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Providentia Property Developments Ltd

13648067

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

11 BRINDLEY PLACE, BIRMINGHAM, B1 2LP
Incorporated 28/09/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects
68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Harmale Singh Jhutti

director · Since 28/09/2021

DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 1 other board

Mr Parminder Singh Jhutti

director · Since 28/09/2021

DIRECTOR

BRITISH · ENGLAND · Age 75

Also on 6 other boards

Persons with Significant Control

Mr Parminder Singh Jhutti

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

British · England · Age 75

11 Brindley Place, Brunswick Square, Birmingham, B1 2LP

Notified 28/09/2021

Mr Harmale Singh Jhutti

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

British · England · Age 45

11 Brindley Place, Brunswick Square, Birmingham, B1 2LP

Notified 28/09/2021

Charges1 outstanding

Charge
outstanding

SHAWBROOK BANK LIMITED

Created 25/04/2023Registered 26/04/2023
Charge
satisfied

LLOYDS BANK PLC

Created 07/01/2022Registered 12/01/2022Satisfied 28/04/2023
Charge
satisfied

LLOYDS BANK PLC

Created 07/01/2022Registered 12/01/2022Satisfied 28/04/2023

CompanyRankvs 43048+ SIC 41100 peers
38

Financial strength94th percentile among SIC peers · 24/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.15× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -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.

Employees2/15 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 30/09/2024

Net Worth

£1.1M

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£163k

Working capital

Current Assets

£29k

Current Liabilities

£195k

Fixed Assets

£3.4M

0avg. employees

Balance Sheet

Assets less current liabilities£3.3M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.15+£5k
20230.12-£56k
20220.26

Derived from filed accounts. Not audited figures.