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Watts Urethane Products Limited

00543805

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

ALTHORPE HOUSE, HIGH STREET, GLOUCESTERSHIRE, GL15 5DD
Incorporated 26/01/1955

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

22290
Manufacture of other plastic products

Officers

Mr John Campbell Thurston

director · Since 09/09/1992

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 86

Also on 32 other boards

Mr Stewart Charters

director · Since 29/03/2007

DIRECTOR

BRITISH · UNITED KINGDOM · Age 72

Also on 8 other boards

Mr Jonathan Piers Thurston Llb (Dinelm)

director · Since 29/03/2007

MARKETING CONSULTANT

BRITISH · ENGLAND · Age 52

Also on 2 other boards

Persons with Significant Control

Watts Of Lydney Group Limited

75–100% shares
75–100% votes

Althorpe House, High Street, Lydney, GL15 5DD

Notified 30/06/2016

Charges0 outstanding

charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 06/12/2002Registered 16/12/2002Satisfied 17/02/2014
charge
satisfied

ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Created 24/07/2002Registered 02/08/2002Satisfied 17/02/2014

CompanyRankvs 1144+ SIC 22290 peers
70

Financial strength79th percentile among SIC peers · 20/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.85× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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1144Watts Urethane Products Limited
66
How is this score calculated?
Financial strength20/25 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.

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

Key FinancialsYear ending 31/12/2022

Net Worth

£663k

Balance sheet strength

Cash

£6k

Cash in the bank

Net Current Assets

-£293k

Working capital

Current Assets

£1.6M

Current Liabilities

£1.9M

Fixed Assets

£1.4M

Debtors

£1.1M

48avg. employees+2

Tax at Year End(2020)

Corp tax£0

Balance Sheet

Assets less current liabilities£1.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20220.85+£449k
20201.25—

Derived from filed accounts. Not audited figures.