Practice Cover Ltd
07063423
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 27/05/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 34
Also on 2 other boards
Persons with Significant Control
Mrs Natasha Hardy
British · England · Age 34
255, Green Lanes, London, N13 4XE
Notified 08/03/2021
Former PSCs
Mr Elwyn Michael Cox
Ceased 17/12/2018
Mrs Lynda Cox
Ceased 17/12/2018
Tedaisy Insurance Group Limited
Ceased 08/03/2021
Charges0 outstanding
HSBC UK BANK PLC
CompanyRankvs 222+ SIC 65120 peers80
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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 31/12/2024
Net Worth
£152k
Balance sheet strength
Cash
£5k
Cash in the bank
Net Current Assets
£149k
Working capital
Current Assets
£214k
Current Liabilities
£65k
Fixed Assets
£9k
Debtors
£210k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.30 | -£25k |
| 2023 | 3.24 | +£32k |
| 2022 | 2.20 | +£72k |
| 2021 | 1.88 | +£12k |
| 2020 | 1.25 | +£6k |
| 2019 | 0.95 | -£60k |
| 2018 | 1.91 | — |
Derived from filed accounts. Not audited figures.