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Faraday Fab Engineering Ltd

15268354

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

UNIT 3, BROADSTAIRS, CT10 3AT
Incorporated 08/11/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Shaun Faraday

secretary · Since 08/11/2023

Also on 1 other board

Mr Shaun Faraday

director · Since 08/11/2023

ENGINEER

ENGLISH · UNITED KINGDOM · Age 59

Also on 1 other board

Persons with Significant Control

Mr Shaun Faraday

75–100% votes

English · United Kingdom · Age 59

Unit 3, Dane Valley Road, Broadstairs, CT10 3AT

Notified 08/11/2023

CompanyRankvs 6703+ SIC 25990 peers
29

Financial strength20th percentile among SIC peers · 5/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.96× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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6703Faraday Fab Engineering Ltd
24
How is this score calculated?
Financial strength5/25 pts

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

Employees0/15 pts

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

Liquidity6/20 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.

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

Key FinancialsYear ending 30/11/2024

Net Worth

£46

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£967

Working capital

Current Assets

£27k

Current Liabilities

£28k

Fixed Assets

£1k

Debtors

£23k

Balance Sheet

Assets less current liabilities£46
Signed by Mr Shaun Faraday 23 April 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.96

Derived from filed accounts. Not audited figures.