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Propel Contracts Ltd

08640091

active
ltd
england wales
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

20 Canley Road, Coventry Business Park, Coventry, CV5 6BH
Incorporated 06/08/2013

Previously known as

Merit Display Limited · until 06/10/2023

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 06/08/2026

Due 20/08/2027

On track

Industry

46900
Non-specialised wholesale trade

Officers

Mr Ronnie Gavin Mitchell

director · Since 06/08/2013

DIRECTOR

BRITISH · ENGLAND · Age 39

Also on 1 other board

Mr Iain William Mitchell

director · Since 06/08/2013

DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Also on 1 other board

Mr Laurie Mark Mitchell

director · Since 06/08/2013

DIRECTOR

BRITISH · ENGLAND · Age 35

Also on 1 other board

Mrs Elayne Mitchell

secretary · Since 01/04/2021

Ronnie Gavin Mitchell

director · Since 06/08/2013

British · England · Age 39

Iain William Mitchell

director · Since 06/08/2013

British · United Kingdom · Age 64

Laurie Mark Mitchell

director · Since 06/08/2013

British · England · Age 35

Elayne Mitchell

secretary · Since 01/04/2021

Former

Rick Thewlis

director · Resigned 27/09/2022

Persons with Significant Control

Mfe Holdings Limited

75–100% shares
75–100% votes

20 Canley Road, Coventry Business Park, Coventry, CV5 6BH

Reg: 08997282 · Companies House · Private Limited By Shares

Notified 06/04/2016

Change History

statusactive
2026-08-13

Active

typeltd
2026-08-13

Private Limited Company

address line120 Canley Road
2026-08-13

20 CANLEY ROAD

post townCoventry
2026-08-13

COVENTRY

officer appointedMITCHELL, Elayne
2026-08-13
officer appointedMITCHELL, Iain William
2026-08-13
officer appointedMITCHELL, Laurie Mark
2026-08-13
officer appointedMITCHELL, Ronnie Gavin
2026-08-13

CompanyRankvs 1248+ SIC 46900 peers
84

Financial strength87th percentile among SIC peers · 22/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.94× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength22/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 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.

Longevity13/15 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.

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

£345k

Balance sheet strength

Cash

£149k

Cash in the bank

Net Current Assets

£323k

Working capital

Current Assets

£490k

Current Liabilities

£167k

Fixed Assets

£28k

Debtors

£335k

9avg. employees

Tax at Year End

Corp tax£73k
VAT£22k

Director Loans(2023)

Company owes directors£130k
Directors owe company£5k

Balance Sheet

Assets less current liabilities£352k
Signed by Mr Laurie Mitchell 29/08/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20242.94-£163k£436k
202314.97£136k

Derived from filed accounts. Not audited figures.