Performance Adhesives Limited
07945436
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 10/02/2012
DIRECTOR
BRITISH · UNITED KINGDOM · Age 56
Also on 4 other boards
director · Since 10/02/2012
DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 19 other boards
director · Since 10/02/2012
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 61
Also on 2 other boards
Persons with Significant Control
Mr Simon Max Shearman
British · England · Age 61
3 The Forum, Icknield Way Industrial Estate, Tring, HP23 4JY
Notified 28/10/2020
Former PSCs
Mr Simon Max Shearman
Ceased 08/01/2019
Mr Michael John Overy
Ceased 08/01/2019
Mr Stuart Boyd Seagrave
Ceased 08/01/2019
Stuart Seagrave
Ceased 22/10/2020
Charges3 outstanding
HSBC UK BANK PLC
HSBC INVOICE FINANCE (UK) LTD
HSBC UK BANK PLC
CompanyRankvs 29740+ SIC 46760 peers27
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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
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
-£1.2M
Balance sheet strength
Cash
£180k
Cash in the bank
Net Current Assets
-£1.2M
Working capital
Current Assets
£1.8M
Current Liabilities
£3.0M
Fixed Assets
£29k
Debtors
£1.1M
Profit After Tax
-£331k
Tax at Year End(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.59 | -£298k |
| 2023 | 0.66 | -£704k |
| 2021 | 0.96 | — |
| 2020 | 0.94 | — |
| 2019 | 0.65 | — |
| 2018 | 0.53 | — |
Derived from filed accounts. Not audited figures.