Project Nearshore Limited
11294575
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 7 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 05/04/2018
DIRECTOR
BRITISH · UNITED ARAB EMIRATES · Age 43
Also on 1 other board
director · Since 27/04/2018
DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 4 other boards
director · Since 21/05/2024
COMPANY DIRECTOR
ENGLISH · ENGLAND · Age 45
Also on 4 other boards
director · Since 28/08/2025
ACCOUNTANT
BRITISH · ENGLAND · Age 23
Also on 23 other boards
Persons with Significant Control
Lowry Trading Ltd
9th Floor, Neo, Manchester, M1 4ET
Reg: 06438997 · Companies House · Private Company Limited By Shares
Notified 27/04/2018
Former PSCs
Mr Robert Nugent
Ceased 27/04/2018
Mr Neil Turvin
Ceased 30/11/2020
Charges7 outstanding
HSBC UK BANK PLC
HSBC UK BANK PLC
HSBC BANK PLC
HSBC UK BANK PLC
HSBC UK BANK PLC
HSBC BANK PLC
HSBC BANK PLC
LOWRY TRADING LTD AS SECURITY TRUSTEE FOR THE SECURED PARTIES (SECURITY TRUSTEE)
CompanyRankvs 41623+ SIC 62020 peers39
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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
lead to significant doubt upon the Group's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements. Engagement with suppliers, customers and others Our plans are designed to have a long-term beneficial impact on the Group and so be a reli
Key FinancialsYear ending 31/12/2022
Net Worth
£824
Balance sheet strength
Cash
£117k
Cash in the bank
Net Current Assets
£38.3M
Working capital
Current Assets
£49.6M
Current Liabilities
£11.3M
Fixed Assets
£1
Debtors
£49.4M
Profit After Tax
£5.2M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 4.40 | — |
| 2020 | 5.51 | +£29.0M |
| 2019 | 0.09 | — |
Derived from filed accounts. Not audited figures.