Pennco Limited
04910357
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/01/2025
small
Next accounts due
31/10/2026
Confirmation statement
Last: 21/07/2025
Due 04/08/2026
Industry
Officers
Former
corporate nominee director · Resigned 24/09/2003
corporate nominee secretary · Resigned 24/09/2003
director · Resigned 28/02/2017
director · Resigned 28/02/2017
secretary · Resigned 06/03/2017
director · Resigned 06/03/2017
director · Resigned 06/03/2017
director · Resigned 31/01/2025
director · Resigned 31/01/2025
director · Resigned 31/01/2025
Persons with Significant Control
Mr Jean Johannes Nel
South African · South Africa · Age 54
The Crown Hotel, Wetheral, Carlisle, CA4 8ES
Notified 31/01/2025
Former PSCs
Mr Colin Harrison
Ceased 07/03/2017
Mrs Joy Yvonne Harrison
Ceased 07/03/2017
The Borrowdale Gates Limited
Ceased 01/04/2022
Fairtree Hotels Midco Limited
Ceased 31/01/2025
Charges2 outstanding
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC AS SECURITY AGENT
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC AS SECURITY AGENT
NATIONAL WESTMINSTER BANK PLC
HSBC BANK PLC
HSBC BANK PLC
Change History
Active
Private Limited Company
THE CROWN HOTEL
CARLISLE
CompanyRankvs 5652+ SIC 55100 peers27
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
Bank in relation to the agreement between Fairtree Hotels Midco Limited and NatWest Bank for which the outstanding balance as at 31 March 2024 was £16,664,259. The group's ability to continue as a going concern is dependent upon both the ongoing support of its bankers and its shareholders. However, in the event that this is not forthcoming then a material uncertainty would exist with regards to
Key FinancialsYear ending 31/01/2025
Net Worth
-£321k
Balance sheet strength
Cash
£172k
Cash in the bank
Net Current Assets
-£3.8M
Working capital
Current Assets
£212k
Current Liabilities
£4.0M
Fixed Assets
£3.6M
Debtors
£23k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 0.05 |
Derived from filed accounts. Not audited figures.