PRACTICAL CONCEPTS LIMITED
Company number 05511226 · Active · Romford RM3 8PW
PRACTICAL CONCEPTS LIMITED is an active private limited company (company number 05511226) incorporated on 18 July 2005, registered in Romford. Its registered activity is development of building projects (SIC 41100). Latest micro accounts cover the period ending 31 March 2026, showing net assets of £3,114, with 2 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets rose 42% on the prior period (£2,190). Across the last 3 periods on record the net-asset trend is rising.
By net assets it sits in the upper half of 8,882 comparable companies in Greater London (median £585, upper quartile £46k).
Key dates
- Incorporated
- 18 July 2005
- Next accounts due
- 31 December 2027 — in 435 days
- Confirmation statement due
- 1 August 2027 — in 283 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
Activity
- SIC 41100
- Development of building projects
- SIC 42110
- Construction of roads and motorways
- SIC 42990
- Construction of other civil engineering projects n.e.c.
- Accounts type
- Micro Entity
- Size band
- Micro (Companies Act thresholds)
Financials — 3 periods on record, latest ending 31 March 2026
| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 March 2026 | £3,114 | — | — | £13k | — | — | 2 |
| 31 March 2025 | £2,190 | — | — | £3,407 | — | — | 2 |
| 31 March 2024 | £1,663 | — | — | £4,347 | — | — | 2 |
- Current ratio
- 0.72 — current liabilities exceed current assets
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing; micro-entity accounts contain no profit and loss account.
Firmoscan score: 73/100 (grade B)
- +10 Positive net assets — Net assets £3,114 at 2026-03-31
- +8 Net assets growing — +42.2% vs prior period
- -8 Current liabilities exceed current assets — Current ratio 0.72
- +5 Multi-year filing history — 3 periods on record
- +8 Established — Incorporated 2005-07-18 (21 years)
A transparent, rules-based score from filed data only: every point lists its evidence. It is not a credit rating or advice.
Ownership and control
- Mr Oluseyi Olubukola Agunbiade — owns 75–100% of shares · since 6 April 2016
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
Similar companies in Greater London
Same activity (development of building projects), closest in incorporation date.
- WATES HOMES (WALLINGFORD) LIMITED — Leatherhead, inc. Jul 2005
- GRAVESEND CONSTRUCTION LTD — , inc. Jul 2005
- WATES HOMES (CHICHESTER) LIMITED — Leatherhead, inc. Jul 2005
- WATES HOMES (OAKLEY) LIMITED — Leatherhead, inc. Jul 2005
- WATES HOMES LIMITED — Leatherhead, inc. Jul 2005
- WATES HOMES (WARSASH) LIMITED — Leatherhead, inc. Jul 2005
All companies incorporated on 18 July 2005 · in Jul 2005.
Reminders for PRACTICAL CONCEPTS LIMITED
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.