Company Overview
Exchange Financial Services Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 15 April 1988, so this is a well established company. Exchange Financial Services Limited has been in business for 37 years and 11 months. The accounts status is micro entity and the accounts are next due on Saturday 28 February 2026.
Registered Address

Myersons Chartered Accountants, 32 Derby Street, Ormskirk, Lancashire, L39 2BY
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Companies House Data
Company NameEXCHANGE FINANCIAL SERVICES LIMITED
Company Number02244411
Registered Office AddressMyersons Chartered Accountants
 32 Derby Street
 L39 2BY
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date15/04/1988
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date28/02/2027
Accounts Last Made Up Date31/05/2025
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date08/01/2017
Returns Last Made Up Date11/12/2015
Directors & Members
Show Resigned
Peter Gradwell - Director
(British, 71 years old, born October 1955)
Appointed 31 March 2003
 Active
Secretaries
Show Resigned
Lorraine Gradwell - Secretary
(British)
Appointed 01 June 2006
 Active
Other Company Directorships
Peter Gradwell
ALBANWISE INSURANCE SERVICES LIMITED
EXCHANGE INSURANCE SERVICES LIMITED
PG CONTINGENCY LIMITED
Balance Sheet Unlock full report
Accounts Date 31-May-2025 31-May-2022 31-May-2021
Balance Sheet
Fixed Assets 746,045 746,045 759,592
Current Assets 211,480 211,480 339,980
Creditors Due Within One Year 879,299 879,299 884,536
Working Cap -667,819 -667,819 -544,556
Total Assets Less Current Liabilities 78,226 78,226 215,036
Long-term Liabilities 0 0 0
Net Assets 78,226 78,226 215,036
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 78,226 78,226 215,036
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2025 31-May-2022 31-May-2021
Tangible Fixed Assets - - -
Fixed Assets 77.9% 77.9% 69.1%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 22.1% 22.1% 30.9%
Creditors Due Within One Year 91.8% 91.8% 80.4%
Net Current Assets Liabilities -69.7% -69.7% -49.5%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 8.2% 8.2% 19.6%
Capital Employed - - -
Total Assets Less Current Liabilities 8.2% 8.2% 19.6%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2025 31-May-2022 31-May-2021
Liquidity Ratio 0.2 0.2 0.4
Solvency Ratio 1.1 1.1 1.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2025 31-May-2022 31-May-2021
Assets 957,525 957,525 1,099,572
Debt 879,299 879,299 884,536
Net Assets/Debt 78,226 78,226 215,036

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Confirmation statement made on 3 October 2025 with no updates
Amended micro company accounts made up to 31 May 2023
Confirmation statement made on 28 October 2024 with no updates
Confirmation statement made on 13 November 2023 with no updates
Confirmation statement made on 12 December 2022 with no updates
Confirmation statement made on 18 January 2022 with no updates
Confirmation statement made on 4 February 2021 with updates
Notification of Lorraine Joan Gradwell as a person with significant control on 19 February 2020
Change of details for Mr Peter Gerrard Gradwell as a person with significant control on 19 February 2020
Confirmation statement made on 19 February 2020 with updates
Statement of capital following an allotment of shares on 19 February 2020
Confirmation statement made on 21 October 2019 with updates
Confirmation statement made on 1 November 2018 with updates
Confirmation statement made on 28 November 2017 with updates
Confirmation statement made on 14 December 2016 with updates
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