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The Penny Group Ltd

11103804

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

3RD FLOOR THE COADE, LONDON, SE11 5EL
Incorporated 08/12/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70221
Financial management

Officers

Mr Clement Edward Cowley

director · Since 08/12/2017

DIRECTOR

BRITISH · UNITED KINGDOM · Age 40

Also on 2 other boards

Mr Michael Joseph Elworthy

director · Since 08/12/2017

DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 11 other boards

Mr Graeme Joseph Morrissey

director · Since 08/12/2017

DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 10 other boards

Mr Adam David John Roberts

director · Since 08/12/2017

DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 4 other boards

Persons with Significant Control

The Penny Group Holdings Ltd

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

3rd Floor, The Coade, London, SE11 5EL

Reg: 14251013 · England And Wales · Private Limited Company

Notified 15/08/2022

Charges2 outstanding

Charge
outstanding

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH OF ITSELF AND EACH SECURED PARTY

Created 14/08/2024Registered 16/08/2024
Charge
outstanding

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH OF ITSELF AND EACH SECURED PARTY

Created 22/08/2022Registered 30/08/2022
Charge
satisfied

LLOYDS BANK PLC

Created 17/06/2020Registered 18/06/2020Satisfied 23/08/2022
Charge
satisfied

OPENWORK SERVICES LIMITED

Created 04/04/2019Registered 11/04/2019Satisfied 25/08/2022

CompanyRankvs 3711+ SIC 70221 peers
60

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.93× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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65
How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2022

Net Worth

£3.5M

Balance sheet strength

Cash

£1.6M

Cash in the bank

Net Current Assets

-£160k

Working capital

Current Assets

£2.3M

Current Liabilities

£2.4M

Fixed Assets

£4.5M

Debtors

£643k

49avg. employees

Tax at Year End

Corp tax£719k

Balance Sheet

Intangible assets£4.4M
Bank loans & overdrafts£583k
Assets less current liabilities£4.4M
Prepared with Caseware UK (AP4) 2021.0.152

EstimatesDerived

YearCurrent Ratio
20220.93

Derived from filed accounts. Not audited figures.