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Waterline Limited

00428931

in administration
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

5TH FLOOR GROVE HOUSE, LONDON, NW1 6BB
Incorporated 03/02/1947

Compliance

Last accounts

31/03/2024

full

Next accounts due

05/01/2026

Overdue

Confirmation statement

Last: 30/03/2025

Due 13/04/2026

Overdue

Industry

46439
46439
46470
Wholesale of furniture, carpets and lighting equipment
46900
Non-specialised wholesale trade

Officers

Adrian Cyril Davidson

director · Since 01/05/2013

British

Barry John Head

director · Since 09/12/2011

British

Michael Leonard Stewart Marriott

director · Since 01/02/2023

British

Karen Elizabeth Sturgess

director · Since 01/08/2006

British

Robert Brian Taylor

director · Since 01/04/2006

British

Former

Kameljit Bath

secretary · Resigned 21/03/2013

Timothy Hutchinson

secretary · Resigned 01/07/2009

Steven John Steel

secretary · Resigned 28/11/2008

Frank Barry Tiller

secretary · Resigned 03/01/2006

Stephen Charles Cole

director · Resigned 06/03/1998

John Paul Haigh

director · Resigned 07/03/2003

Michael John Head

director · Resigned 30/09/2021

Anthony William Hibberd

director · Resigned 15/08/1997

Christopher David Honer

director · Resigned 10/12/2004

Timothy Hutchinson

director · Resigned 01/07/2009

Andrea Lawrence

director · Resigned 22/03/1995

Michael Warwick Lawrence

director · Resigned 11/10/2011

Andrew Mark Lillywhite

director · Resigned 23/07/2010

David Colin Rogers

director · Resigned 18/09/2008

Heather Claire Start

director · Resigned 01/12/2006

Philip Joseph Start

director · Resigned 31/08/2006

Steven John Steel

director · Resigned 28/11/2008

Stephen Charles Szabo

director · Resigned 15/09/2003

Vivian Charles Ellis Thompson

director · Resigned 18/11/2003

Frank Barry Tiller

director · Resigned 03/01/2006

Vadakke Vayante Valappil Zaheer

director · Resigned 01/04/2022

Insolvency History1 case

in administration

Alex David Cadwallader (practitioner) · Dane O'Hara (practitioner)

CompanyRankvs 105+ SIC 46439 peers
70

Financial strength98th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.12× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Insolvency history -10
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How is this score calculated?
Financial strength25/25 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.

Liquidity20/20 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

Insolvency history: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/03/2024

Turnover

£44.3M

Annual revenue

Net Worth

£5.2M

Balance sheet strength

Cash

£2.3M

Cash in the bank

Profit Before Tax

-£2.1M

Bottom line earnings

Net Current Assets

£5.2M

Working capital

Current Assets

£9.8M

Current Liabilities

£4.6M

Debtors

£2.3M

Cost of Sales

£36.0M

Gross Profit

£8.3M

Admin Expenses

£10.4M

Operating Profit

-£2.2M

Profit After Tax

-£2.1M

154avg. employees

People Costs

Wages & salaries£5.3M
NI contributions£496k

Balance Sheet

Assets less current liabilities£5.2M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20242.12

Derived from filed accounts. Not audited figures.