Company Overview
The Practice Loan Company Plc is listed at the official companies registry as Active Public Limited Company. The company was incorporated on Monday 10 May 1999, so this is a well established company. The Practice Loan Company Plc has been in business for 26 years and 10 months. The accounts status is full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

No 5 The Mews, Trent Business Centre Trent Park, Eastern Avenue, Lichfield, Staffordshire, WS13 6RR
Credit Reports Available

These credit rating reports are available now:


Credit Analysts Report
Get Report >>

Standard Credit Report
Get Report >>

Basic Credit Report
Get Report >>

24/7 credit rating data feed - no UK company credit reports are updated faster

Companies House Data
Company NameTHE PRACTICE LOAN COMPANY PLC
Company Number03767146
Registered Office AddressNo 5 The Mews, Trent Business Centre Trent Park
 Eastern Avenue
 WS13 6RR
Company CategoryPublic Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date10/05/1999
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/03/2025
Accounts Account CategoryFULL
Returns Next Due Date07/06/2017
Returns Last Made Up Date10/05/2016
Directors & Members
Show Resigned
Christopher Carmichael - Director
(British, 62 years old, born June 1964)
Appointed 27 September 2012
 Active
Kevin McNally - Director
(British, 50 years old, born September 1976)
Appointed 25 September 2024
 Active
Secretaries
Show Resigned
Heidi Carmichael - Secretary
(British)
Appointed 23 September 2011
 Active
Other Company Directorships
Christopher Carmichael
CK SCOTLAND LIMITED
H M WEST LIMITED
HASKELL WOOLFE LIMITED
MEDIFINANCE LIMITED
PFC FINANCE LIMITED
PRACTICE MORTGAGES (COMMERCIAL & RESIDENTIAL) LIMITED
PRACTICEFINANCECOMPANY LIMITED
PROFESSIONS PRACTICE FINANCE LIMITED
SUN FINANCE & LEASING LTD
THE PERSONAL LOAN COMPANY LTD
Kevin McNally
CK SCOTLAND LIMITED
CKCM HOLDINGS LIMITED
KM FINANCIAL SERVICES LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2023 31-Mar-2022
Balance Sheet
Fixed Assets 43,530 43,530 53,166
Current Assets 140,767 140,767 116,600
Creditors Due Within One Year 35,815 35,815 30,356
Working Cap 104,952 104,952 86,244
Total Assets Less Current Liabilities 148,482 148,482 139,410
Long-term Liabilities 98,382 98,382 89,310
Net Assets 50,100 50,100 50,100
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 50,100 50,100 50,100
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2023 31-Mar-2022
Tangible Fixed Assets - - -
Fixed Assets 23.6% 23.6% 31.3%
Stocks Inventory - - -
Debtors 13.9% 13.9% 62.8%
Cash Bank In Hand 62.5% 62.5% 5.9%
Current Assets 76.4% 76.4% 68.7%
Creditors Due Within One Year 19.4% 19.4% 17.9%
Net Current Assets Liabilities 56.9% 56.9% 50.8%
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 27.2% 27.2% 29.5%
Capital Employed - - -
Total Assets Less Current Liabilities 80.6% 80.6% 82.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2023 31-Mar-2022
Liquidity Ratio 3.9 3.9 3.8
Solvency Ratio 1.4 1.4 1.4
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-Mar-2025 31-Mar-2023 31-Mar-2022
Assets 184,297 184,297 169,766
Debt 134,197 134,197 119,666
Net Assets/Debt 50,100 50,100 50,100

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.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

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.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.   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.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

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
Other Business around WS13 6RR
THE BUSINESS LOAN COMPANY LIMITED
NO 5 THE MEWS, TRENT BUSINESS CENTRE TRENT PARK, EASTERN AVENUE, LICHFIELD, STAFFORDSHIRE, WS13 6RR
H M WEST LIMITED
NO 5 THE MEWS, TRENT BUSINESS CENTRE TRENT PARK, EASTERN AVENUE, LICHFIELD, STAFFORDSHIRE, WS13 6RR
PROFESSIONS PRACTICE FINANCE LIMITED
NO 5 THE MEWS, TRENT BUSINESS CENTRE TRENT PARK, EASTERN AVENUE, LICHFIELD, STAFFORDSHIRE, WS13 6RR
TBC GROUP LIMITED
Office 6 Trent Business Centre, Eastern Avenue, Lichfield, WS13 6RR
THE PERSONAL LOAN COMPANY LTD
NO 5 THE MEWS, TRENT BUSINESS CENTRE TRENT PARK, EASTERN AVENUE, LICHFIELD, STAFFORDSHIRE, WS13 6RR
ROCKET TOWN LTD.
146 Walsall Road, Lichfield, WS13 6RR
Document Filings
Registered office address changed from No 5 the Mews, Trent Business Centre Trent Park Eastern Avenue Lichfield Staffordshire WS13 6RR England to No 5 the Mews Trent Business Centre, Trent Park Eastern Avenue Lichfield Staffordshire WS13 6RN on 27 March 2026
Confirmation statement made on 3 October 2025 with no updates
Confirmation statement made on 10 October 2024 with updates
Appointment of Mr Kevin Francis Mcnally as a director on 25 September 2024
Termination of appointment of Paul Christopher Ward as a director on 25 September 2024
Confirmation statement made on 10 May 2024 with no updates
Confirmation statement made on 10 May 2023 with no updates
Confirmation statement made on 10 May 2022 with no updates
Confirmation statement made on 10 May 2021 with no updates
Confirmation statement made on 10 May 2020 with no updates
Confirmation statement made on 10 May 2019 with updates
Termination of appointment of Alun Hywel Gwyn Rogers as a director on 30 November 2018
Termination of appointment of Heidi Melissa Carmichael as a director on 30 June 2018
Confirmation statement made on 10 May 2018 with no updates
Registered office address changed from The Old Bank Chambers 27 Lincoln Croft Shenstone Lichfield Staffordshire WS14 0nd to No 5 the Mews, Trent Business Centre Trent Park Eastern Avenue Lichfield Staffordshire WS13 6RR on 21 June 2017
Confirmation statement made on 10 May 2017 with updates
Terms and Conditions Cancellations Contact Us

In using this service you agree to the Terms and Conditions

© 2026 Check Free