Project Penny Limited
15189949
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 13/12/2023
INVESTMENT MANAGER
BRITISH · ENGLAND · Age 37
Also on 1 other board
director · Since 13/12/2023
DIRECTOR
BRITISH · UNITED KINGDOM · Age 65
Also on 4 other boards
director · Since 13/12/2023
DIRECTOR
BRITISH · ENGLAND · Age 59
Also on 6 other boards
director · Since 11/03/2025
DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 2 other boards
director · Since 01/11/2025
CHARTERED ACCOUNTANT
BRITISH · ENGLAND · Age 51
Also on 6 other boards
Persons with Significant Control
Ldc Gp Llp
50, Lothian Road, Edinburgh, EH3 9WJ
Reg: So303717 · Registrar Of Companies For Scotland · Private Limited Company
Notified 13/12/2023
Former PSCs
Mr Duncan John Strike
Ceased 13/12/2023
Charges2 outstanding
LDC (MANAGERS) LIMITED AS SECURITY TRUSTEE
GLAS TRUST CORPORATION LIMITED AS SECURITY TRUSTEE FOR THE SECURED PARTIES.
CompanyRankvs 68200+ SIC 61900 peers13
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 30/11/2024
Net Worth
-£8.5M
Balance sheet strength
Cash
£1.8M
Cash in the bank
Net Current Assets
-£14.3M
Working capital
Current Assets
£4.2M
Current Liabilities
£18.4M
Fixed Assets
£354k
Debtors
£3.9M
Cost of Sales
£4.5M
Admin Expenses
£11.0M
Profit After Tax
-£8.9M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.23 |
Derived from filed accounts. Not audited figures.