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Principle Networks Ltd

11341216

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

THE STANLEY BUILDING, LONDON, N1C 4AG
Incorporated 02/05/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
62020
Information technology consultancy activities
62090
Other information technology service activities

Officers

Mr Russell Charles Crowley

director · Since 02/05/2018

SALES DIRECTOR

BRITISH · ENGLAND · Age 41

Mr Alexander Benjamin Steer

director · Since 02/05/2018

OPERATIONS DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Persons with Significant Control

Mr Alexander Benjamin Steer

25–50% shares
25–50% votes
Appoint directors

British · England · Age 43

The Stanley Building, 7 Pancras Square, London, N1C 4AG

Notified 02/05/2018

Mr Russell Charles Crowley

25–50% shares
25–50% votes
Appoint directors

British · England · Age 41

The Stanley Building, 7 Pancras Square, London, N1C 4AG

Notified 02/05/2018

CompanyRankvs 6811+ SIC 62012 peers
74

Financial strength97th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.28× · 12/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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6811Principle Networks Ltd
74
How is this score calculated?
Financial strength24/25 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.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity8/15 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.

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

Key FinancialsYear ending 31/05/2025

Net Worth

£1.0M

Balance sheet strength

Cash

£2.0M

Cash in the bank

Net Current Assets

£930k

Working capital

Current Assets

£4.2M

Current Liabilities

£3.3M

Fixed Assets

£246k

Debtors

£2.2M

25avg. employees+4

Balance Sheet

Intangible assets£109k
Assets less current liabilities£1.2M
Signed by 11341216 2024-06-01 2025-05-31 11341216 2025-05-31 11341216 bus:OrdinaryShareClass1 2025-05-31 11341216 bus:OrdinarySharPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20251.28+£194k
20241.34+£204k
20231.53-£72k
20222.60+£56k
20213.15—

Derived from filed accounts. Not audited figures.