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Propel Tech Ltd

06097794

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

STONEBRIDGE HOUSE 151 WAKEFIELD ROAD, WAKEFIELD, WF4 5HQ
Incorporated 12/02/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

58290
Other software publishing

Officers

Nicola Brown

secretary · Since 09/11/2007

COMPANY SECRETARY

BRITISH · Age 47

Mr Andrew John Brown

director · Since 09/11/2007

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 1 other board

Mr David Ritchie

director · Since 01/04/2014

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 1 other board

Persons with Significant Control

David Ritchie

25–50% shares
25–50% votes

British · England · Age 55

Stonebridge House, 151 Wakefield Road, Wakefield, WF4 5HQ

Notified 08/03/2022

Former PSCs

Mr Andrew John Brown

Ceased 12/01/2022

Mr David Ritchie

Ceased 12/01/2022

Pace It Systems Holdings Ltd

Ceased 08/03/2022

Charges1 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 05/12/2019Registered 16/12/2019

CompanyRankvs 503+ SIC 58290 peers
67

Financial strength97th percentile among SIC peers · 24/25
Employees22th percentile among SIC peers · 3/15
LiquidityCurrent ratio 2.97× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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503Propel Tech Ltd
77
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.

Employees3/15 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 31/03/2025

Net Worth

£1.1M

Balance sheet strength

Cash

£390k

Cash in the bank

Net Current Assets

£980k

Working capital

Current Assets

£1.5M

Current Liabilities

£497k

Fixed Assets

£106k

Debtors

£1.1M

0avg. employees

Balance Sheet

Assets less current liabilities£1.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20252.97+£0
20252.97+£378k
20242.19-£667k
20238.91+£319k
20227.62+£109k
20213.43+£21k
20202.62+£213k
20192.71—

Derived from filed accounts. Not audited figures.