Principle Power (Europe) Limited
07576908
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
30/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 24/03/2026
Due 07/04/2027
Industry
Officers
secretary · Since 24/03/2011
director · Since 24/03/2011
ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 78
Also on 50 other boards
Persons with Significant Control
Former PSCs
Principle Power Inc
Ceased 01/05/2023
Aker Offshore Wind As
Ceased 22/08/2022
CompanyRankvs 1991+ SIC 35110 peers41
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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.
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 g
Key FinancialsYear ending 30/12/2024
Turnover
£620k
Annual revenue
Net Worth
-£242k
Balance sheet strength
Cash
£200k
Cash in the bank
Profit Before Tax
£152k
Bottom line earnings
Net Current Assets
-£242k
Working capital
Current Assets
£1.1M
Current Liabilities
£1.4M
Fixed Assets
£115
Debtors
£940k
Gross Profit
£620k
Admin Expenses
£653k
Operating Profit
£158k
Profit After Tax
£232k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.82 | +£232k |
| 2023 | 0.72 | +£397k |
| 2022 | 0.40 | +£242k |
| 2021 | 0.30 | — |
Derived from filed accounts. Not audited figures.