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Explore Plugs Ltd

15449117

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)

Details

124 CITY ROAD, LONDON, EC1V 2NX
Incorporated 29/01/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

96090
Other personal service activities

Officers

Mr Moataz Elokda

director · Since 29/01/2024

CO-FOUNDER AT EXPLORE PLUGS LTD / OWNER

EGYPTIAN · EGYPT · Age 35

Mr Amr Gaafar

director · Since 29/01/2024

FOUNDER AT EXPLORE PLUGS LTD / PROJECT M

BRITISH · UNITED KINGDOM · Age 36

Also on 1 other board

Persons with Significant Control

Moataz Elokda

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

Egyptian · Egypt · Age 35

124, City Road, London, EC1V 2NX

Notified 29/01/2024

Mr Amr Gaafar

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

British · United Kingdom · Age 36

124, City Road, London, EC1V 2NX

Notified 29/01/2024

CompanyRankvs 103784+ SIC 96090 peers
27

Financial strength35th percentile among SIC peers · 9/25
Employees0th percentile among SIC peers · 0/15
LiquidityNo balance sheet data · 0/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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103784Explore Plugs Ltd
26
How is this score calculated?
Financial strength9/25 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.

Liquidity0/20 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 31/01/2025

Net Worth

£100

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£100

Working capital

Current Assets

£100

Current Liabilities

—

Balance Sheet

Assets less current liabilities£100