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Ideal & W R S Company Ltd

00412669

active
Private Limited Company
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

THE OLD SCHOOL, WALSALL, WS2 8PZ
Incorporated 13/06/1946

Compliance

Last accounts

31/08/2025

unaudited abridged

Next accounts due

31/05/2027

On track

Confirmation statement

Last: 31/01/2026

Due 14/02/2027

On track

Industry

15110
Tanning and dressing of leather; dressing and dyeing of fur

Officers

Mr Stephen Marks

secretary · Since 22/12/2006

MASTER SADDLER

BRITISH · ENGLAND · Age 84

Also on 4 other boards

Mr Robert Michael Lugsdin

director · Since 22/12/2006

MASTER SADDLER

BRITISH · ENGLAND · Age 58

Also on 2 other boards

Mr Shaun Marsland

director · Since 19/07/2010

SADDLEMAKER

BRITISH · ENGLAND · Age 59

Also on 5 other boards

Mr James Cliff Hitchen

director · Since 01/08/2019

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 3 other boards

Persons with Significant Control

1964 Rsj Limited

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

The Old School, Hollyhedge Lane, Walsall, WS2 8PZ

Reg: 15511835 · England And Wales · Uk

Notified 07/03/2024

Former PSCs

Mr Robert Michael Lugsdin

Ceased 07/03/2024

Mr Stephen Marks

Ceased 07/03/2024

Charges3 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEES LIMITED

Created 01/10/2024Registered 14/10/2024
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 06/09/2024Registered 12/09/2024
Charge
outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 27/07/2018Registered 01/08/2018
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 22/12/2006Registered 23/12/2006Satisfied 27/02/2024

CompanyRankvs 14+ SIC 15110 peers
73

Financial strength86th percentile among SIC peers · 22/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.83× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1Holmes Halls (Processors) Limited
89
2Thomas Ware & Sons Limited
88
3J.& F.J.Baker & Company Limited
88
4Bevan Harris Limited
87
5Central Hide & Skin Company Limited
86
6Devonia Sheepskins & Tannery Limited
86
7Chew Valley Hide & Skin Company Limited
85
8Blenkinsop Leathers Limited
85
9Tusting & Burnett (1938) Limited
84
10Hanson-Tower Limited
84
14Ideal & W R S Company Ltd
79
How is this score calculated?
Financial strength22/25 pts

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

Employees15/15 pts

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

Liquidity16/20 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 31/08/2025

Net Worth

£970k

Balance sheet strength

Cash

£515k

Cash in the bank

Net Current Assets

£665k

Working capital

Current Assets

£1.5M

Current Liabilities

£802k

Fixed Assets

£371k

Debtors

£546k

51avg. employees-3

Balance Sheet

Assets less current liabilities£1.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.83+£46k
20242.00-£289k
20232.64—

Derived from filed accounts. Not audited figures.