EXACT PROJECTS LIMITED
Company number 06957533 · Monitor this company
Executive summary
Exact Projects Limited represents a textbook case of SME failure within the UK business support services sector, transitioning from a healthy niche operator (£175,208 net assets in 2017) to deeply insolvent (-£178,269 by 2020) over just three years. The company's trajectory significantly underperformed sector norms, with a current ratio of 0.47x, accumulated losses exceeding £200,000, and mounting creditor arrears indicating fundamental business model failure rather than merely cyclical headwinds. The engagement of corporate recovery specialists and subsequent dissolution confirms this was an unsustainable enterprise that exhausted all capital reserves and creditor patience — a cautionary example of how quickly asset-light professional services firms can collapse when project pipelines dry up and working capital management fails.
Shareholders' funds
-£200,491
Balance sheet as at 2020-07-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2009-07-09
- Dissolved
- 2026-07-23
- Registered office
- C/O Xeinadin Corporate Recovery, 100 Barbirolli Square, Manchester, M2 3BD
- Postcode
- M2 3BD
- Capital
- 15 GBP
- Accounts category
- Total Exemption Full
Accounts
- Last made up to
- 2020-07-31
- Financial year end
- 31 July
Confirmation statement
- Last statement dated
- 2021-10-14
Nature of business (SIC)
- 82990 Other business support service activities not elsewhere classified
Officers 2 current · 7 resigned
Contact details
- Website
- exactprojects.co.uk
Previous company names
| Name | Date changed |
|---|---|
| EXACTER UK LIMITED | 2013-06-27 |
Previous registered addresses 1
| Address | Changed on |
|---|---|
| FIFTH FLOOR, FREE TRADE EXCHANGE 37 PETER STREET, MANCHESTER, GREATER MANCHESTER, M2 5GB | 2015-05-08 |
The class of 2009
16%
of the 30,972 companies in this sector incorporated in 2009 are still active today; 83% have since been dissolved.
A fact about the year, not a forecast for this company.