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Elevate Engineering Limited

15343413

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 1A, LOSWITHIEL, PL22 0HG
Incorporated 11/12/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing
71129
Other engineering activities

Officers

Mr Pani Jack Bundy

director · Since 11/12/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 47

Also on 1 other board

Mr Andrew Rhys Gulliford

director · Since 11/12/2023

GRP ENGINEER

BRITISH · UNITED KINGDOM · Age 37

Persons with Significant Control

Mr Pani Bundy

25–50% shares
25–50% votes

British · United Kingdom · Age 47

Unit 1a, Restormel Industrial Estate, Loswithiel, PL22 0HG

Notified 11/12/2023

Mr Andrew Rhys Gulliford

25–50% shares
25–50% votes

British · United Kingdom · Age 37

Unit 1a, Restormel Industrial Estate, Loswithiel, PL22 0HG

Notified 11/12/2023

CompanyRankvs 10716+ SIC 32990 peers
43

Financial strength43th percentile among SIC peers · 11/25
Employees50th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.51× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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10716Elevate Engineering Limited
38
How is this score calculated?
Financial strength11/25 pts

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

Employees8/15 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 31/12/2024

Net Worth

£1k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£17k

Working capital

Current Assets

£18k

Current Liabilities

£35k

Fixed Assets

£19k

2avg. employees

Balance Sheet

Assets less current liabilities£1k
Prepared with FreeAgent

EstimatesDerived

YearCurrent Ratio
20240.51

Derived from filed accounts. Not audited figures.