# PROPEL IT SERVICES LTD (11003592)

> PROPEL IT SERVICES LTD is an active private limited company (company number 11003592) incorporated on 9 October 2017, registered in London. Its registered activity is information technology consultancy activities (SIC 62020). Latest small accounts cover the period ending 31 October 2025, showing net assets of £250 and cash of £36, with 0 employees on average. Net assets fell 71% on the prior period (£871).

- Status: Active
- Incorporated: 2017-10-09
- Registered office: London, SE6 4LP
- SIC 62020: Information technology consultancy activities
- Next accounts due: 2027-07-31
- Confirmation statement due: 2027-10-23
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the lower half of 19,391 comparable companies in London (median £3,248, upper quartile £35k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-10-31 | £250 | £36 | — | £4,940 | — | — | 0 |
| 2024-10-31 | £871 | £808 | — | £5,091 | — | — | 1 |

current ratio 0.01; size band micro.

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

- Net assets above zero: Net assets £250 at 31 October 2025
- Net assets down 25% or more on the prior period: -71.3% vs prior period
- Current assets below creditors within one year: Current ratio 0.01
- Incorporated five or more years ago: Incorporated 9 October 2017

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

## Persons with significant control

- Mr Wayne Fabian Johnson — owns 75–100% of shares, since 2020-08-28

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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/11003592
HTML: https://firmoscan.com/company/11003592-propel-it-services-ltd