PROVENTEQ LIMITED
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-08-31
Confirmation statement due
2027-02-08 (in 9mo)
Last made up 2026-01-25
Watchouts
Cash
£4M
+40% highest in 5 filed years
Net assets
£5M
+6.3% highest in 5 filed years
Employees
75
-1.3% vs 2023
Profit before tax
£1M
-5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 2024-08-31
| Metric | Trend | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-09-01 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £8,124,198 | £10,075,220 | |
| Operating profit | — | — | — | — | £1,166,193 | £1,011,545 | |
| Profit before tax | — | — | — | — | £1,154,856 | £1,097,319 | |
| Net profit | — | — | — | — | £1,057,603 | £838,948 | |
| Cash | £12,959 | £175,096 | £467,594 | — | £3,037,304 | £4,251,395 | |
| Total assets less current liabilities | £532,857 | £885,948 | £1,461,575 | — | £4,485,074 | £4,634,951 | |
| Net assets | £386,832 | £595,798 | £1,029,960 | — | £4,304,839 | £4,574,324 | |
| Equity | — | — | — | £3,263,244 | £4,304,839 | £4,574,324 | |
| Average employees | 11 | 11 | 13 | — | 76 | 75 | |
| Wages | — | — | — | — | £2,108,615 | £2,308,825 | |
| Directors' remuneration | — | — | — | — | £78,539 | £39,481 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-08-31 vs 2023-08-31
-
Turnover
+24%
£8,124,198 £10,075,220
-
Cash
+40%
£3,037,304 £4,251,395
highest in 5 filed years
-
Net assets
+6.3%
£4,304,839 £4,574,324
highest in 5 filed years
-
Employees
-1.3%
76 75
-
Operating profit
-13.3%
£1,166,193 £1,011,545
-
Profit before tax
-5%
£1,154,856 £1,097,319
-
Wages
+9.5%
£2,108,615 £2,308,825
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-09-01 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 14.4% | 10.0% | |
| Net margin | — | — | — | — | 13.0% | 8.3% | |
| Return on capital employed | — | — | — | — | 26.0% | 21.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | 30.7% | 42.9% | |
| Current ratio | 2.40x | 2.54x | 2.79x | — | 3.58x | 2.36x | |
| Interest cover | — | — | — | — | 62.21x | 78.92x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- PROVENTEQ LIMITED · parent
- Proventeq Inc 100%
- Proventeq India Private Limited 99.99%
- Proventeq MEA FZ-LLC 100%
Significant events
- “On 28 October 2024, the ordinary share capital of Proventeq Limited was acquired by Project Proago Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHENCHERY, Rakesh | Director | 2008-02-14 | Feb 1974 | British |
| HERBERT, Balu | Director | 2008-01-12 | May 1973 | British |
| MAHAJAN, Nitin | Director | 2007-08-31 | Dec 1973 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MAHAJAN, Priety | Secretary | 2007-08-31 | 2009-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Proventeq Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-28 | Active |
| Mr Balu Herbert | Individual | Shares 25–50% | 2016-04-06 | Ceased 2024-10-28 |
| Mr Nitin Mahajan | Individual | Shares 25–50% | 2016-04-06 | Ceased 2024-10-28 |
| Mr Rakesh Chenchery | Individual | Shares 25–50% | 2016-04-06 | Ceased 2024-10-28 |
Filing timeline
Last 20 of 84 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-09 MA Memorandum articles
- 2024-11-09 RESOLUTIONS Resolution
- 2024-10-25 RESOLUTIONS Resolution
- 2024-10-25 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-06 | AD03 | address | Move registers to sail company with new address | |
| 2026-02-05 | AD02 | address | Change sail address company with new address | |
| 2026-02-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-29 | AA | accounts | Accounts with accounts type group | |
| 2025-03-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-09 | MA | incorporation | Memorandum articles | |
| 2024-11-09 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-06 | SH08 | capital | Capital name of class of shares | |
| 2024-11-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-25 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-25 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-28 | AA | accounts | Accounts with accounts type small | |
| 2024-01-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-07 | RP04AR01 | annual-return | Second filing of annual return with made up date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.