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Palmersford Solar Limited

09117395

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

MEADOW BARN, CHELTENHAM, GL53 9PQ
Incorporated 04/07/2014

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 29/06/2025

Due 13/07/2026

On track

Industry

35110
Production of electricity

Officers

Mr Richard Leonard Simmonds

director · Since 18/05/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 27 other boards

Mr Nimesh Raghavendra Kamath

director · Since 19/04/2021

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 54 other boards

Persons with Significant Control

Sedgwick Renewable Energy Limited

75–100% shares

Meadow Barn, Elkstone Studios, Cheltenham, GL53 9PQ

Reg: 08804856 · Registrar Of Companies (England And Wales) · Limited Company

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

SANTANDER UK PLC

Created 09/09/2022Registered 13/09/2022
Charge
satisfied

SANTANDER UK PLC

Created 29/12/2015Registered 11/01/2016Satisfied 04/10/2022

CompanyRankvs 1858+ SIC 35110 peers
40

Financial strength83th percentile among SIC peers · 21/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.34× · 2/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength21/25 pts

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

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2019

Net Worth

£271k

Balance sheet strength

Cash

£309k

Cash in the bank

Net Current Assets

-£646k

Working capital

Current Assets

£340k

Current Liabilities

£986k

Fixed Assets

£3.1M

Debtors

£31k

Balance Sheet

Bank loans & overdrafts£2.3M
Assets less current liabilities£2.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20190.34+£124k
20180.32

Derived from filed accounts. Not audited figures.