Practice 2 Practice Limited
06906184
Some Concerns
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/05/2025
micro entity
Next accounts due
28/02/2027
Confirmation statement
Last: 12/05/2025
Due 26/05/2026
Industry
Officers
director · Since 14/05/2009
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 56
Also on 2 other boards
Persons with Significant Control
Mr Michael Robert Couzens
British · England · Age 56
75, Lonsdale Road, Birmingham, B17 9QX
Notified 06/04/2016
Charges2 outstanding
CUMBERLAND BUILDING SOCIETY
CUMBERLAND BUILDING SOCIETY
CompanyRankvs 4564+ SIC 62012 peers67
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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 31/05/2025
Net Worth
£1.2M
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£120k
Working capital
Current Assets
£202k
Current Liabilities
£83k
Fixed Assets
£1.1M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.45 | +£0 |
| 2025 | 2.45 | +£40k |
| 2024 | 1.71 | -£100k |
| 2023 | 2.83 | +£255k |
| 2022 | 1.51 | +£90k |
| 2021 | 2.36 | +£169k |
| 2020 | 4.27 | +£116k |
| 2019 | 6.56 | +£88k |
| 2018 | 4.05 | — |
Derived from filed accounts. Not audited figures.