Principal Bridging Ltd
06184264
Some Concerns
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/04/2020
DIRECTOR
BRITISH · UNITED KINGDOM · Age 58
Also on 5 other boards
Persons with Significant Control
Mrs Wendy Ann Latham
British · England · Age 58
Unit 2, Nursery Court, Leicester, LE8 0EX
Notified 16/05/2025
Former PSCs
Mr Gary Paul Latham
Ceased 16/05/2025
Charges1 outstanding
GARY PAUL LATHAM AND WENDY ANN LATHAM AS TRUSTEES OF THE UK BRIDGING LOANS SSAS
CompanyRankvs 1392+ SIC 64922 peers51
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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
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
£122k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£163k
Working capital
Current Assets
£173k
Current Liabilities
£336k
Fixed Assets
£41k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.51 | +£13k |
| 2024 | 1.11 | -£144k |
| 2023 | 1.40 | +£92k |
| 2022 | 1.15 | +£96k |
| 2021 | 1.14 | +£16k |
| 2020 | 1.06 | -£55k |
| 2019 | 1.17 | — |
Derived from filed accounts. Not audited figures.