Company Overview
Powerlec Distributors Limited is a Dissolved Private Limited Company.
Registered Address

79 Caroline Street, Birmingham, B3 1UP
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Companies House Data
Company NamePOWERLEC DISTRIBUTORS LIMITED
Company Number04117580
Registered Office Address79 Caroline Street
 B3 1UP
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date30/11/2000
Accounting Reference Date Day30
Accounting Reference Date Month9
Accounts Next Due Date30/06/2019
Accounts Last Made Up Date30/09/2017
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date18/12/2016
Returns Last Made Up Date20/11/2015
Directors & Members
Show Resigned
David Downes - Director
(British, 71 years old, born January 1955)
Appointed 30 November 2000
 Active
Stephen Wilcox-Tobin - Director
(British, 66 years old, born May 1960)
Appointed 30 November 2000
 Active
Secretaries
Show Resigned
Carole Downes - Secretary
(British)
Appointed 30 November 2000
 Active
Other Company Directorships
David Downes
EAST MIDLANDS ELECTRICAL DISTRIBUTORS LIMITED
GB ELECTRICAL SUPPLIES LIMITED
POWERLEC DISTRIBUTORS (DERBYSHIRE) LIMITED
POWERLEC DISTRIBUTORS (SHROPSHIRE) LIMITED
Stephen Wilcox-Tobin
EAST MIDLANDS ELECTRICAL DISTRIBUTORS LIMITED
POWERLEC DISTRIBUTORS (DERBYSHIRE) LIMITED
POWERLEC DISTRIBUTORS (SHROPSHIRE) LIMITED
Balance Sheet Unlock full report
Accounts Date 30-Sep-2017 30-Sep-2016 30-Sep-2015
Balance Sheet
Fixed Assets 48,192 78,868 40,918
Current Assets 821,819 796,137 823,279
Creditors Due Within One Year 546,649 442,617 494,136
Working Cap 275,170 376,721 329,143
Total Assets Less Current Liabilities 323,362 432,388 370,061
Long-term Liabilities 143,359 219,445 187,379
Net Assets 180,003 212,943 182,682
Share Capital & Reserves
Share Cap - 180,003 180,003
Profit & Loss Reserves - 32,940 2,679
Other Reserves - 0 0
Shareholders Funds 180,003 212,943 182,682
Common Size Financial Analysis Unlock full report
Accounts Date 30-Sep-2017 30-Sep-2016 30-Sep-2015
Tangible Fixed Assets - 6.4% 4.7%
Fixed Assets 5.5% 9.0% 4.7%
Stocks Inventory - 19.4% 17.4%
Debtors 74.3% 71.1% 77.6%
Cash Bank In Hand 0.6% 0.5% 0.4%
Current Assets 94.5% 91.0% 95.3%
Creditors Due Within One Year 62.8% 50.6% 57.2%
Net Current Assets Liabilities 31.6% 43.1% 38.1%
Creditors Due After One Year - 24.5% 21.1%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - 0.5% 0.6%
Net Assets Liabilities Including Pension Asset Liability - - 21.1%
Called Up Share Capital - 20.6% 20.8%
Share Capital Allotted Called Up Paid - 0.0% 0.0%
Profit Loss Account Reserve - 3.8% 0.3%
Shareholder Funds 20.7% 24.3% 21.1%
Capital Employed - - -
Total Assets Less Current Liabilities 37.2% 49.4% 42.8%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Sep-2017 30-Sep-2016 30-Sep-2015
Liquidity Ratio 1.5 1.8 1.7
Solvency Ratio 1.3 1.3 1.3
Reserves to Assets - 0.0 0.0
Secured Creditors Unlock full report
Mortgages Charges 9
Mortgages Outstanding 6
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 30-Sep-2017 30-Sep-2016 30-Sep-2015
Assets 870,011 875,005 864,197
Debt 690,008 662,062 681,515
Net Assets/Debt 180,003 212,943 182,682
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
Final Gazette dissolved following liquidation
Return of final meeting in a creditors' voluntary winding up
Liquidators' statement of receipts and payments to 25 October 2019
Registered office address changed from 1192 Aldridge Road Great Barr Birmingham West Midlands B44 8PE to 79 Caroline Street Birmingham B3 1UP on 19 November 2018
Statement of affairs
Appointment of a voluntary liquidator
Resolutions
Termination of appointment of Lisa Watkins as a director on 27 September 2018
Confirmation statement made on 20 November 2017 with no updates
Termination of appointment of Martin Jackson as a director on 21 November 2016
Confirmation statement made on 20 November 2016 with updates
Annual return made up to 20 November 2015 with full list of shareholders
Registration of charge 041175800009, created on 27 August 2015
Annual return made up to 20 November 2014 with full list of shareholders
Appointment of Mrs Lisa Watkins as a director on 30 September 2014
Termination of appointment of Mark Richard Watkins as a director on 30 September 2014
Annual return made up to 19 November 2014 with full list of shareholders
Director's details changed for Mr Mark Richard Watkins on 30 September 2014
Director's details changed for Mr Martin Jackson on 30 September 2014
Appointment of Mr Mark Richard Watkins as a director on 30 September 2014
Appointment of Mr Martin Jackson as a director on 30 September 2014
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