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Professional Freight Solutions Limited

06995615

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

SIMARCO HOUSE, WITHAM, CM8 3DR
Incorporated 19/08/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49410
Freight transport by road

Officers

Mr Simon Reed

director · Since 31/03/2023

DIRECTOR

BRITISH · ENGLAND · Age 59

Mr Trevor Scott

director · Since 31/03/2023

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 5 other boards

Persons with Significant Control

Simarco International Limited

75–100% shares
75–100% votes
Appoint directors

Simarco House, Crittall Road, Witham, CM8 3DR

Reg: 03341900 · England And Wales · Private Limited Company

Notified 31/03/2023

Former PSCs

Mr Jason Charles Sydney Wynne

Ceased 31/03/2023

Mrs Helena Jayne Wynne

Ceased 31/03/2023

Charges0 outstanding

Charge
satisfied

HSBC UK BANK PLC

Created 22/10/2020Registered 23/10/2020Satisfied 05/12/2022

CompanyRankvs 266+ SIC 49410 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.9× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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266Professional Freight Solutions Limited
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/12/2024

Net Worth

£9.6M

Balance sheet strength

Cash

£1.5M

Cash in the bank

Profit Before Tax

£2.9M

Bottom line earnings

Net Current Assets

£9.6M

Working capital

Current Assets

£12.9M

Current Liabilities

£3.3M

Fixed Assets

£24k

Debtors

£11.4M

Cost of Sales

£10.3M

Admin Expenses

£1.0M

Profit After Tax

£2.2M

23avg. employees+1

Tax at Year End

Corp tax£379k
Dividends paid£164k

People Costs

Wages & salaries£730k

Balance Sheet

Assets less current liabilities£9.6M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20243.90+£2.2M
20236.27+£2.1M
20222.83+£1.9M
20212.11+£1.6M
20202.30+£428k
20192.14+£350k
20181.90—

Derived from filed accounts. Not audited figures.