# PRAISE CHAPEL (02909145)

> PRAISE CHAPEL is an active private limited company (company number 02909145) incorporated on 16 March 1994, registered in London. Its registered activity is activities of religious organisations (SIC 94910). Latest small accounts cover the period ending 31 March 2025, showing net assets of £324k and cash of £226k, with 4 employees on average. Net assets rose 25% on the prior period (£260k).

- Status: Active
- Incorporated: 1994-03-16
- Registered office: London, SE8 3EY
- SIC 94910: Activities of religious organisations
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-03-30
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 672 comparable companies in London (median £3,598, upper quartile £34k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | £324k | £226k | £108k | £32k | — | — | 4 |
| 2024-03-31 | £260k | £229k | £106k | £96k | — | — | — |

current ratio 10.31; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £323,634 at 31 March 2025
- Net assets up 10% or more on the prior period: +24.6% vs prior period
- Current assets at least 1.5× creditors within one year: Current ratio 10.31
- Cash at bank of £50,000 or more: Cash £226,450
- Incorporated five or more years ago: Incorporated 16 March 1994

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Kofi Konadu Banful — can appoint or remove directors; has significant influence or control, since 2017-03-16
- Mrs Jayne Frances Banful — holds 25–50% of voting rights; can appoint or remove directors; has significant influence or control, since 2018-03-01

---
Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/02909145
HTML: https://firmoscan.com/company/02909145-praise-chapel