THE FARADAY CENTRE LIMITED

Company number 02862022 · Active

THE FARADAY CENTRE LIMITED is a private limited company registered in REDCAR, United Kingdom, incorporated on 13 Oct 1993. Its registered activity is electrical installation. Its latest published accounts for the period ending 28 Feb 2025 show equity of £2.7m, total assets of £3.3m. It has filed 6 sets of accounts, 1 of them after the deadline. Our model estimates a 0.03 % probability that it becomes insolvent within 12 months, 0.2 times the average for active companies (low risk).

Insolvency risk, next 12 months

0.03 %
Low risk
Lowest riskHighest risk

Higher than 89 % of active companies in the United Kingdom. 0.2× the average annual insolvency rate (0.12 %).

Raises the risk

Employees7.0×≥ 8 · 0.81 % became insolvent
Total assets (log)3.1×≥ 6.05274 · 0.37 % became insolvent
Company age (years)2.3×≥ 22.502 · 0.27 % became insolvent
Equity (signed log)2.0×≥ 5.52268 · 0.24 % became insolvent
Industry2.0×43 · 0.23 % became insolvent
Late filings1.8×1–2 · 0.21 % became insolvent

Lowers the risk

Accounts filed0.3×≥ 6 · 0.04 % became insolvent
Equity ratio0.4×0.742974–1 · 0.05 % became insolvent
Accounts overdue0.8×0 · 0.09 % became insolvent
Cash ÷ assets0.9×0.578498–0.951833 · 0.10 % became insolvent

Each factor compares companies in the same group (for example the same age band) with the average. The score is a statistical estimate from public data (model AUC 0.99, trained 8 Nov 2026), not a credit rating. How it works.

Company details

Company number
02862022 · official register
Status
Active
Legal form
Private Limited Company
Incorporated
13 Oct 1993 (33 years)
Registered address
TS10 4RF REDCAR
Postcode area
Cleveland
Activity
43210 Electrical installation
Industry
Specialised construction activities
Accounts overdue
No

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
28 Feb 202515 Oct 2025– –£2.7m£3.3m £626k£2.5m30
28 Feb 202415 Oct 2024– –£1.8m£2.4m £558k£1.7m29
28 Feb 202315 Oct 2023– –£1.1m£1.7m £540k£821k28
28 Feb 202215 Nov 2022– –£386k£784k £356k£241k27
28 Feb 202115 Nov 2021– –£67k£493k £411k£90k29
29 Feb 202015 Feb 2021– –£501k£856k £325k£174k32

As published. Small companies often file a balance sheet only, so turnover and result can be missing.

Similar companies in Cleveland

Questions about THE FARADAY CENTRE LIMITED

What is the company number of THE FARADAY CENTRE LIMITED?

THE FARADAY CENTRE LIMITED is registered under company number 02862022 in the official register of United Kingdom. View it at the official register.

Is THE FARADAY CENTRE LIMITED still active?

Yes. THE FARADAY CENTRE LIMITED is registered as active (status: Active).

Has THE FARADAY CENTRE LIMITED gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for THE FARADAY CENTRE LIMITED in the official data.

How likely is THE FARADAY CENTRE LIMITED to become insolvent?

Our model estimates a 0.03 % probability that THE FARADAY CENTRE LIMITED becomes insolvent within the next 12 months (low risk). That is higher than 89 % of active companies in the United Kingdom.

When was THE FARADAY CENTRE LIMITED founded?

THE FARADAY CENTRE LIMITED was incorporated on 13 Oct 1993.

Where is THE FARADAY CENTRE LIMITED registered?

THE FARADAY CENTRE LIMITED's registered address is in TS10 4RF REDCAR (Cleveland), United Kingdom.

What do the latest accounts of THE FARADAY CENTRE LIMITED show?

The latest published accounts (period ending 28 Feb 2025) show equity of £2.7m, total assets of £3.3m, 30 employees.

Data: Companies House – Free Company Data Product, Accounts Data Product, Public Data API (Contains public sector information licensed under the Open Government Licence v3.0.). Last updated 8 Nov 2026.