THIRD EQUATION LTD
Company number 12188439 · Active · Bristol BS2 0EL
THIRD EQUATION LTD is an active private limited company (company number 12188439) incorporated on 4 September 2019, registered in Bristol. Its registered activity is manufacture of electricity distribution and control apparatus (SIC 27120). Latest small accounts cover the period ending 31 March 2025, showing net assets of −£10.67m and cash of £25k, with 16 employees on average. Net assets fell 56% on the prior period (−£6.84m).
By net assets it sits in the bottom quarter of 445 comparable companies in the UK (median £17k, upper quartile £252k).
Key dates
- Incorporated
- 4 September 2019
- Next accounts due
- 31 December 2026 — in 73 days
- Confirmation statement due
- 18 September 2027 — in 334 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
Activity
- SIC 27120
- Manufacture of electricity distribution and control apparatus
- Accounts type
- Small
- Size band
- Micro (Companies Act thresholds)
Financials — 2 periods on record, latest ending 31 March 2025
| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 March 2025 | −£10.67m | £25k | £398k | £324k | — | — | 16 |
| 31 March 2024 | −£6.84m | £510k | £353k | £245k | — | — | 13 |
- Current ratio
- 1.3
- Cash per employee
- £1,551
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
Firmoscan score: 35/100 (grade D)
- -15 Negative net assets — Net assets £-10,670,812 at 2025-03-31
- -8 Net assets falling — -56.1% vs prior period
- +8 Established — Incorporated 2019-09-04 (7 years)
A transparent, rules-based score from filed data only: every point lists its evidence. It is not a credit rating or advice.
Ownership and control
- Michael Fitzpatrick — owns 50–75% of shares; holds 75–100% of voting rights; can appoint or remove directors · since 7 August 2020
- Mr James William Brooks — owns 25–50% of shares; holds 25–50% of voting rights · since 4 September 2019 · ceased 29 October 2019
- (persons with significant control statement) — · since 29 October 2019 · ceased 7 August 2020
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
Similar companies in Bristol
Same activity (manufacture of electricity distribution and control apparatus), closest in incorporation date.
- JEM CONTROLS LTD — Weston-Super-Mare, inc. Oct 2017
- EIRY ENERGY UK LIMITED — Bristol, inc. Feb 2022
- BUSBAR SOLUTIONS LTD — Bristol, inc. Feb 2022
- ALT RENEWABLES LTD — Weston-Super-Mare, inc. Jan 2023
- QUARTA ENERGY LTD — Bristol, inc. Sept 2023
- BRISTOL BLUEGREEN LIMITED — Bristol, inc. Aug 2013
Reminders for THIRD EQUATION LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.