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Pace Recovery & Storage Limited

03280414

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

792 WICKHAM ROAD, CR0 8EA
Incorporated 19/11/1996

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

80200
Security systems service activities
80300
Investigation activities

Officers

Mr Michael Charman

director · Since 19/11/1996

SECURITY CONSULTANT

BRITISH · ENGLAND · Age 74

Also on 7 other boards

Mrs Sarah Ann Charman

secretary · Since 30/10/2007

BRITISH · ENGLAND · Age 66

Also on 7 other boards

Mrs Sarah Ann Charman

director · Since 20/11/2007

CO DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 7 other boards

Persons with Significant Control

Mr Michael Charman

75–100% shares
75–100% votes

British · England · Age 74

792 Wickham Road, CR0 8EA

Notified 06/04/2016

Former PSCs

Mrs Sarah Ann Charman

Ceased 06/04/2016

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 18/02/2019Registered 20/02/2019
charge
satisfied

HSBC BANK PLC

Created 06/02/2004Registered 10/02/2004Satisfied 15/03/2023

CompanyRankvs 2835+ SIC 80200 peers
51

Financial strength5th percentile among SIC peers · 1/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.61× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2835Pace Recovery & Storage Limited
57
How is this score calculated?
Financial strength1/25 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.

Liquidity16/20 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

-£27k

Balance sheet strength

Cash

£412

Cash in the bank

Net Current Assets

£56k

Working capital

Current Assets

£148k

Current Liabilities

£92k

Fixed Assets

£78k

Debtors

£31k

9avg. employees

Tax at Year End(2021)

Corp tax£7k

Balance Sheet

Assets less current liabilities£134k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20241.61+£9k
20231.06-£78k
20212.18+£254
20202.52-£8k
20192.03-£14k
20181.71—

Derived from filed accounts. Not audited figures.