Practical Concepts Limited
05511226
Healthy
No risk factors detected.
Details
Compliance
Last accounts
31/03/2026
micro entity
Next accounts due
31/12/2027
Confirmation statement
Last: 16/05/2026
Due 30/05/2027
Industry
Officers
secretary · Since 18/07/2005
BRITISH · ENGLAND · Age 56
Also on 1 other board
director · Since 18/07/2005
CIVIL ENGINEER
NIGERIAN · UNITED KINGDOM · Age 57
Also on 1 other board
Persons with Significant Control
Mr Oluseyi Olubukola Agunbiade
Nigerian · England · Age 57
18 Pearcy Close, Pearcy Close, Romford, RM3 8PW
Notified 06/04/2016
CompanyRankvs 7895+ SIC 41100 peers74
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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 31/03/2025
Net Worth
£2k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£31k
Working capital
Current Assets
£34k
Current Liabilities
£3k
Fixed Assets
£31k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 10.05 | +£527 |
| 2024 | 9.27 | +£530 |
| 2023 | 10.63 | -£4k |
| 2022 | 12.32 | +£4k |
| 2021 | 16.25 | -£338 |
| 2020 | 5.20 | -£175 |
| 2019 | 5.59 | — |
Derived from filed accounts. Not audited figures.