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Process Development Engineering Limited

13795673

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNIT B, CAERPHILLY, CF83 3RW
Incorporated 12/12/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining
25990
Manufacture of other fabricated metal products
71129
Other engineering activities

Officers

Mr Imran Mogul

director · Since 12/12/2021

MECHANICAL ENGINEER

BRITISH · WALES · Age 57

Mrs Nacera Sabri Mogul

director · Since 01/07/2023

ADMINISTRATOR

BRITISH · WALES · Age 61

Persons with Significant Control

Mr Imran Mogul

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

British · Wales · Age 57

Unit B, Wingfield Works, Caerphilly, CF83 3RW

Notified 12/12/2021

Mrs Nacera Sabri Mogul

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

British · Wales · Age 61

Unit B, Wingfield Works, Caerphilly, CF83 3RW

Notified 15/12/2022

CompanyRankvs 2187+ SIC 25620 peers
19

Financial strength5th percentile among SIC peers · 1/25
Employees51th percentile among SIC peers · 8/15
LiquidityNo balance sheet data · 0/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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2187Process Development Engineering Limited
28
How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees8/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity0/20 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

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

when employees have rendered service entitling them to the contributions. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Going Concern Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to conti

Key FinancialsYear ending 31/12/2024

Net Worth

-£30k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

—

Current Liabilities

—

Fixed Assets

£54k

3avg. employees+1
Signed by 2024-01-01

EstimatesDerived

YearImplied Profit
2024-£38k

Derived from filed accounts. Not audited figures.