Back to search

Pro Audio Systems Limited

02257035

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

1ST FLOOR, CROMWELL HOUSE, LONDON, WC1V 6HZ
Incorporated 12/05/1988

Compliance

Last accounts

31/05/2024

total exemption full

Next accounts due

31/05/2026

Overdue

Confirmation statement

Last: 05/06/2025

Due 19/06/2026

On track

Industry

90020
Support activities to performing arts

Officers

Mr Brian George Lumb

director · Since 28/11/1991

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 9 other boards

Mr David Martin Simpson

director · Since 01/10/2018

DIRECTOR

BRITISH · ENGLAND · Age 47

Mr Peter Joseph Butler

director · Since 01/10/2021

BUSINESS DEVELOPMENT DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 2 other boards

Persons with Significant Control

Mr Brian George Lumb

25–50% shares
25–50% votes

British · England · Age 63

Blynk House, Young Street, Bradford, BD8 9RE

Notified 06/04/2016

Former PSCs

Mr Ian Paul Jeremy Siddall

Ceased 18/09/2017

Charges1 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 23/07/2010Registered 28/07/2010
charge
satisfied

SKIPTON BUSINESS FINANCE LIMITED

Created 14/03/2005Registered 15/03/2005Satisfied 09/02/2007
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 04/06/1998Registered 12/06/1998Satisfied 19/05/2005

CompanyRankvs 317+ SIC 90020 peers
76

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.73× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1English Folk Dance And Song Society(The)
90
2Audio Limited
90
3Questors Limited(The)
90
4Phoenix Leisure Limited
90
5Hawthorn Theatrical Limited
90
6Teland Limited
90
7Unusual Rigging Limited
90
8The Cloud One Group Limited
90
9Nick Grace Management Limited
90
10Paul Mathew Transport Limited
90
317Pro Audio Systems Limited
82
How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/05/2024

Net Worth

£926k

Balance sheet strength

Cash

£76k

Cash in the bank

Net Current Assets

£673k

Working capital

Current Assets

£1.6M

Current Liabilities

£922k

Fixed Assets

£463k

Debtors

£1.1M

15avg. employees

Tax at Year End(2023)

Corp tax£0

Balance Sheet

Bank loans & overdrafts£182k
Assets less current liabilities£1.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.73-£118k
20231.76+£70k
20222.19+£51k
20212.78-£124k
20191.94+£24k
20191.96+£67k
20173.93—

Derived from filed accounts. Not audited figures.