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Practice Net Limited

00864089

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

RADNOR HOUSE GREENWOOD CLOSE, CARDIFF, CF23 8AA
Incorporated 15/11/1965

Compliance

Last accounts

28/02/2025

total exemption full

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 23/04/2026

Due 07/05/2027

On track

Industry

62012
Business and domestic software development
63110
Data processing, hosting and related activities
95110
Repair of computers and peripheral equipment

Officers

Mr Philip Michael Groves

director · Since 27/03/2018

COMPANY DIRECTOR

WELSH · WALES · Age 66

Also on 4 other boards

Mr Paul Harris

director · Since 27/03/2018

COMPANY DIRECTOR

WELSH · WALES · Age 58

Also on 2 other boards

Persons with Significant Control

Radius Professional Limited

75–100% shares

Cbtc2, Capital Business Park, Cardiff, CF3 2PX

Reg: 03770514 · Uk · Limited Company

Notified 24/05/2017

Mr Philip Michael Groves

25–50% shares

Welsh · Wales · Age 66

53, Bwlch Road, Cardiff, CF5 3BX

Notified 31/03/2018

Mr Paul Harris

25–50% shares

Welsh · Wales · Age 58

53, 53 Bwlch Road, Cardiff, CF5 3BX

Notified 31/03/2018

Charges0 outstanding

charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED

Created 04/07/2000Registered 12/07/2000Satisfied 30/06/2015
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND,AS SECURITY TRUSTEE FOR THE SECURITYBENEFICIAR

Created 02/12/1998Registered 05/12/1998Satisfied 29/03/2018
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND,AS SECURITY TRUSTEE FOR THE SECURITYBENEFICIAR

Created 26/08/1998Registered 09/09/1998Satisfied 29/03/2018
charge
satisfied

3I PLC

Created 10/05/1995Registered 17/05/1995Satisfied 16/05/1998
charge
satisfied

MIDLAND BANK PLC

Created 02/11/1990Registered 19/11/1990Satisfied 22/10/1998
charge
satisfied

3I PLC

Created 18/10/1990Registered 22/10/1990Satisfied 16/05/1998
charge
satisfied

3I PLC

Created 27/07/1990Registered 13/08/1990Satisfied 25/06/1998
charge
satisfied

3I PLC

Created 27/07/1990Registered 13/08/1990Satisfied 16/05/1998

CompanyRankvs 15585+ SIC 62012 peers
62

Financial strength3th percentile among SIC peers · 1/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 12.89× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 28/02/2025

Net Worth

-£161k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

£125k

Working capital

Current Assets

£136k

Current Liabilities

£11k

Debtors

£130k

2avg. employees

Balance Sheet

Assets less current liabilities£125k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202512.89-£21k
202419.99-£15k
202321.05-£14k
202225.57-£6k
202118.60+£5k
20208.34-£1k
201914.06

Derived from filed accounts. Not audited figures.