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Principle Support Ltd

07327086

active
Private Limited Company
england wales
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

FIRST FLOOR 2 ARENA COURT, SHEFFIELD, S9 2LF
Incorporated 27/07/2010

Compliance

Last accounts

31/07/2024

unaudited abridged

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 04/03/2026

Due 18/03/2027

On track

Industry

88100
Social work activities without accommodation for the elderly and disabled

Officers

Mr Willard Kashangura

director · Since 27/07/2010

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 3 other boards

Persons with Significant Control

Wlka Holding Limited

75–100% shares

2, Arena Court, Sheffield, S9 2LF

Reg: 13939139 · Registrar Of Companies · Limited Company

Notified 24/02/2022

Former PSCs

Mr Willard Kashangura

Ceased 24/02/2022

Mrs Yolanda Chihota

Ceased 02/02/2023

Charges3 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 14/12/2023Registered 18/12/2023
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 17/05/2021Registered 19/05/2021
Charge
satisfied

BARCLAYS SECURITY TRUSTEE LIMITED

Created 21/07/2020Registered 30/07/2020Satisfied 22/10/2025
Charge
satisfied

BARCLAYS BANK PLC

Created 13/02/2018Registered 16/02/2018Satisfied 22/10/2025
Charge
outstanding

BARCLAYS BANK PLC

Created 27/04/2017Registered 09/05/2017

CompanyRankvs 31+ SIC 88100 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.13× · 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 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/07/2024

Net Worth

£1.5M

Balance sheet strength

Cash

£1.3M

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£1.8M

Current Liabilities

£576k

Fixed Assets

£479k

Debtors

£529k

133avg. employees+8

Tax at Year End(2019)

Corp tax£65k

Balance Sheet

Assets less current liabilities£1.7M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20243.13+£220k
20233.65+£298k
20224.12+£162k
20214.01-£102k
20203.86+£501k
20192.83+£159k
20182.10—

Derived from filed accounts. Not audited figures.