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Principality Medical Limited

02131613

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

UNIT 7J, NOTTINGHAM, NG6 8YP
Incorporated 13/05/1987

Compliance

Last accounts

30/09/2024

small

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 05/06/2025

Due 19/06/2026

On track

Industry

32500
Manufacture of medical and dental instruments and supplies

Officers

Mr Nicholas James Goodban

director · Since 20/06/2024

CHIEF FINANCIAL OFFICER

BRITISH · ENGLAND · Age 49

Also on 24 other boards

Persons with Significant Control

Metsi Bidco Limited

75–100% shares
75–100% votes
Appoint directors

Unit 7j, Blenheim Park Road, Nottingham, NG6 8YP

Reg: 14918838 · England And Wales · Limited Company

Notified 20/06/2024

Former PSCs

Mr Leo Charanjeev Singh

Ceased 01/02/2021

Mr Leo Charanjeev Singh Basil

Ceased 28/05/2024

Hyperglobalmegasystems1

Ceased 20/06/2024

Charges0 outstanding

charge
satisfied

BARCLAYS BANK PLC

Created 28/03/1999Registered 12/04/1999Satisfied 23/04/2024

CompanyRankvs 216+ SIC 32500 peers
83

Financial strength90th percentile among SIC peers · 23/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.97× · 16/20
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 strength23/25 pts

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

Employees14/15 pts

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

Liquidity16/20 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 31/03/2024

Net Worth

£857k

Balance sheet strength

Cash

£529k

Cash in the bank

Net Current Assets

£696k

Working capital

Current Assets

£1.4M

Current Liabilities

£719k

Fixed Assets

£199k

Debtors

£560k

31avg. employees+5

Tax at Year End

Corp tax£332k
VAT£169k

Director Loans

Company owes directors£6k

Balance Sheet

Assets less current liabilities£894k
Signed by Mr L C Basil 15/05/2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20241.97+£78k£3.4M
20233.12+£7k£383k
20223.46+£10k£1.0M
20214.00+£161k£1.0M
20202.08+£29k£553k
20192.46-£28k
20173.14

Derived from filed accounts. Not audited figures.