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Praxis It Limited

03602572

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

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

Details

BRUCE ALLEN LLP GROUND FLOOR SUITE CROWN HOUSE, HORNCHURCH, RM11 1EW
Incorporated 23/07/1998

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Dennis Leonard Sorrell

secretary · Since 24/07/1998

SYSTEMS MANAGER

BRITISH · ENGLAND · Age 74

Also on 3 other boards

Mrs Anne Patricia Sorrell

director · Since 24/07/1998

DIRECTOR

BRITISH · ENGLAND · Age 70

Dennis Leonard Sorrell

director · Since 24/07/1998

SYSTEMS MANAGER

BRITISH · ENGLAND · Age 74

Also on 3 other boards

Persons with Significant Control

Dennis Leonard Sorrell

50–75% shares
50–75% votes
Appoint directors

British · England · Age 74

Bruce Allen Llp Ground Floor Suite, Crown House, Hornchurch, RM11 1EW

Notified 30/04/2016

Mrs Anne Patricia Sorrell

25–50% shares
25–50% votes
Appoint directors

British · England · Age 70

Ground Floor Suite, Crown House, Hornchurch, RM11 1EW

Notified 30/04/2016

CompanyRankvs 32252+ SIC 62012 peers
46

Financial strength16th percentile among SIC peers · 4/25
Employees43th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.98× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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32252Praxis It Limited
42
How is this score calculated?
Financial strength4/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees6/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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.

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

Key FinancialsYear ending 05/04/2025

Net Worth

-£2k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£2k

Working capital

Current Assets

£107k

Current Liabilities

£109k

1avg. employees

Balance Sheet

Assets less current liabilities-£2k
Signed by Mr Dennis Sorrell 3rd November 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.98-£311
20240.98-£238
20230.98-£247
20220.99-£328
20210.99+£42
20200.99—

Derived from filed accounts. Not audited figures.