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Practical Warranty Limited

02367321

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

PRACTICAL HOUSE 21-23 LITTLE BROOM STREET, BIRMINGHAM, B12 0EU
Incorporated 31/03/1989

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 08/06/2025

Due 22/06/2026

On track

Industry

66220
Activities of insurance agents and brokers

Officers

Colin Graham Furneaux

secretary · Since 27/06/2014

BRITISH

Mr Colin Graham Furneaux

director · Since 27/06/2014

DIRECTOR

BRITISH · UNITED KINGDOM · Age 72

Also on 16 other boards

Mr Garry Ian Furneaux

director · Since 27/06/2014

DIRECTOR

BRITISH · ENGLAND · Age 59

Also on 13 other boards

Mr Angus James Furneaux

director · Since 12/02/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 34

Also on 14 other boards

Persons with Significant Control

Practical Insurance Holdings Limited

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

Practical House, 21-23 Little Broom Street, Birmingham, B12 0EU

Reg: 05739167 · Companies House · Limited Company

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 27/06/2014Registered 03/07/2014
charge
satisfied

BARCLAYS MERCANTILE BUSINESS FINANCE LIMITED

Created 05/04/2011Registered 14/04/2011Satisfied 16/07/2014
charge
satisfied

BARCLAYS BANK PLC

Created 25/03/2011Registered 01/04/2011Satisfied 20/01/2017
charge
satisfied

HSBC BANK PLC

Created 23/03/2002Registered 05/04/2002Satisfied 17/02/2012
charge
satisfied

MIDLAND BANK PLC

Created 09/04/1992Registered 10/04/1992Satisfied 17/02/2012
charge
satisfied

MIDLAND BANK PLC

Created 26/02/1990Registered 01/03/1990Satisfied 17/02/2012

CompanyRankvs 2327+ SIC 66220 peers
51

Financial strength79th percentile among SIC peers · 20/25
Employees71th percentile among SIC peers · 11/15
LiquidityNo balance sheet data · 0/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2327Practical Warranty Limited
61
How is this score calculated?
Financial strength20/25 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.

Liquidity0/20 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 31/12/2024

Net Worth

£103k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£103k

Working capital

Current Assets

—

Current Liabilities

£1.4M

Debtors

£1.5M

3avg. employees-1

Tax at Year End

Corp tax£10k

Balance Sheet

Assets less current liabilities£103k
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
2024—+£2k
20231.08—

Derived from filed accounts. Not audited figures.