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The Independent Progression Pub Company Ltd

11508211

active
Private Limited Company
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

WHISTLERS RESTAURANT, CHIPPING NORTON, OX7 5NH
Incorporated 09/08/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants
56302
Public houses and bars

Officers

Mr. Nathan Daniel Phelps

director · Since 09/08/2018

CHEF

ENGLISH · ENGLAND · Age 45

Also on 1 other board

Ms Kerry Leanne Foley

director · Since 04/09/2019

DIRECTOR

AUSTRALIAN · ENGLAND · Age 55

Persons with Significant Control

Mr. Nathan Daniel Phelps

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

English · England · Age 45

30 Bankside Court, Stationfields, Oxford, OX5 1JE

Notified 09/08/2018

Ms Kerry Leanne Foley

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

Australian · United Kingdom · Age 55

30 Bankside Court, Stationfields, Oxford, OX5 1JE

Notified 19/08/2019

Former PSCs

Miss Kerry Leanne Foley

Ceased 19/10/2018

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 13/11/2019Registered 14/11/2019
Charge
outstanding

HSBC UK BANK PLC

Created 19/08/2019Registered 22/08/2019

CompanyRankvs 26657+ SIC 56101 peers
22

Financial strength9th percentile among SIC peers · 2/25
Employees31th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength2/25 pts

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

Employees5/15 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.

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.

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 31/05/2025

Net Worth

-£97k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£204k

Working capital

Current Assets

£11k

Current Liabilities

£214k

Fixed Assets

£353k

Debtors

£6k

2avg. employees

Balance Sheet

Assets less current liabilities£150k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.05+£5k
20240.08-£13k
20230.02-£34k
20220.05-£28k
20210.11

Derived from filed accounts. Not audited figures.