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Project X Ltd

09239438

active
Private Limited Company
england wales
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

5-7 PELLEW ARCADE, TEIGNMOUTH, TQ14 8EB
Incorporated 29/09/2014

Compliance

Last accounts

31/12/2024

micro entity

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 29/09/2025

Due 13/10/2026

On track

Industry

58290
Other software publishing

Officers

Mr David Ross Naylor

director · Since 29/09/2014

LAWYER

BRITISH · UNITED KINGDOM · Age 57

Also on 3 other boards

Mr Chris Pointon

director · Since 19/09/2015

SOFTWARE ENGINEER

BRITISH · ENGLAND · Age 56

Persons with Significant Control

Mr Christopher John Pointon

Significant control

British · England · Age 56

5-7 Pellew Arcade, Teign Street, Teignmouth, TQ14 8EB

Notified 06/04/2016

Mr David Ross Naylor

50–75% shares

British · United Kingdom · Age 57

5-7 Pellew Arcade, Teign Street, Teignmouth, TQ14 8EB

Notified 06/04/2016

CompanyRankvs 2531+ SIC 58290 peers
55

Financial strength92th percentile among SIC peers · 23/25
Employees22th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.01× · 2/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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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.

Employees3/15 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.

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

£183k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£269k

Working capital

Current Assets

£1k

Current Liabilities

£270k

Fixed Assets

£85k

0avg. employees-2

Balance Sheet

Assets less current liabilities£183k
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20240.01+£48k
20230.00

Derived from filed accounts. Not audited figures.