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Promech Services Limited

02648944

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

SUITE 236 THE CEME CENTRE, RAINHAM, RM13 8EU
Incorporated 26/09/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43220
Plumbing, heat and air-conditioning installation

Officers

Mr Joe Stephen Watley

director · Since 06/02/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 40

Also on 2 other boards

Mr Terry David Watley

director · Since 06/02/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Also on 2 other boards

Persons with Significant Control

Promech Holdings Limited

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

Suite 236 The Ceme Centre, Marsh Way, Rainham, RM13 8EU

Reg: 12346692 · Companies House · Limited Company

Notified 31/12/2019

Former PSCs

Mr Stephen James Pearce

Ceased 06/03/2020

Mr Terence William Watley

Ceased 06/03/2020

Charges2 outstanding

Charge
outstanding

THE CO-OPERATIVE BANK P.L.C.

Created 17/05/2023Registered 18/05/2023
Charge
outstanding

STEPHEN JAMES PEARCE · SHARON LEE PEARCE

Created 28/09/2022Registered 16/10/2022
charge
satisfied

CO-OPERATIVE BANK PUBLIC LIMITED COMPANY

Created 06/07/1993Registered 15/07/1993Satisfied 09/12/2020
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 11/09/1992Registered 15/09/1992Satisfied 06/06/1994

CompanyRankvs 60+ SIC 43220 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 5.04× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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.

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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2025

Net Worth

£6.7M

Balance sheet strength

Cash

£404k

Cash in the bank

Net Current Assets

£6.6M

Working capital

Current Assets

£8.3M

Current Liabilities

£1.6M

Fixed Assets

£40k

Debtors

£7.9M

47avg. employees

Tax at Year End

Corp tax£348k

Director Loans(2018)

Company owes directors£5k

Balance Sheet

Assets less current liabilities£6.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20255.04+£0
20255.04+£906k
20244.38+£455k
20235.38+£142k
202210.27+£235k
202113.74-£505k
202017.03+£761k
20194.31+£1.0M
20184.93—

Derived from filed accounts. Not audited figures.