Powakaddy International Limited
07747629
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 22/08/2011
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 77
Also on 1 other board
director · Since 13/02/2013
NONE
BRITISH · UNITED KINGDOM · Age 64
Also on 1 other board
Persons with Significant Control
Mr David Ian Catford
British · United Kingdom · Age 64
Unit N1 Eurolink Industrial Centre, Castle Road, Sittingbourne, ME10 3RN
Notified 17/08/2016
Charges4 outstanding
HSBC BANK PLC
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
HSBC BANK PLC
CompanyRankvs 411+ SIC 32990 peers69
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent 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 going con
Key FinancialsYear ending 31/12/2021
Turnover
£28.8M
Annual revenue
Net Worth
£19.1M
Balance sheet strength
Cash
£20.6M
Cash in the bank
Profit Before Tax
£7.5M
Bottom line earnings
Net Current Assets
£19.7M
Working capital
Current Assets
£24.6M
Current Liabilities
£4.8M
Fixed Assets
£436k
Debtors
£2.5M
Cost of Sales
£17.7M
Gross Profit
£11.1M
Admin Expenses
£3.6M
Operating Profit
£7.5M
Profit After Tax
£6.2M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2021 | 5.08 |
Derived from filed accounts. Not audited figures.