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Firwood Paints Limited

00207861

active
Private Limited Company
england wales
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

2E EAGLE ROAD, REDDITCH, B98 9HF
Incorporated 13/08/1925

Compliance

Last accounts

31/03/2025

audit exemption subsidiary

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 08/04/2026

Due 22/04/2027

On track

Industry

20301
Manufacture of paints, varnishes and similar coatings, mastics and sealants

Officers

Higgs Secretarial Limited

secretary · Since 06/11/2023

Also on 110 other boards

Mr Nigel Ernest Smith

director · Since 31/01/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 9 other boards

Mr Thomas Philip Westwood

director · Since 31/01/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 32

Also on 7 other boards

Steve Earles

director · Since 24/04/2026

BRITISH · ENGLAND · Age 56

Also on 7 other boards

Persons with Significant Control

Trimite Global Coatings Group Limited

75–100% shares
75–100% votes
Appoint directors

Unit 3 Silverdale Industrial Estate, Silverdale Road, Hayes, UB3 3BL

Reg: 10653502 · England & Wales · Private Company Limited By Shares

Notified 06/03/2018

Former PSCs

Mr Martin Robert Wallen

Ceased 06/03/2018

Charges3 outstanding

Charge
outstanding

SHAWBROOK BANK LIMITED

Created 15/06/2021Registered 17/06/2021
Charge
satisfied

HSBC BANK PLC

Created 29/06/2018Registered 09/07/2018Satisfied 24/11/2023
Charge
outstanding

HSBC BANK PLC

Created 06/03/2018Registered 13/03/2018
Charge
satisfied

HSBC BANK PLC

Created 06/03/2018Registered 13/03/2018Satisfied 24/11/2023
Charge
satisfied

HSBC INVOICE FINANCE (UK) LTD

Created 09/03/2018Registered 09/03/2018Satisfied 24/11/2023
Charge
satisfied

HSBC INVOICE FINANCE (UK) LTD

Created 09/03/2018Registered 09/03/2018Satisfied 24/11/2023
Charge
outstanding

DUKE ROYALTY UK LIMITED

Created 06/03/2018Registered 09/03/2018

CompanyRankvs 78+ SIC 20301 peers
57

Financial strength83th percentile among SIC peers · 21/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.14× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength21/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

Report of the Auditors was unqualified, and signed on 29 April 2024 by George Style , Senior Statutory Auditor, for and on behalf of Cooper Parry Group Limited. Material Uncertainty in relation to going concern We draw attention to note 2 'Going concern' in the Financial Statements and to the Consolidated Financial Statements of Trimite Top Co Limited, of which Firwood Paints Limited forms a pa

Key FinancialsYear ending 31/03/2023

Net Worth

£848k

Balance sheet strength

Cash

£66k

Cash in the bank

Net Current Assets

£503k

Working capital

Current Assets

£4.0M

Current Liabilities

£3.5M

Fixed Assets

£570k

Debtors

£3.3M

23avg. employees-5

Balance Sheet

Assets less current liabilities£1.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20231.14-£292k
20221.12
20211.06
20201.06

Derived from filed accounts. Not audited figures.