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Truetech Property Solutions Limited

12899262

active
Private Limited Company
Companies House
Health Score
55 / 100

Notable Risks

25/30
Filing
0/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 7 outstanding charges (-10)

Details

C/O BI ACCOUNTANCY LTD 80 ASHTON ROAD, MANCHESTER, M34 3JF
Incorporated 23/09/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Paul Kingsley Lovell

director · Since 23/09/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Also on 1 other board

Persons with Significant Control

Mr Paul Kingsley Lovell

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

British · United Kingdom · Age 48

C/O Bi Accountancy Ltd, 80 Ashton Road, Manchester, M34 3JF

Notified 23/09/2020

Charges7 outstanding

Charge
outstanding

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WEST BROMWICH COMMERCIAL LIMITED

Created 25/06/2021Registered 25/06/2021
Charge
outstanding

WEST BROMWICH COMMERCIAL LIMITED

Created 01/02/2021Registered 01/02/2021

CompanyRankvs 313953+ SIC 68209 peers
14

Financial strength5th percentile among SIC peers · 1/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio -0.47× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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313953Truetech Property Solutions Limited
23
How is this score calculated?
Financial strength1/25 pts

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

Employees0/15 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.

Longevity6/15 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 30/09/2024

Net Worth

-£57k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£893k

Working capital

Current Assets

-£286k

Current Liabilities

£607k

Fixed Assets

£835k

Balance Sheet

Assets less current liabilities-£57k
Signed by Mr Paul Lovell 08/05/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
2024-0.47+£0
2024-0.47-£23k
20230.24—

Derived from filed accounts. Not audited figures.