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We Are Propeller Ltd

11770324

active
Private Limited Company
wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

1 WATERSIDE BUSINESS PARK, CARDIFF, CF3 2ET
Incorporated 16/01/2019

Compliance

Last accounts

29/03/2025

micro entity

Next accounts due

29/12/2026

On track

Confirmation statement

Last: 15/01/2026

Due 29/01/2027

On track

Industry

62012
Business and domestic software development

Officers

Mr David Mark Adams

director · Since 16/01/2019

DIRECTOR

WELSH · WALES · Age 38

Also on 1 other board

Mr Michael Christopher Adams

director · Since 16/01/2019

DIRECTOR

WELSH · WALES · Age 38

Also on 1 other board

Persons with Significant Control

Mr David Mark Adams

25–50% shares
25–50% votes

Welsh · Wales · Age 38

4th Floor, 14, Museum Place, Cardiff, CF10 3BH

Notified 16/01/2019

Mr Michael Christopher Adams

25–50% shares
25–50% votes

Welsh · Wales · Age 38

4th Floor, 14, Museum Place, Cardiff, CF10 3BH

Notified 16/01/2019

CompanyRankvs 49055+ SIC 62012 peers
29

Financial strength7th percentile among SIC peers · 2/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.26× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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49055We Are Propeller Ltd
29
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.

Employees3/15 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.

Longevity7/15 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 29/03/2025

Net Worth

-£40k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£78k

Working capital

Current Assets

£27k

Current Liabilities

£105k

Fixed Assets

£40k

0avg. employees-2

Balance Sheet

Assets less current liabilities-£38k
Signed by 4 WE ARE PROPELLER LTDPrepared with TinyTax

EstimatesDerived

YearCurrent RatioImplied Profit
20250.26+£25k
20240.16-£8k
20230.08+£1k
20220.14+£507
20210.03-£45k

Derived from filed accounts. Not audited figures.