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Walsall Leather Co.Limited

00265299

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

1, TOWNEND STREET,, WEST MIDLANDS,, WS2 8LP
Incorporated 11/05/1932

Compliance

Last accounts

28/02/2025

total exemption full

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 04/10/2025

Due 18/10/2026

On track

Industry

47190
Other retail sale in non-specialised stores

Officers

Mr David Runciman Stephens

director · Since 04/10/1991

COMPANY DIRECTOR/PRINTER

BRITISH · UNITED KINGDOM · Age 61

Mr John Runciman Stephens

director · Since 04/10/1991

COMPANY DIRECTOR/MANAGER

BRITISH · UNITED KINGDOM · Age 89

Persons with Significant Control

Mr John Runciman Stephens

50–75% shares
50–75% votes
Appoint directors

British · United Kingdom · Age 89

57 Broadway, Walsall, WS1 3EZ

Notified 06/04/2016

Mr David Runciman Stephens

25–50% shares
25–50% votes

British · United Kingdom · Age 61

7 Rischale Way, Rushall, Walsall, WS4 1EZ

Notified 06/04/2016

Former PSCs

Mrs Marilyn Stephens

Ceased 07/02/2024

Charges1 outstanding

charge
outstanding

MIDLAND BANK PLC

Created 22/04/1985Registered 24/04/1985

CompanyRankvs 3214+ SIC 47190 peers
64

Financial strength94th percentile among SIC peers · 24/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.92× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 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.

Liquidity6/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 28/02/2025

Net Worth

£244k

Balance sheet strength

Cash

£95

Cash in the bank

Net Current Assets

-£12k

Working capital

Current Assets

£144k

Current Liabilities

£156k

Fixed Assets

£257k

Debtors

£63k

7avg. employees-4

Balance Sheet

Bank loans & overdrafts£7k
Assets less current liabilities£245k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.92+£4k
20240.93+£15k
20230.87-£20k
20221.09-£16k
20211.11+£5k
20201.02+£7k
20191.08+£8k
20171.11

Derived from filed accounts. Not audited figures.