Back to search

Practical Ai Limited

15858510

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

ST ANDREWS HOUSE, 11 DALTON COURT,, DARWEN, BB3 0DG
Incorporated 25/07/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
72190
Other research and experimental development on natural sciences and engineering

Officers

Mr Paul Anthony Addy

director · Since 25/07/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 8 other boards

Persons with Significant Control

Mr Paul Anthony Addy

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

British · United Kingdom · Age 63

St Andrews House, 11 Dalton Court,, Commercial Road, Darwen, BB3 0DG

Notified 25/07/2024

CompanyRankvs 473100+ SIC 62012 peers
27

Financial strength19th percentile among SIC peers · 5/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.41× · 2/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
How is this score calculated?
Financial strength5/25 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.

Longevity2/15 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 31/07/2025

Net Worth

-£144

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£144

Working capital

Current Assets

£100

Current Liabilities

£244

0avg. employees

Balance Sheet

Assets less current liabilities-£144
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.41

Derived from filed accounts. Not audited figures.