Preston Innovations Limited
03318338
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Previously known as
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 14/02/2026
Due 28/02/2027
Industry
Officers
director · Since 22/11/2021
DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 2 other boards
director · Since 20/04/2023
DIRECTOR
BRITISH · ENGLAND · Age 48
Also on 7 other boards
director · Since 08/08/2023
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 44
Also on 6 other boards
Former
corporate director · Resigned 12/03/1997
secretary · Resigned 12/03/1997
director · Resigned 28/05/1997
secretary · Resigned 28/05/1997
director · Resigned 31/10/2004
secretary · Resigned 05/11/2004
director · Resigned 19/10/2010
secretary · Resigned 01/01/2013
director · Resigned 15/08/2014
director · Resigned 30/09/2014
director · Resigned 15/06/2018
director · Resigned 03/08/2018
director · Resigned 09/04/2019
director · Resigned 10/02/2021
director · Resigned 10/02/2021
director · Resigned 09/06/2021
director · Resigned 09/06/2021
director · Resigned 16/02/2023
director · Resigned 29/09/2023
Persons with Significant Control
Former PSCs
Wc Bradley / Zebco Holdings Inc.
Ceased 10/02/2021
Charges0 outstanding
LLOYDS TSB BANK PLC
Change History
Active
Private Limited Company
FRONT BUILDING PRESTON INNOVATIONS LTD
TELFORD
CompanyRankvs 120+ SIC 46900 peers80
Show leaderboard
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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£22.4M
Annual revenue
Net Worth
£19.2M
Balance sheet strength
Cash
£214k
Cash in the bank
Profit Before Tax
£3.2M
Bottom line earnings
Net Current Assets
£17.7M
Working capital
Current Assets
£22.4M
Current Liabilities
£4.7M
Fixed Assets
£1.7M
Debtors
£20.6M
Cost of Sales
£13.5M
Gross Profit
£8.8M
Admin Expenses
£4.9M
Operating Profit
£3.3M
Profit After Tax
£2.4M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 4.75 |
Derived from filed accounts. Not audited figures.