# THE FARADAY CENTRE LIMITED (02862022)

> THE FARADAY CENTRE LIMITED is an active private limited company (company number 02862022) incorporated on 13 October 1993, registered in Redcar. Its registered activity is electrical installation (SIC 43210). Latest small accounts cover the period ending 28 February 2025, showing net assets of £2.69m and cash of £2.49m, with 30 employees on average. Net assets rose 45% on the prior period (£1.85m).

- Status: Active
- Incorporated: 1993-10-13
- Registered office: Redcar, TS10 4RF
- SIC 43210: Electrical installation
- SIC 85590: Other education n.e.c.
- Next accounts due: 2026-11-28
- Confirmation statement due: 2027-10-27
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 400 comparable companies in Teesside (median £5,688, upper quartile £31k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-02-28 | £2.69m | £2.49m | £750k | £626k | — | — | 30 |
| 2024-02-28 | £1.85m | £1.73m | £620k | £558k | — | — | 29 |

current ratio 5.19; size band small.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £2,689,318 at 28 February 2025
- Net assets up 10% or more on the prior period: +45.4% vs prior period
- Current assets at least 1.5× creditors within one year: Current ratio 5.19
- Cash at bank of £50,000 or more: Cash £2,486,604
- Incorporated five or more years ago: Incorporated 13 October 1993

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Ms Hannah Grace Thomas — owns 75–100% of shares; holds 75–100% of voting rights, since 2024-09-10

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/02862022
HTML: https://firmoscan.com/company/02862022-the-faraday-centre-limited