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Project Pt Bidco Limited

11025015

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

C/O BRIGHT FUTURES CARE LIMITED ASHER HOUSE, LYMM, WA13 0ED
Incorporated 20/10/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

87100
Residential nursing care facilities

Officers

Ms Rachelle Russell

director · Since 03/02/2021

OPERATIONS DIRECTOR

BRITISH · UNITED KINGDOM · Age 45

Also on 7 other boards

Persons with Significant Control

Project Pt Topco Limited

75–100% shares
75–100% votes
Appoint directors

C/O Bright Futures Care Limited, Asher House, Lymm, WA13 0ED

Reg: 11024962 · Companies House · Corporate

Notified 20/10/2017

Charges1 outstanding

Charge
outstanding

ALTUM TRUSTEES LIMITED (IN ITS CAPACITY AS SECURITY AGENT FOR THE BENEFICIARIES)

Created 21/07/2023Registered 31/07/2023
Charge
satisfied

LUCID TRUSTEE SERVICES LIMITED

Created 21/06/2021Registered 21/06/2021Satisfied 19/07/2023
Charge
satisfied

CLYDESDALE BANK PLC TRADING AS YORKSHIRE BANK AS SECURITY AGENT

Created 24/06/2020Registered 03/07/2020Satisfied 12/06/2023
Charge
satisfied

CLYDESDALE BANK PLC TRADING AS YORKSHIRE BANK AS SECURITY AGENT

Created 22/12/2017Registered 03/01/2018Satisfied 12/06/2023

CompanyRankvs 3800+ SIC 87100 peers
19

Financial strength17th percentile among SIC peers · 4/25
Employees61th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength4/25 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.

Longevity9/15 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

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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t

Key FinancialsYear ending 31/10/2024

Net Worth

£1

Balance sheet strength

Cash

£25k

Cash in the bank

Profit Before Tax

-£2.7M

Bottom line earnings

Net Current Assets

-£29.7M

Working capital

Current Assets

£1.3M

Current Liabilities

£31.0M

Debtors

£1.3M

Admin Expenses

£34

Operating Profit

-£34

Profit After Tax

-£2.3M

2avg. employees-2

Balance Sheet

Assets less current liabilities-£15.6M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.04
20230.03+£0
20220.29+£198k
20211.83+£3.9M
20200.46

Derived from filed accounts. Not audited figures.