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Preferred Access Ramp Systems Limited

06910650

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

UNIT A2, CRADLEY BUSINESS PARK, CRADLEY HEATH, B64 7DW
Incorporated 20/05/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25110
Manufacture of metal structures and parts of structures

Officers

Mr Neil Andrew Russ

director · Since 31/05/2023

DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 67 other boards

Mr Christopher Ian Peat

director · Since 01/07/2025

DIVISIONAL CONTROLLER

BRITISH · ENGLAND · Age 43

Also on 25 other boards

Mr William Roy Parsons

director · Since 24/07/2025

GROUP ENGINEERING DIRECTOR

CANADIAN · UNITED KINGDOM · Age 57

Also on 4 other boards

Persons with Significant Control

K.I.G Limited

75–100% shares

Unit 2a, Cradley Business Park, Cradley Heath, B64 7DW

Notified 31/05/2023

Former PSCs

Mr Kevin John Jones

Ceased 31/05/2023

Mrs Sylvia Mary Jones

Ceased 31/05/2023

Charges2 outstanding

Charge
outstanding

HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED

Created 30/06/2025Registered 01/07/2025
Charge
outstanding

LLOYDS BANK PLC

Created 13/11/2024Registered 22/11/2024
Charge
satisfied

HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED

Created 30/07/2024Registered 08/08/2024Satisfied 09/07/2025
Charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 11/04/2013Registered 19/04/2013Satisfied 23/05/2024

CompanyRankvs 215+ SIC 25110 peers
75

Financial strength90th percentile among SIC peers · 23/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 6.75× · 20/20
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 strength23/25 pts

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

Employees12/15 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 31/05/2023

Net Worth

£1.4M

Balance sheet strength

Cash

£576k

Cash in the bank

Net Current Assets

£1.3M

Working capital

Current Assets

£1.5M

Current Liabilities

£224k

Fixed Assets

£196k

Debtors

£613k

11avg. employees

Balance Sheet

Assets less current liabilities£1.5M
Signed by 06910650 2022-04-01 2023-05-31 06910650 2023-05-31 06910650 core:RetainedEarningsAccumulatedLosses 2023-05-31 06910650 cPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20236.75+£285k
20225.01+£279k
20214.38+£228k
20203.13

Derived from filed accounts. Not audited figures.