Project 12 Limited
09982547
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/03/2025
small
Next accounts due
31/12/2026
Confirmation statement
Last: 11/04/2026
Due 25/04/2027
Industry
Officers
director · Since 25/10/2024
DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 8 other boards
director · Since 01/06/2025
ENGINEER
BRITISH · ENGLAND · Age 51
Also on 1 other board
director · Since 01/06/2025
CEO
BRITISH · UNITED KINGDOM · Age 46
Also on 1 other board
Persons with Significant Control
Rockman Advanced Composites UK Limited
The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW
Reg: 15884161 · England · Private Limited Company
Notified 25/10/2024
Former PSCs
Mr Ian Michael Durham
Ceased 10/04/2017
Mrs Tracy King
Ceased 30/04/2017
Mrs Margaret Dorothy Durham
Ceased 10/04/2017
Mr David John King
Ceased 06/04/2016
Mr Philip William Smith
Ceased 10/04/2017
Mrs Tracy King
Ceased 25/10/2024
Charges1 outstanding
ICICI BANK UK PLC
CompanyRankvs 924+ SIC 71129 peers64
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Company has adequate resources to remain in operation and have no reason to believe that a material uncertainty exists that may cast significant doubt about the Company's ability to continue as a going concern. Accordingly, the financial statements have been prepared on the going concern basis of accounting. Page 2 PROJECT 12 LIMITED (REGISTERED NUMBER: 09982547) REPORT OF THE DIRECTORS FOR TH
Key FinancialsYear ending 31/03/2025
Turnover
£4.6M
Annual revenue
Net Worth
£1.1M
Balance sheet strength
Cash
£309k
Cash in the bank
Profit Before Tax
£50k
Bottom line earnings
Net Current Assets
£804k
Working capital
Current Assets
£1.2M
Current Liabilities
£398k
Fixed Assets
£316k
Debtors
£796k
Cost of Sales
£3.3M
Gross Profit
£1.3M
Admin Expenses
£1.3M
Operating Profit
£38k
Profit After Tax
£81k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 3.02 | -£903k |
| 2024 | 3.32 | +£605k |
| 2023 | 3.70 | +£295k |
| 2022 | 3.90 | +£71k |
| 2021 | 2.77 | +£271k |
| 2020 | 4.16 | +£256k |
| 2019 | 1.64 | — |
Derived from filed accounts. Not audited figures.