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Panacea Products Ltd

09122390

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

43-45 DEVIZES ROAD, SWINDON, SN1 4BG
Incorporated 09/07/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31090
Manufacture of other furniture

Officers

Mr Frank Gregory Paniccia

director · Since 09/07/2014

CEO

AMERICAN · UNITED STATES · Age 70

Also on 1 other board

Mr Malcolm Stuart Andrews

director · Since 01/06/2015

DIRECTOR

BRITISH · UNITED KINGDOM · Age 70

Also on 1 other board

Mr Frank Gregory Paniccia

director · Since 17/08/2021

DIRECTOR

AMERICAN · UNITED STATES · Age 44

Also on 1 other board

Persons with Significant Control

Mr Frank Gregory Paniccia

50–75% shares
50–75% votes

American · United States · Age 70

Panacea Products Corp., 2711 International Street, Ohio 43228

Notified 01/07/2017

CompanyRankvs 2303+ SIC 31090 peers
56

Financial strength35th percentile among SIC peers · 9/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.72× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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2303Panacea Products Ltd
52
How is this score calculated?
Financial strength9/25 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.

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.

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

£100

Balance sheet strength

Cash

£282k

Cash in the bank

Net Current Assets

-£1.3M

Working capital

Current Assets

£3.5M

Current Liabilities

£4.8M

Fixed Assets

£68k

Debtors

£474k

11avg. employees

Balance Sheet

Assets less current liabilities-£1.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.72
20230.81

Derived from filed accounts. Not audited figures.