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Pace Projects & Developments Limited

13199186

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

1 TOWER HOUSE, HODDESDON, EN11 8UR
Incorporated 12/02/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Andrew James Mccarthy

director · Since 12/02/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 47

Also on 3 other boards

Mrs Mihaela Ileana Pasenciuc

director · Since 12/02/2021

DIRECTOR

ROMANIAN,BRITISH · ENGLAND · Age 46

Mr Vasile Pasenciuc

director · Since 10/01/2023

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 3 other boards

Persons with Significant Control

Mr Andrew James Mccarthy

25–50% shares
25–50% votes

British · United Kingdom · Age 47

1 Tower House, Tower Centre, Hoddesdon, EN11 8UR

Notified 12/02/2021

Former PSCs

Mrs Mihaela Ileana Pasenciuc

Ceased 17/01/2023

CompanyRankvs 4997+ SIC 41100 peers
78

Financial strength96th percentile among SIC peers · 24/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 4.89× · 20/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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4997Pace Projects & Developments Limited
78
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.

Longevity5/15 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 28/02/2025

Net Worth

£1.7M

Balance sheet strength

Cash

£1.7M

Cash in the bank

Net Current Assets

£1.6M

Working capital

Current Assets

£2.1M

Current Liabilities

£422k

Fixed Assets

£136k

Debtors

£403k

5avg. employees+1

Tax at Year End

Corp tax£181k
VAT£124k

Balance Sheet

Assets less current liabilities£1.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20254.89+£408k£2.5M
20244.46+£690k£1.7M
20232.88+£368k£3.0M
20221.77—£1.8M

Derived from filed accounts. Not audited figures.