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Principal Homes Limited

05853038

active
ltd
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 6 outstanding charges (-10)

Details

Oak House Church Lane, Great Holland, Frinton-On-Sea, CO13 0JS
Incorporated 21/06/2006

Compliance

Last accounts

30/06/2025

total exemption full

Next accounts due

31/03/2027

On track

Confirmation statement

Last: 09/06/2026

Due 23/06/2027

On track

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Shaun Richard Watcham

director · Since 21/06/2006

ENGINEER

BRITISH · ENGLAND · Age 60

Also on 2 other boards

Karen Sara Watcham

secretary · Since 21/06/2006

BRITISH · Age 58

Also on 2 other boards

Karen Sara Watcham

director · Since 01/05/2023

DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 2 other boards

Shaun Richard Watcham

director · Since 21/06/2006

British · England · Age 60

Karen Sara Watcham

secretary · Since 21/06/2006

British

Karen Sara Watcham

director · Since 01/05/2023

British · England · Age 58

Former

Ashok Bhardwaj

secretary · Resigned 21/06/2006

Bhardwaj Corporate Services Limited

corporate director · Resigned 21/06/2006

Persons with Significant Control

Mr Shaun Watcham

25–50% shares
25–50% votes

British · England · Age 60

Oak House, Church Lane, Frinton-On-Sea, CO13 0JS

Notified 06/04/2016

Karen Sara Watcham

25–50% shares
25–50% votes

British · England · Age 58

Oak House, Church Lane, Frinton-On-Sea, CO13 0JS

Notified 01/01/2021

Charges6 outstanding

A registered charge
outstanding

GODIVA MORTGAGES LIMITED

Created 11/08/2026Registered 11/08/2026
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 07/07/2017Registered 26/07/2017
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 07/07/2017Registered 26/07/2017
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 05/10/2007Registered 18/10/2007
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 31/08/2007Registered 05/09/2007
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 04/09/2006Registered 15/03/2007

Change History

status → active
2026-08-08

Active

type → ltd
2026-08-08

Private Limited Company

address line1 → Oak House Church Lane
2026-08-08

OAK HOUSE CHURCH LANE

post town → Frinton-On-Sea
2026-08-08

FRINTON-ON-SEA

sic codes → 68100,68209
2026-08-08

41202

officer appointed → WATCHAM, Karen Sara
2026-08-08
officer appointed → WATCHAM, Karen Sara
2026-08-08
officer appointed → WATCHAM, Shaun Richard
2026-08-08

CompanyRankvs 15+ SIC 68100 peers
40

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 2.81× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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.

Employees0/15 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

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

Key FinancialsYear ending 30/06/2025

Net Worth

£1.1M

Balance sheet strength

Cash

£393k

Cash in the bank

Net Current Assets

£708k

Working capital

Current Assets

£1.1M

Current Liabilities

£390k

Fixed Assets

£405k

Debtors

£95k

2avg. employees

Tax at Year End

VAT£2k

Balance Sheet

Assets less current liabilities£1.1M
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20252.81+£66k£35k
20245.69-£77k—
2023277.58——

Derived from filed accounts. Not audited figures.