Packaging Innovation Limited
03006990
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 25/06/2024
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 43
Also on 2 other boards
Persons with Significant Control
Pig Newco Ltd
111-117, Lancaster Road, London, W11 1QT
Reg: 15743848 · Companies House · Private Limited Company
Notified 25/06/2024
Mr Preetesh Pitrola
British · England · Age 43
57 Glenthorne Gardens, Glenthorne Gardens, Ilford, IG6 1LA
Notified 25/06/2024
Former PSCs
Mr Stephen Kelsey
Ceased 30/06/2022
Mr Christopher John Griffin
Ceased 25/06/2024
Mr Donald Williams
Ceased 30/06/2022
Charges1 outstanding
THE TRUSTEES OF THE PACKAGING INNOVATION LIMITED RETIREMENT BENEFIT SCHEME BEING CHRISTOPHER JO · DONALD WILFRED ROBERT WILLIAMS · GERARD MICHAEL O'BRIEN · STEPHEN FREDERICK KELSEY · THERE ARE MORE THAN FOUR PERSONS ENTITLED
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CompanyRankvs 63134+ SIC 68209 peers40
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going
Key FinancialsYear ending 30/09/2024
Net Worth
£49k
Balance sheet strength
Cash
£80k
Cash in the bank
Net Current Assets
£9k
Working capital
Current Assets
£82k
Current Liabilities
£73k
Fixed Assets
£40k
Debtors
£3k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.12 | -£620k |
| 2023 | 29.70 | -£66k |
| 2022 | 3.40 | +£1.4M |
| 2021 | 0.57 | -£227k |
| 2020 | 0.67 | -£495 |
| 2019 | 0.45 | -£455k |
| 2018 | 1.58 | — |
Derived from filed accounts. Not audited figures.