# PROPEL SYSTEMS LIMITED (03155072)

> PROPEL SYSTEMS LIMITED is an active private limited company (company number 03155072) incorporated on 5 February 1996, registered in Hadlow Down. Its registered activity is business and domestic software development (SIC 62012). Latest micro accounts cover the period ending 31 December 2025, showing net assets of £111k, with 1 employee on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 7% on the prior period (£119k). Across the last 3 periods on record the net-asset trend is falling.

- Status: Active
- Incorporated: 1996-02-05
- Registered office: Hadlow Down, TN22 4EA
- SIC 62012: Business and domestic software development
- Next accounts due: 2027-09-30
- Confirmation statement due: 2027-02-19
- Accounts type: MICRO ENTITY

By net assets it sits in the top quarter of 953 comparable companies in Kent (median £1,979, upper quartile £32k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-12-31 | £111k | — | — | £6,059 | — | — | 1 |
| 2024-12-31 | £119k | — | — | £11k | — | — | 2 |
| 2023-12-31 | £120k | — | — | £34k | — | — | 2 |

current ratio 19.22; net assets trend falling; size band micro.

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

- Net assets above zero: Net assets £110,714 at 31 December 2025
- Current assets at least 1.5× creditors within one year: Current ratio 19.22
- Three or more accounting periods on record: 3 periods on record
- Incorporated five or more years ago: Incorporated 5 February 1996

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

## Persons with significant control

- Mr Gwyn William Carwardine — owns 25–50% of shares, since 2016-04-06
- Miss Gillian Terry — owns 25–50% of shares, since 2016-04-06

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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/03155072
HTML: https://firmoscan.com/company/03155072-propel-systems-limited