Company Overview
Precision Service Group Ltd is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Thursday 16 November 2017, so this is a well established company. Precision Service Group Ltd has been in business for 8 years and 4 months. The accounts status is total exemption full and the accounts are next due on Sunday 31 July 2022.
Registered Address

63A Union Street, Bridgtown, Cannock, Staffordshire, WS11 0BS
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Companies House Data
Company NamePRECISION SERVICE GROUP LTD
Company Number11067760
Registered Office Address63a Union Street
 Bridgtown
 WS11 0BS
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date16/11/2017
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2022
Accounts Last Made Up Date31/10/2020
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date14/12/2018
Directors & Members
Jonathan Confaloni - Director
(British, 40 years old, born May 1986)
Appointed 16 November 2017
 Active
Stephen White - Director
(English, 59 years old, born November 1967)
Appointed 16 November 2017
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Jonathan Confaloni
No companies found
Stephen White
BE SAFE STORE LTD
UNIQUE FIRE PROTECTION LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Balance Sheet
Fixed Assets 9,104 4,183 401
Current Assets 182,425 95,199 2,285
Creditors Due Within One Year 142,053 97,697 20,830
Working Cap 40,372 -2,498 -18,545
Total Assets Less Current Liabilities 49,476 1,685 -18,144
Long-term Liabilities 49,376 1,585 18,244
Net Assets 100 100 100
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 100 100 100
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Tangible Fixed Assets - - -
Fixed Assets 4.8% 4.2% 14.9%
Stocks Inventory - - -
Debtors 73.3% 84.4% 78.7%
Cash Bank In Hand 8.0% 3.3% 6.3%
Current Assets 95.2% 95.8% 85.1%
Creditors Due Within One Year 74.2% 98.3% 775.5%
Net Current Assets Liabilities 21.1% -2.5% -690.4%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 0.1% 0.1% 3.7%
Capital Employed - - -
Total Assets Less Current Liabilities 25.8% 1.7% -675.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Liquidity Ratio 1.3 1.0 0.1
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Assets 191,529 99,382 2,686
Debt 191,429 99,282 2,586
Net Assets/Debt 100 100 100
The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around WS11 0BS
No other companies found in the same location
Document Filings
Order of court to wind up
Confirmation statement made on 15 November 2021 with updates
Change of details for Mr Stephen Paul White as a person with significant control on 15 November 2020
Confirmation statement made on 15 November 2020 with updates
Change of details for Mr Jonathan Luke Confaloni as a person with significant control on 15 November 2020
Change of details for Mr Stephen Paul White as a person with significant control on 15 November 2020
Director's details changed for Mr Stephen Paul White on 15 November 2020
Registered office address changed from Euro House Birch Lane Aldridge Walsall WS9 0NF England to 63a Union Street Bridgtown Cannock Staffordshire WS11 0BS on 23 July 2020
Confirmation statement made on 15 November 2019 with updates
Previous accounting period shortened from 30 November 2018 to 31 October 2018
Confirmation statement made on 15 November 2018 with updates
Registered office address changed from Potential Place 415 Cotmanhay Road Ilkeston Derbyshire DE7 8HU United Kingdom to Euro House Birch Lane Aldridge Walsall WS9 0NF on 6 December 2017
Incorporation
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