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Powersource Associates Limited

04501969

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
49 / 100

Notable Risks

25/30
Filing
10/30
Financial
14/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Active insolvency proceedings (-20)
  • 3 outstanding charges (-6)

Details

LONDON ACCOUNTING GROUP LTD, LONDON, E5 9NA
Incorporated 02/08/2002

Compliance

Last accounts

31/08/2024

total exemption full

Next accounts due

29/05/2026

On track

Confirmation statement

Last: 02/08/2025

Due 16/08/2026

On track

Industry

68320
Management of real estate on a fee or contract basis

Officers

Mr Meyer Gertner

director · Since 18/05/2007

BUSINESS MAN

BRITISH · ENGLAND · Age 53

Also on 9 other boards

Mrs Romy Gertner

director · Since 10/02/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 54

Persons with Significant Control

Mrs Romy Gertner

25–50% shares
25–50% votes

British · England · Age 54

24 Ravensdale Road, Stoke Newington, London, N16 6SH

Notified 06/04/2016

Mr Meyer Gertner

25–50% shares
25–50% votes

British · England · Age 53

24, Ravensdale Road, London, N16 6SH

Notified 01/08/2016

Charges3 outstanding

Charge
outstanding

SHAWBROOK BANK LIMITED

Created 19/02/2019Registered 20/02/2019
Charge
outstanding

COMMERCIAL ACCEPTANCES LIMITED

Created 13/02/2017Registered 21/02/2017
Charge
outstanding

COMMERCIAL ACCEPTANCES LIMITED

Created 13/02/2017Registered 21/02/2017
Charge
satisfied

BATH ROAD CHELTENHAM LIMITED

Created 18/11/2015Registered 20/11/2015Satisfied 18/02/2019
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 30/10/2009Registered 04/11/2009Satisfied 18/06/2016
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 29/10/2009Registered 31/10/2009Satisfied 18/06/2016
charge
satisfied

BARCLAYS BANK PLC

Created 15/10/2007Registered 24/10/2007Satisfied 11/11/2009
charge
satisfied

BARCLAYS BANK PLC

Created 20/08/2007Registered 25/08/2007Satisfied 11/11/2009

Insolvency History1 case

receiver manager

Peter Mayo (receiver manager) · Victoria Clare Margaret Liddell (receiver manager)

CompanyRankvs 6920+ SIC 68320 peers
68

Financial strength97th percentile among SIC peers · 24/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 6.64× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
Show leaderboard
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90
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90
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90
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6Croudace Asset Management Ltd
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7Saint Andrews Bureau Limited
90
8Cholsey Investments Limited
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9G.E.Cook & Sons Limited
90
10Compton Property Management Limited
90
692Powersource Associates Limited
88
How is this score calculated?
Financial strength24/25 pts

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

Employees14/15 pts

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

Liquidity20/20 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

Outstanding charges: -10 pts

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/08/2024

Net Worth

£779k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£112k

Working capital

Current Assets

£132k

Current Liabilities

£20k

Fixed Assets

£2.0M

Debtors

£132k

3avg. employees+3

Balance Sheet

Assets less current liabilities£2.1M
Signed by Mr Meyer Gertner 19/05/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20246.64+£4k
2023—-£72k
2022—+£16k
2021—+£9k
2020—-£6k

Derived from filed accounts. Not audited figures.