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Practical Payroll Solutions Limited

04075438

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

71-75 SHELTON STREET, LONDON, WC2H 9JQ
Incorporated 21/09/2000

Compliance

Last accounts

30/03/2025

audit exemption subsidiary

Next accounts due

30/12/2026

On track

Confirmation statement

Last: 17/11/2025

Due 01/12/2026

On track

Industry

69201
Accounting and auditing activities

Officers

Mr William Wallace Hastings

secretary · Since 24/07/2008

DIRECTOR

AMERICAN · UNITED KINGDOM · Age 58

Also on 9 other boards

Mr William Wallace Hastings

director · Since 24/07/2008

DIRECTOR

AMERICAN · ENGLAND · Age 58

Also on 9 other boards

Mr Bryan Nicholas Davies

director · Since 12/04/2023

DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 6 other boards

Persons with Significant Control

Topsource Worldwide (Uk) Ltd

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

Office 807, Labs House 15-19,, Bloomsbury Way, London, WC1A 2TH

Reg: 04626779 · England And Wales · Company Limited By Shares

Notified 25/11/2016

Charges0 outstanding

Charge
satisfied

ELM CORPORATE CREDIT DESIGNATED ACTIVITY COMPANY (AS SECURITY AGENT)

Created 21/12/2020Registered 22/12/2020Satisfied 25/11/2022
Charge
satisfied

SVENSKA HANDELSBANKEN AB (PUBL)

Created 29/04/2014Registered 30/04/2014Satisfied 04/01/2021
charge
satisfied

CLYDESDALE BANK PLC

Created 24/07/2008Registered 26/07/2008Satisfied 21/03/2019
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 01/06/2007Registered 08/06/2007Satisfied 19/07/2008

CompanyRankvs 23272+ SIC 69201 peers
45

Financial strength0th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityNo balance sheet data · 0/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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23272Practical Payroll Solutions Limited
45
How is this score calculated?
Financial strength0/25 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.

Liquidity0/20 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 31/03/2020

Net Worth

—

Balance sheet strength

Cash

£110k

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

—

Current Liabilities

£198k

Fixed Assets

£189

21avg. employees
Prepared with Caseware UK (AP4) 2019.0.227