The Firmwatch take
Performance First Limited is a 24-year-old management consulting, active on the Companies House register. The latest filed accounts (year to 31 October 2024) show -GBP 2k in net assets, with 1 distress signal extracted from the filing (negative net assets). No insolvency or strike-off filings appear in our public Companies House and Gazette data.
Refreshed 24 May 2026
Incorporated
21 December 2001
24 years on the register
Sector
Management consultancy activities (other than financial)
SIC 70229
Size
Not classified
Net assets
−£2k
Bottom 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Latest filing
None yet
Insolvency risk
Elevated insolvency risk
The latest public accounts show financial pressure that should be reviewed before relying on the company as a customer, supplier or counterparty.
Negative net assets
Visible liabilities exceed visible assets in the extracted accounts.
Limited working capital
The short-term asset buffer is positive but small.
Money
What the balance sheet says
Net assets
−£2k
Bottom 10% in sector · sector median £2k · 92,418 filers in this sector
Cash
Not disclosed
Working cap.
£3k
Median £7k
Current ratio
1.1×
Median 1.6×
Signals · 2
Negative net assets
The latest filed accounts show liabilities exceeding assets.
Old public accounts
The latest extracted accounts period is more than 18 months old.
Sector benchmark · Management Consulting
How this company compares in 92,418 filers in this sector
Bottom 10% in sector — Performance First Limited shows −£2k in net assets. Sector median is £2k.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
Address pattern · DT1 1RX
467 other UK companies registered at this postcode.
Active
432
Dissolved
5
Strike-off action
30
People
Who runs this company
- PM
PAYNE, Michael Thomas
director · since 2015
Registered office
Address intelligence
467 other companies use this address.
High-volume registered-office service. Many UK companies use these legitimately, but they are also a known hosting location for shell entities. Treat this as a flag, not a verdict.
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.