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Practixplus Ltd

13681825

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

223 ST. ALBANS ROAD, WATFORD, WD24 5BH
Incorporated 15/10/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70229
Management consultancy activities

Officers

Mr Malitha Piyankara Herath Herath Pathirathnahalage

director · Since 15/10/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 9 other boards

Mr Sumith Jayasingha

director · Since 15/10/2021

DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 3 other boards

Mr Janaka Thennakoon Hadunkiri Kumarasingha Mudiyanse Kumarasingha

director · Since 31/07/2024

CERTIFIED CHARTERED ACCOUNTANT

SRI LANKAN · UNITED KINGDOM · Age 46

Also on 1 other board

Persons with Significant Control

Mr Sumith Jayasingha

25–50% shares

British · England · Age 43

19, Leavesden Road, Watford, WD24 5ED

Notified 15/10/2021

Mr Malitha Piyankara Herath Herath Pathirathnahalage

25–50% shares

British · United Kingdom · Age 49

10, Wiggenhall Road, Watford, WD18 0AL

Notified 15/10/2021

Mr Janaka Thennakoon Hadunkiri Kumarasingha Mudiyanselage Kumarasingha

25–50% shares

Sri Lankan · United Kingdom · Age 46

1 Premier Place, Premier Place, Watford, WD18 7PB

Notified 31/07/2024

Former PSCs

Mr Karavadara Ranabhai Devshibhai

Ceased 19/07/2024

CompanyRankvs 139356+ SIC 70229 peers
39

Financial strength13th percentile among SIC peers · 3/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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139356Practixplus Ltd
38
How is this score calculated?
Financial strength3/25 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.

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.

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

Key FinancialsYear ending 31/10/2024

Net Worth

-£1k

Balance sheet strength

Cash

£79

Cash in the bank

Net Current Assets

-£1k

Working capital

Current Assets

£79

Current Liabilities

£2k

3avg. employees

Balance Sheet

Assets less current liabilities-£1k
Signed by Mr Malitha Herath Pathirathnahalage 20/10/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.05

Derived from filed accounts. Not audited figures.