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Prospect Holdings (West Midlands) Limited

10190884

active
Private Limited Company
england wales
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

288-298 TYBURN ROAD, BIRMINGHAM, B24 8LY
Incorporated 20/05/2016

Compliance

Last accounts

31/03/2024

total exemption full

Next accounts due

31/03/2026

Overdue

Confirmation statement

Last: 19/05/2025

Due 02/06/2026

On track

Industry

64209
Activities of other holding companies

Officers

Mr Shailesh Chandra Kantilal Parekh

director · Since 20/05/2016

DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 2 other boards

Persons with Significant Control

Mr Shailesh Chandra Kantilal Parekh

75–100% shares

British · England · Age 61

288-298, Tyburn Road, Birmingham, B24 8LY

Notified 25/05/2016

Charges3 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 15/04/2020Registered 17/04/2020
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 20/03/2017Registered 17/10/2017
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 02/03/2017Registered 08/03/2017

CompanyRankvs 15178+ SIC 64209 peers
46

Financial strength78th percentile among SIC peers · 20/25
Employees59th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.03× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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15178Prospect Holdings (West Midlands) Limited
56
How is this score calculated?
Financial strength20/25 pts

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

Employees9/15 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.

Longevity10/15 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 31/03/2024

Net Worth

£307k

Balance sheet strength

Cash

£27k

Cash in the bank

Net Current Assets

-£807k

Working capital

Current Assets

£27k

Current Liabilities

£835k

Fixed Assets

£2.0M

1avg. employees

Tax at Year End

Corp tax£74k

Balance Sheet

Bank loans & overdrafts£76k
Assets less current liabilities£1.2M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.03+£35k
20230.00+£46k
20220.00+£46k
20210.00+£29k
2020—+£53k

Derived from filed accounts. Not audited figures.