Passaic Services Limited
10830442
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 14/08/2025
Due 28/08/2026
Industry
Officers
Persons with Significant Control
Passaic Investments Limited
C/O Hillier Hopkins Llp, First Floor, Radius House, Watford, WD17 1HP
Reg: 12333317 · Companies House · Limited By Shares
Notified 14/08/2024
Former PSCs
Mr Benedict Luke Green
Ceased 14/08/2024
Change History
Active
Private Limited Company
C/O HILLIER HOPKINS LLP FIRST FLOOR, RADIUS HOUSE
WATFORD
CompanyRankvs 15219+ SIC 64209 peers61
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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.
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
£1.4M
Balance sheet strength
Cash
£1.8M
Cash in the bank
Net Current Assets
-£663k
Working capital
Current Assets
£3.5M
Current Liabilities
£4.1M
Fixed Assets
£2.1M
Debtors
£1.7M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.84 | +£36k |
| 2023 | 0.90 | +£91k |
| 2023 | 0.91 | -£175k |
| 2022 | 6.03 | +£642k |
| 2021 | 4.66 | +£343k |
| 2020 | 3.15 | +£320k |
| 2018 | 0.07 | — |
Derived from filed accounts. Not audited figures.