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Pcp Iii No.2 Limited

13242544

active
Private Limited Company
england wales
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

9TH FLOOR SHIP CANAL HOUSE, MANCHESTER, M2 4WU
Incorporated 03/03/2021

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 02/03/2026

Due 16/03/2027

On track

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr James Patrick Hewitt

director · Since 03/03/2021

SURVEYOR

BRITISH · UNITED KINGDOM · Age 39

Also on 67 other boards

Mr David Michael Mccann

director · Since 03/03/2021

SOLICITOR

BRITISH · UNITED KINGDOM · Age 59

Also on 80 other boards

Persons with Significant Control

Pcp Iii Gp Llp As General Partner Of Praxis Capital Partners Iii Lp

75–100% shares
75–100% votes

9th Floor, Ship Canal House, Manchester, M2 4WU

Reg: Oc434278 · Register Of Companies · Limited Liability Partnership

Notified 03/03/2021

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC AS SECURITY TRUSTEE FOR THE SECURED PARTIES

Created 16/10/2025Registered 20/10/2025
Charge
outstanding

HSBC UK BANK PLC AS SECURITY TRUSTEE FOR THE SECURED PARTIES (SECURITY AGENT)

Created 23/12/2021Registered 23/12/2021

CompanyRankvs 292572+ SIC 68209 peers
15

Financial strength0th percentile among SIC peers · 0/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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292572Pcp Iii No.2 Limited
25
How is this score calculated?
Financial strength0/25 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.

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.

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 31/12/2024

Net Worth

-£9.1M

Balance sheet strength

Cash

£470k

Cash in the bank

Net Current Assets

-£22.6M

Working capital

Current Assets

£1.2M

Current Liabilities

£23.7M

Debtors

£686k

Profit After Tax

-£2.5M

0avg. employees-3

Balance Sheet

Assets less current liabilities£2.6M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.05-£3.9M
20230.17-£2.5M
20220.12-£1.3M

Derived from filed accounts. Not audited figures.