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Port Brae Wealth Management Limited

12109891

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

42 BRIDGE STREET, NORTHUMBERLAND, TD15 1AQ
Incorporated 18/07/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66110
Administration of financial markets

Officers

Mr Michael Edward Cornish

director · Since 18/07/2019

FINANCIAL ADVISER

BRITISH · UNITED KINGDOM · Age 42

Mr Mark Edward Mcgonigle

director · Since 18/07/2019

FINANCIAL ADVISER

BRITISH · UNITED KINGDOM · Age 44

Also on 1 other board

Mr Michael Patrick Mcgovern

director · Since 18/07/2019

DIRECTOR/FINANCIAL ADVISER

BRITISH · UNITED KINGDOM · Age 56

Also on 3 other boards

Persons with Significant Control

Port Brae Associates Ltd

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

42, Bridge Street, Berwick-Upon-Tweed, TD15 1AQ

Reg: 15047796 · Companies House · Private Limited Company

Notified 04/01/2024

Former PSCs

Mr Michael Edward Cornish

Ceased 27/11/2019

Mr Mark Edward Mcgonigle

Ceased 14/07/2021

Mr Michael Patrick Mcgovern

Ceased 14/07/2021

The Mcgonigle Group Ltd

Ceased 04/01/2024

Valdres Holdings Limited

Ceased 04/01/2024

CompanyRankvs 106+ SIC 66110 peers
78

Financial strength92th percentile among SIC peers · 23/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 45.22× · 20/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 pts

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

Employees13/15 pts

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

Liquidity20/20 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 30/11/2024

Net Worth

£431k

Balance sheet strength

Cash

£26k

Cash in the bank

Net Current Assets

£431k

Working capital

Current Assets

£441k

Current Liabilities

£10k

Fixed Assets

£993k

Debtors

£415k

3avg. employees-6

Balance Sheet

Intangible assets£101k
Assets less current liabilities£431k
Signed by 12109891 2023-12-01 2024-11-30 12109891 2024-11-30 12109891 core:CurrentFinancialInstruments 2024-11-30 12109891 core:CuPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
202445.22+£41k
20230.77+£187k
20220.89+£86k
20210.79

Derived from filed accounts. Not audited figures.