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Panacea Finance Solutions Limited

08666729

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

FLORENCE HOUSE LOWER HIGH STREET, LINCOLN, LN5 9QA
Incorporated 28/08/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64929
64929

Officers

Mr Steven Carl Fletcher

director · Since 28/08/2013

DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 7 other boards

Mr John Ralph Williams

director · Since 28/08/2013

DIRECTOR

BRITISH · ENGLAND · Age 73

Mr Stuart Daniel Williams

director · Since 28/08/2013

DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Also on 6 other boards

Mr John Henry Wilson

director · Since 28/08/2013

DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 6 other boards

Persons with Significant Control

Mr Steven Carl Fletcher

Significant control

British · England · Age 64

Florence House, Lower High Street, Lincoln, LN5 9QA

Notified 01/07/2016

Mr John Ralph Williams

Significant control

British · England · Age 73

Florence House, Lower High Street, Lincoln, LN5 9QA

Notified 01/07/2016

Mr John Henry Wilson

Significant control

British · England · Age 62

Florence House, Lower High Street, Lincoln, LN5 9QA

Notified 01/07/2016

Mr Stuart Daniel Williams

Significant control

British · England · Age 43

Florence House, Lower High Street, Lincoln, LN5 9QA

Notified 01/07/2016

Charges1 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 02/06/2020Registered 10/06/2020

CompanyRankvs 152+ SIC 64929 peers
67

Financial strength90th percentile among SIC peers · 23/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.27× · 12/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 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.

Liquidity12/20 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.

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

£2.4M

Balance sheet strength

Cash

£591k

Cash in the bank

Net Current Assets

£2.4M

Working capital

Current Assets

£11.4M

Current Liabilities

£9.0M

Fixed Assets

£226

Debtors

£10.4M

7avg. employees

Balance Sheet

Bank loans & overdrafts£28k
Assets less current liabilities£2.4M
Signed by 08666729 2024-01-01 2024-12-31 08666729 2024-12-31 08666729 core:CapitalRedemptionReserve 2024-12-31 08666729 core:RetaiPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20241.27+£244k
20231.28+£237k
20221.26+£350k
20211.21+£303k
20201.25+£289k
20191.42+£116k
20181.16

Derived from filed accounts. Not audited figures.