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Preston Finance Ltd

14325439

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)
  • Current liabilities exceed current assets (-10)

Details

BANKSIDE 300 PEACHMAN WAY, NORWICH, NR7 0LB
Incorporated 30/08/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64910
Financial leasing
64929
64929

Officers

Mr Richard Alan Preston

director · Since 30/08/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 71

Persons with Significant Control

Mr Richard Alan Preston

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 71

Bankside 300, Peachman Way, Norwich, NR7 0LB

Notified 30/08/2022

CompanyRankvs 261+ SIC 64910 peers
66

Financial strength74th percentile among SIC peers · 19/25
Employees50th percentile among SIC peers · 8/15
LiquidityCurrent ratio 40.04× · 20/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength19/25 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.

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.

Longevity4/15 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 31/08/2024

Net Worth

£261k

Balance sheet strength

Cash

£16k

Cash in the bank

Net Current Assets

£2.5M

Working capital

Current Assets

£2.3M

Current Liabilities

£58k

Debtors

£2.3M

1avg. employees

Balance Sheet

Assets less current liabilities£2.5M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent Ratio
202440.04

Derived from filed accounts. Not audited figures.