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Praisecover Limited

02586945

active
ltd
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

Blue House Farm Office, Brentwood Road, West Horndon, CM13 3LX
Incorporated 28/02/1991

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 28/02/2026

Due 14/03/2027

On track

Industry

49320
Taxi operation

Officers

Mark Lee Adkins

director · Since 30/07/2019

British · England · Age 41

Andre Burch

director · Since 01/06/2023

British · England · Age 48

Former

David Robert Burch

director · Resigned 27/05/2015

Malcolm William Hyam

director · Resigned 20/10/2017

John Richard Holliday

secretary · Resigned 01/10/2019

John Holliday

director · Resigned 01/10/2019

Laraine Patricia Duffin

director · Resigned 21/10/2019

Suzy Jane Allen

director · Resigned 15/07/2020

John Richard Holliday

director · Resigned 01/08/2020

David Richard Burch

director · Resigned 28/11/2022

Persons with Significant Control

Former PSCs

Mr David Richard Burch

Ceased 28/11/2022

Charges3 outstanding

charge
outstanding

LLOYDS TSB BANK PLC

Created 17/09/2009Registered 19/09/2009
charge
outstanding

LLOYDS BANK PLC

Created 28/01/1998Registered 31/01/1998
charge
outstanding

LLOYDS BANK PLC

Created 12/09/1991Registered 14/09/1991

Change History

status → active
2026-06-10

Active

type → ltd
2026-06-10

Private Limited Company

address line1 → Blue House Farm Office
2026-06-10

BLUE HOUSE FARM OFFICE

post town → West Horndon
2026-06-10

WEST HORNDON

CompanyRankvs 3819+ SIC 49320 peers
45

Financial strength34th percentile among SIC peers · 9/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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3819Praisecover Limited
55
How is this score calculated?
Financial strength9/25 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.

Liquidity2/20 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 31/03/2025

Net Worth

£100

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

-£139k

Working capital

Current Assets

£12k

Current Liabilities

£151k

Fixed Assets

£2k

Debtors

£200

6avg. employees-5

Balance Sheet

Assets less current liabilities-£137k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.08
20240.22
20230.10

Derived from filed accounts. Not audited figures.