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Neil Passmore Process Engineering Limited

07156688

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)

Details

LLOYDS BANK CHAMBERS, CREDITON, EX17 3AH
Incorporated 15/02/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

72190
Other research and experimental development on natural sciences and engineering

Officers

Mr Neil Robert Passmore

director · Since 15/02/2010

ENGINEER

BRITISH · ENGLAND · Age 54

Mrs Rebecca Louise Passmore

director · Since 01/11/2014

DIRECTOR

ENGLISH · ENGLAND · Age 48

Also on 2 other boards

Persons with Significant Control

Mr Neil Robert Passmore

25–50% shares

British · England · Age 54

Lloyds Bank Chambers, High Street, Crediton, EX17 3AH

Notified 06/04/2016

Mrs Rebecca Louise Passmore

25–50% shares

English · England · Age 48

Lloyds Bank Chambers, High Street, Crediton, EX17 3AH

Notified 06/04/2016

CompanyRankvs 451+ SIC 72190 peers
81

Financial strength85th percentile among SIC peers · 21/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 2.76× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength21/25 pts

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

Employees10/15 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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

£164k

Balance sheet strength

Cash

£148k

Cash in the bank

Net Current Assets

£143k

Working capital

Current Assets

£224k

Current Liabilities

£81k

Fixed Assets

£21k

Debtors

£74k

2avg. employees

Tax at Year End

VAT£10k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20252.76-£11k£201k
20242.66-£5k£159k
20232.63£165k

Derived from filed accounts. Not audited figures.