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Prograd Limited

13001496

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

HALLSWELLE HOUSE, LONDON, NW11 0DH
Incorporated 06/11/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Ethan Fraenkel

director · Since 06/11/2020

CHIEF EXECUTIVE

BELGIAN · UNITED KINGDOM · Age 29

Also on 1 other board

Mr Marco Logiudice

director · Since 06/11/2020

CHIEF PRODUCT

ITALIAN · ENGLAND · Age 28

Persons with Significant Control

Mr Ethan Fraenkel

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

Belgian · United Kingdom · Age 29

Hallswelle House, 1 Hallswelle Road, London, NW11 0DH

Notified 06/11/2020

Mr Marco Logiudice

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

Italian · England · Age 28

Hallswelle House, 1 Hallswelle Road, London, NW11 0DH

Notified 06/11/2020

CompanyRankvs 5183+ SIC 62090 peers
69

Financial strength97th percentile among SIC peers · 24/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 90.25× · 20/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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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.

Employees14/15 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.

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

Going concern doubt: -10 pts

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

Going Concern Doubt

and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Presentation currency The company’s financial statements are presented in sterling. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s a

Key FinancialsYear ending 30/06/2025

Net Worth

£971k

Balance sheet strength

Cash

£1.2M

Cash in the bank

Net Current Assets

£1.3M

Working capital

Current Assets

£1.3M

Current Liabilities

£14k

Fixed Assets

£6k

Debtors

£99k

6avg. employees

Balance Sheet

Intangible assets£4k
Assets less current liabilities£1.3M
Signed by Mr E Fraenkel,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202590.25+£263k
202450.31—
2023121.21—
202236.29—
2021240.02—

Derived from filed accounts. Not audited figures.