanyRankvs 41679+ SIC 43210 peers
14

Financial strength10th percentile among SIC peers · 3/25
Employees8th percentile among SIC peers · 1/15
LiquidityCurrent ratio 0.47× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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41679Iq Electrical & Mechanical Ltd
24
How is this score calculated?
Financial strength3/25 pts

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

Employees1/15 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.

Longevity3/15 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.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the comp

Key FinancialsYear ending 31/05/2025

Net Worth

-£2k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£2k

Working capital

Current Assets

£2k

Current Liabilities

£4k

Debtors

£2

0avg. employees
Signed by Mr L Quayle,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.47+£0
20250.47—
20240.83—

Derived from filed accounts. Not audited figures.