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Practical Solutions Midlands Limited

07617741

active
Private Limited Company
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

132 WESTERN ROAD, DERBY, DE3 9GS
Incorporated 28/04/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70229
Management consultancy activities

Officers

Mr Carl Alexander Vernon

director · Since 28/04/2011

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 11 other boards

Mrs Emily Clare Vernon

director · Since 04/01/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 47

Persons with Significant Control

Mr Carl Alexander Vernon

25–50% shares
25–50% votes

British · England · Age 51

9, St. Mellion Close, Derby, DE3 9YL

Notified 06/04/2016

Mrs Emily Clare Vernon

25–50% shares
25–50% votes

British · United Kingdom · Age 47

9, St Mellion Close, Derby, DE3 9YL

Notified 04/01/2019

Charges2 outstanding

Charge
outstanding

SANTANDER UK PLC AS SECURITY TRUSTEE

Created 11/12/2019Registered 16/12/2019
Charge
outstanding

SANTANDER UK PLC AS SECURITY TRUSTEE

Created 11/12/2019Registered 16/12/2019

CompanyRankvs 100421+ SIC 70229 peers
39

Financial strength9th percentile among SIC peers · 2/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.38× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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100421Practical Solutions Midlands Limited
49
How is this score calculated?
Financial strength2/25 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.

Liquidity2/20 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 31/12/2024

Net Worth

-£8k

Balance sheet strength

Cash

£53k

Cash in the bank

Net Current Assets

-£166k

Working capital

Current Assets

£101k

Current Liabilities

£267k

Fixed Assets

£261k

Debtors

£48k

8avg. employees

Tax at Year End(2020)

Corp tax£1k

Balance Sheet

Assets less current liabilities£95k
Signed by Mrs Emily Vernon 29/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.38-£38k
20230.63-£29k
20220.78+£0
20220.78-£153k
20211.47-£36k
20201.84-£35k
20191.70+£57k
20182.44—

Derived from filed accounts. Not audited figures.