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Providence Land Securities Ltd.

03178040

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • 7 outstanding charges (-10)

Details

271 HOE STREET, LONDON, E17 9PT
Incorporated 26/03/1996

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Asaf Hussain

director · Since 26/03/1996

PROPERTY DEVELOPER

BRITISH · ENGLAND · Age 56

Also on 4 other boards

Naheed Hussain

secretary · Since 10/03/2005

BRITISH · Age 50

Also on 1 other board

Persons with Significant Control

Mr Asaf Hussain

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

British · England · Age 56

271, Hoe Street, London, E17 9PT

Notified 06/04/2016

Charges7 outstanding

Charge
outstanding

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CompanyRankvs 7079+ SIC 68209 peers
73

Financial strength96th percentile among SIC peers · 24/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 3.71× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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7079Providence Land Securities Ltd.
83
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.

Employees9/15 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 31/03/2024

Net Worth

£1.9M

Balance sheet strength

Cash

£290

Cash in the bank

Net Current Assets

£379k

Working capital

Current Assets

£519k

Current Liabilities

£140k

Fixed Assets

£2.5M

Debtors

£519k

1avg. employees

Tax at Year End

Corp tax£87k

Balance Sheet

Bank loans & overdrafts£616k
Assets less current liabilities£2.9M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20243.71+£21k
20234.17+£25k
20224.40+£52k
20213.85—

Derived from filed accounts. Not audited figures.