Company Overview
Nailsea Electrical Limited is listed at the official companies registry as In Administration Private Limited Company. The company was incorporated on Wednesday 09 March 1994, so this is a well established company. Nailsea Electrical Limited has been in business for 32 years. The accounts status is total exemption full and the accounts are next due on Wednesday 31 July 2024.
Registered Address

C/O Forvis Mazars Llp, 90, Victoria Street, Bristol, BS1 6DP
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Companies House Data
Company NameNAILSEA ELECTRICAL LIMITED
Company Number02906416
Registered Office AddressC/O Forvis Mazars Llp, 90
 Victoria Street
 BS1 6DP
Company CategoryPrivate Limited Company
Company StatusIn Administration
Country of OriginUnited Kingdom
Incorporation Date09/03/1994
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2024
Accounts Last Made Up Date30/04/2022
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date24/03/2017
Returns Last Made Up Date24/02/2016
Directors & Members
Show Resigned
Benjamin Gilks - Director
(British, 41 years old, born March 1985)
Appointed 01 May 2006
 Active
Peter Gilks - Director
(British, 65 years old, born May 1961)
Appointed 16 March 1994
 Active
Secretaries
Show Resigned
Other Company Directorships
Benjamin Gilks
102 APARTMENTS LIMITED
ANY APPLIANCES ONLINE LIMITED
BDA REPAIRS LTD
BGCP LTD
BGNR HOLDINGS LIMITED
BJ INVESTMENT PROPERTY LIMITED
BLACK 23 DIGITAL LIMITED
DBL PRODUCTIONS LTD
EIGHTY2 DESIGN & BUILD LTD
EIGHTY2 LIMITED
GILKS HOLDINGS LIMITED
NE APPLIANCES LIMITED
NE APPLIANCES ONLINE LIMITED
UP WE GO DEVELOPMENTS LTD
Peter Gilks
102 APARTMENTS LIMITED
AFFORDABLE APPLIANCES & REPAIRS LIMITED
CIDER ORCHARD EXPORTS LIMITED
NE APPLIANCES LIMITED
SIRIUS KITCHENS LIMITED
THE SIRIUS BUYING COMPANY LIMITED
THE SOLUS BUYING COMPANY LIMITED
Balance Sheet Unlock full report
Accounts Date 30-Apr-2022 30-Apr-2021 30-Apr-2020
Balance Sheet
Fixed Assets 1,136,327 1,136,327 1,281,035
Current Assets 2,155,081 2,155,081 743,544
Creditors Due Within One Year 2,508,475 2,508,475 824,208
Working Cap -353,394 -353,394 -80,664
Total Assets Less Current Liabilities 782,933 782,933 1,200,371
Long-term Liabilities 76,900 76,900 477,411
Net Assets 706,033 706,033 722,960
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 706,033 706,033 722,960
Common Size Financial Analysis Unlock full report
Accounts Date 30-Apr-2022 30-Apr-2021 30-Apr-2020
Tangible Fixed Assets - - -
Fixed Assets 34.5% 34.5% 63.3%
Stocks Inventory - - -
Debtors 29.6% 29.6% 13.2%
Cash Bank In Hand 11.6% 11.6% 0.1%
Current Assets 65.5% 65.5% 36.7%
Creditors Due Within One Year 76.2% 76.2% 40.7%
Net Current Assets Liabilities -10.7% -10.7% -4.0%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 21.5% 21.5% 35.7%
Capital Employed - - -
Total Assets Less Current Liabilities 23.8% 23.8% 59.3%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Apr-2022 30-Apr-2021 30-Apr-2020
Liquidity Ratio 0.9 0.9 0.9
Solvency Ratio 1.3 1.3 1.6
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 8
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 6
Assets and Debt Analysis Unlock full report
Accounts Date 30-Apr-2022 30-Apr-2021 30-Apr-2020
Assets 3,291,408 3,291,408 2,024,579
Debt 2,585,375 2,585,375 1,301,619
Net Assets/Debt 706,033 706,033 722,960

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows In Administration.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows In Administration.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows In Administration.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Administrator's progress report
Notice of order removing administrator from office
Administrator's progress report
Registered office address changed from C/O Forvis Mazars Llp, 90 Victoria Street Bristol BS1 6DP to Floor 8, Assembly Building C Cheese Lane Bristol BS2 0JJ on 5 June 2025
Administrator's progress report
Result of meeting of creditors
Statement of administrator's proposal
Registered office address changed from C/O Forvis Mazars Llp, 90 Victoria Street Bristol BS1 6DP to C/O Forvis Mazars Llp, 90 Victoria Street Bristol BS1 6DP on 18 July 2024
Registered office address changed from Unit 3 Enterprise Trade Centre Roman Farm Road Hengrove Bristol BS4 1UN England to C/O Forvis Mazars Llp, 90 Victoria Street Bristol BS1 6DP on 12 July 2024
Appointment of an administrator
Termination of appointment of Giles Timothy Vaughan Pushman as a director on 17 April 2024
Confirmation statement made on 24 February 2024 with no updates
Current accounting period extended from 30 April 2023 to 31 October 2023
Termination of appointment of Julia Janette Holley as a secretary on 31 May 2023
Confirmation statement made on 24 February 2023 with no updates
Notification of Gilks Holdings Ltd as a person with significant control on 11 March 2020
Appointment of Mr Giles Timothy Vaughan Pushman as a director on 1 May 2022
Confirmation statement made on 24 February 2022 with no updates
Registration of charge 029064160007, created on 21 May 2021
Registration of charge 029064160008, created on 21 May 2021
Satisfaction of charge 2 in full
Satisfaction of charge 5 in full
Satisfaction of charge 029064160006 in full
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