Power Provision Limited
04092389
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 17/02/2020
DIRECTOR
BRITISH · ENGLAND · Age 80
Also on 1 other board
Persons with Significant Control
Mr Mirko Barac
Serbian · Croatia · Age 69
Second Floor Office Suite,, 4 Chartfield House, Taunton, TA1 4AS
Notified 01/03/2017
Former PSCs
Mr Vadim Vayspapir
Ceased 01/03/2017
CompanyRankvs 125244+ SIC 82990 peers40
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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.
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
-£29k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£29k
Working capital
Current Assets
£43k
Current Liabilities
£73k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.60 | -£7k |
| 2023 | 0.68 | -£4k |
| 2022 | 0.73 | -£2k |
| 2021 | 0.76 | -£3k |
| 2020 | 0.79 | -£3k |
| 2019 | 0.84 | — |
| 2018 | 0.88 | — |
Derived from filed accounts. Not audited figures.