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Powerverse Development Limited

08760287

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

SUSTAINABLE WORKSPACES, COUNTY HALL,, LONDON, SE1 7PB
Incorporated 04/11/2013

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 04/11/2025

Due 18/11/2026

On track

Industry

35110
Production of electricity

Officers

Mr Richard Britton

director · Since 09/10/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Also on 2 other boards

Ms Grace Choong

director · Since 09/10/2023

DIRECTOR

MALAYSIAN · UNITED KINGDOM · Age 44

Also on 2 other boards

Persons with Significant Control

Powerverse Investments Limited

75–100% shares
75–100% votes
Appoint directors

33 Holborn, 7th Floor, London, EC1N 2HU

Reg: 14859819 · Companies House · Private Company Limited By Shares

Notified 12/07/2023

Former PSCs

Lightsource Renewable Energy Holdings Limited

Ceased 24/11/2017

Lightsource Holdings 3 Limited

Ceased 12/07/2023

CompanyRankvs 2172+ SIC 35110 peers
50

Financial strength2th percentile among SIC peers · 1/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.56× · 6/20
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 strength1/25 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.

Liquidity6/20 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

Turnover

£784k

Annual revenue

Net Worth

-£2.4M

Balance sheet strength

Cash

£424k

Cash in the bank

Profit Before Tax

£9.6M

Bottom line earnings

Net Current Assets

-£976k

Working capital

Current Assets

£1.3M

Current Liabilities

£2.2M

Fixed Assets

£31k

Debtors

£830k

Cost of Sales

£2.1M

Gross Profit

-£1.3M

Admin Expenses

£7.0M

Operating Profit

£9.6M

Profit After Tax

£9.6M

30avg. employees

Balance Sheet

Assets less current liabilities-£945k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.56

Derived from filed accounts. Not audited figures.