Ppa Cover Limited
06668082
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/08/2013
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 67
Also on 3 other boards
secretary · Since 21/02/2020
Persons with Significant Control
Mr Paul Lane
British · England · Age 67
3a, Dudley Street, Dudley, DY3 1SA
Notified 21/02/2020
Former PSCs
Mr Lee Paul Lane
Ceased 21/02/2020
Charges0 outstanding
HITACHI CAPITAL INVOICE FINANCE LTD
CompanyRankvs 1765+ SIC 85200 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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/07/2025
Net Worth
-£123k
Balance sheet strength
Cash
£61k
Cash in the bank
Net Current Assets
-£102k
Working capital
Current Assets
£102k
Current Liabilities
£204k
Fixed Assets
£1k
Debtors
£42k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.50 | -£291k |
| 2024 | 1.63 | +£6k |
| 2023 | 1.84 | -£8k |
| 2022 | 1.77 | -£10k |
| 2021 | 2.04 | — |
Derived from filed accounts. Not audited figures.