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Promet Technology Limited

02298531

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

31 CHASE ROAD, LONDON, NW10 6PU
Incorporated 21/09/1988

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

42990
Construction of other civil engineering projects

Officers

Mr Pravin Patel

director · Since 31/12/1991

DIRECTOR

BRITISH · ENGLAND · Age 71

Also on 2 other boards

Jaymeen Harji Hirani

secretary · Since 01/01/2008

BRITISH · Age 45

CompanyRankvs 208+ SIC 42990 peers
78

Financial strength94th percentile among SIC peers · 24/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.28× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength24/25 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.

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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the compan

Key FinancialsYear ending 31/10/2024

Net Worth

£1.2M

Balance sheet strength

Cash

£815k

Cash in the bank

Net Current Assets

£1.1M

Working capital

Current Assets

£2.0M

Current Liabilities

£880k

Fixed Assets

£100k

Debtors

£1.2M

12avg. employees

Balance Sheet

Assets less current liabilities£1.2M
Signed by Mr P Patel,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.28-£72k
20232.90-£138k
20222.85-£290k
20212.82-£25k
20203.31+£70k
20193.60+£204k
20182.35—

Derived from filed accounts. Not audited figures.