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Practical Minds Limited

05903669

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

PRACTICAL HOUSE, KEGWORTH, DE74 2FJ
Incorporated 11/08/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43320
Joinery installation

Officers

Mr Russell Alexander Roberts

director · Since 12/02/2016

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 1 other board

Matthew Bull

director · Since 01/01/2021

NONE

BRITISH · ENGLAND · Age 33

Persons with Significant Control

Practical Minds Holdings Limited

75–100% shares
75–100% votes

Practical House, 5 Side Ley, Derby, DE74 2FJ

Reg: 16585205 · Companies House · Private Limited Company

Notified 04/11/2025

Former PSCs

Mr Andrew Paul Winstanley

Ceased 22/02/2018

Practical Minds Holdings Limited

Ceased 01/10/2021

Practical Retail Solutions Limited

Ceased 04/11/2025

Practical Retail Solutions Holdings Ltd

Ceased 04/11/2025

Charges2 outstanding

Charge
outstanding

PRACTICAL RETAIL SOLUTIONS HOLDINGS LIMITED

Created 04/11/2025Registered 07/11/2025
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 29/11/2012Registered 04/12/2012

CompanyRankvs 670+ SIC 43320 peers
76

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.54× · 16/20
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 strength25/25 pts

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

Employees15/15 pts

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

Liquidity16/20 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 31/08/2025

Net Worth

£722k

Balance sheet strength

Cash

£493k

Cash in the bank

Net Current Assets

£550k

Working capital

Current Assets

£1.6M

Current Liabilities

£1.0M

Fixed Assets

£225k

Debtors

£976k

25avg. employees+1

Tax at Year End(2023)

Corp tax£81k

Balance Sheet

Assets less current liabilities£775k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.54+£6k
20241.68-£98k
20231.86+£576k
20181.48

Derived from filed accounts. Not audited figures.