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Provar Limited

08999736

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

CANNON PLACE, LONDON, EC4N 6AF
Incorporated 16/04/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Paul Marius Noffke

director · Since 16/04/2014

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 1 other board

Mr Geraint David Waters

director · Since 28/07/2014

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Mr Michael Stafford Elias

director · Since 07/01/2021

INVESTMENT MANAGER

BRITISH,AMERICAN · UNITED KINGDOM · Age 66

Also on 4 other boards

Mr Matthew Alexander Cooksley

director · Since 08/08/2021

MANAGEMENT CONSULTANT

BRITISH · ENGLAND · Age 52

Mr Alexander David Taylor-Harris

director · Since 11/04/2024

INVESTOR

BRITISH · UNITED KINGDOM · Age 32

Mr Antony Mark Sumpster

director · Since 05/02/2025

CHIEF EXECUTIVE OFFICER

BRITISH · UNITED STATES · Age 59

Mr Michael Joseph Milburn

director · Since 23/09/2025

COMPANY DIRECTOR

AMERICAN · UNITED STATES · Age 52

Carine Strom Clark

director · Since 23/09/2025

COMPANY DIRECTOR

AMERICAN · UNITED STATES · Age 63

Persons with Significant Control

Former PSCs

Mr Paul Marius Noffke

Ceased 30/01/2021

Make Positive Limited

Ceased 29/06/2016

Make Positive Holdco Limited

Ceased 07/01/2021

Charges2 outstanding

Charge
outstanding

HSBC INNOVATION BANK LIMITED

Created 16/09/2025Registered 19/09/2025
Charge
outstanding

SILICON VALLEY BANK

Created 29/07/2022Registered 02/08/2022
Charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE

Created 18/05/2020Registered 26/05/2020Satisfied 21/02/2022
Charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE

Created 18/05/2020Registered 26/05/2020Satisfied 21/02/2022

CompanyRankvs 44658+ SIC 62012 peers
16

Financial strength1th percentile among SIC peers · 0/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.85× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees3/15 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.

Longevity12/15 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

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

not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Parent Company and Group ’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 30/04/2024

Net Worth

-£1.8M

Balance sheet strength

Cash

£4.2M

Cash in the bank

Net Current Assets

-£1.1M

Working capital

Current Assets

£6.5M

Current Liabilities

£7.6M

Fixed Assets

£366k

Debtors

£2.3M

Profit After Tax

-£4.1M

0avg. employees-13

People Costs

Wages & salaries£2.8M
NI contributions-£293k

Balance Sheet

Intangible assets£7k
Bank loans & overdrafts£1.3M
Assets less current liabilities-£743k
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent Ratio
20240.85
20204.77
20198.06
20183.47

Derived from filed accounts. Not audited figures.