Back to search

Premium Choice Limited

03845329

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

PENDEFORD HOUSE, OVERSTRAND, WV9 5AP
Incorporated 21/09/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

65120
Non-life insurance
66220
Activities of insurance agents and brokers

Officers

Mr Richard Michael John Dornan

director · Since 21/09/1999

DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 5 other boards

Mr Mark Woods

director · Since 21/09/1999

DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 6 other boards

Persons with Significant Control

Mers Ins Limited

ownership-of-shares-75-to-100-percent-as-firm

Pendeford House, Pendeford Business Park, Wolverhampton, WV9 5AP

Reg: 07349131 · Companies House · Private Limited Company

Notified 01/07/2016

Charges0 outstanding

Charge
satisfied

SVENSKA HANDELSBANKEN AB (PUBL)

Created 07/06/2017Registered 13/06/2017Satisfied 09/12/2020
charge
satisfied

URBAN SPLASH FORT DUNLOP LIMITED

Created 22/01/2008Registered 30/01/2008Satisfied 11/04/2018

CompanyRankvs 146+ SIC 65120 peers
76

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.63× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
Show leaderboard
1Brian Johnston & Co (Insurance Brokers) Limited
90
2Arag Plc
90
3Cover-More Insurance Services Ltd
90
4Direct Commercial Limited
90
5Reich Insurance Brokers Limited
90
6Lexham Insurance Consultants Limited
90
7Ripe Insurance Services Limited
90
8Adler Fairways Insurance Brokers Limited
90
9Advance Insurance Agencies Limited
90
10Business Insurance Solutions Limited
90
146Premium Choice Limited
82
How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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

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

£8.2M

Annual revenue

Net Worth

£4.3M

Balance sheet strength

Cash

£578k

Cash in the bank

Profit Before Tax

£23k

Bottom line earnings

Net Current Assets

£3.2M

Working capital

Current Assets

£8.2M

Current Liabilities

£5.0M

Fixed Assets

£1.2M

Debtors

£7.6M

Admin Expenses

£8.2M

Operating Profit

£15k

Profit After Tax

£1k

84avg. employees-5

Tax at Year End

Corp tax£13k

People Costs

Wages & salaries£2.6M
NI contributions£236k

Balance Sheet

Intangible assets£1.0M
Assets less current liabilities£4.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.63+£1k
20231.74+£12k
20221.84+£54k
20212.03—

Derived from filed accounts. Not audited figures.