UK Companies House feature
PROVENTEQ LIMITED
Cash
£3M
+41% vs 2023
Net assets
£4M
+3.5% vs 2023
Employees
32
+6.7% vs 2023
Profit before tax
—
Period ending 2024-08-31
Profile
- Company number
- 06358081
- Status
- Active
- Incorporation
- 2007-08-31
- Last accounts made up
- 2024-08-31
- Account category
- GROUP
- Primary SIC
- 62012
Net assets
6-year trend · vs UK AI & Enterprise SaaS median
Accounts
6-year trend · latest 2024-08-31
| Metric | Trend | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-09-01 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | — | |
| Net profit | — | — | — | — | £478,567 | £649,150 | |
| Cash | £12,959 | £175,096 | £467,594 | — | £2,459,181 | £3,467,580 | |
| Total assets less current liabilities | £532,857 | £885,948 | £1,461,575 | — | £3,772,046 | £3,721,480 | |
| Net assets | £386,832 | £595,798 | £1,029,960 | — | £3,591,811 | £3,715,961 | |
| Equity | — | — | — | £3,263,244 | £3,591,811 | £3,715,961 | |
| Average employees | 11 | 11 | 13 | — | 30 | 32 | |
| Wages | — | — | — | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- 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.”
Subsidiaries
- Proventeq Inc · 100% held · USA · to provide products and services for enabling AI-powered Information Management and Digital Transformation for customers worldwide.
- Proventeq India Private Limited · 99.99% held · India · to provide products and services for enabling AI-powered Information Management and Digital Transformation for customers worldwide.
- Proventeq MEA FZ-LLC · 100% held · UAE · to provide products and services for enabling AI-powered Information Management and Digital Transformation for customers worldwide.
Significant events
- “On 28 October 2024, the ordinary share capital of Proventeq Limited was acquired by Project Proago Limited.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. 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
| 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 |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
34
COLD
/ 100
- Filings velocity 50
- Capital events 20
- Officer churn 0
- Headcount trajectory 57
- Accounts trajectory 54
- 6 filing(s) in last 12 months
- 1 capital event(s) in last 24 months
- Employees +7% YoY
- Net Assets +3% YoY