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Psr1 Limited

15109945

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Negative net worth (-10)
  • 3 outstanding charges (-6)

Details

79 TURNBERRY, CHESTER LE STREET, DH2 1LR
Incorporated 01/09/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68201
Renting and operating of Housing Association real estate

Officers

Mr Palwinder Singh Randhawa

director · Since 01/09/2023

SELF EMPLOYED

BRITISH · ENGLAND · Age 46

Also on 1 other board

Mrs Sukhjinder Randhawa

director · Since 01/09/2023

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 1 other board

Persons with Significant Control

Mr Palwinder Singh Randhawa

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

British · England · Age 46

79, Turnberry, Chester Le Street, DH2 1LR

Notified 01/09/2023

Mrs Sukhjinder Randhawa

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

British · England · Age 42

79, Turnberry, Chester Le Street, DH2 1LR

Notified 01/09/2023

Charges3 outstanding

Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 19/03/2025Registered 19/03/2025
Charge
outstanding

ALDERMORE BANK PLC

Created 21/08/2024Registered 22/08/2024
Charge
outstanding

TYNE BRIDGING FINANCE LIMITED (CRN: 14638487)

Created 12/10/2023Registered 13/10/2023

CompanyRankvs 15769+ SIC 68201 peers
15

Financial strength8th percentile among SIC peers · 2/25
Employees20th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength2/25 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.

Longevity3/15 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 30/09/2025

Net Worth

-£23k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£120k

Working capital

Current Assets

£5k

Current Liabilities

£124k

Fixed Assets

£299k

Debtors

£27

0avg. employees

Balance Sheet

Bank loans & overdrafts£202k
Assets less current liabilities£180k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.04-£10k

Derived from filed accounts. Not audited figures.