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Whitfire Shavings And Sawdust Supplies Limited

00638042

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

HEATHERFIELD WORKS, FARINGTON, PR5 3RD
Incorporated 25/09/1959

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

16290
Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials

Officers

Alan Michael Bond

director · Since 26/09/1991

TRAINEE MANAGER

BRITISH · UNITED KINGDOM · Age 53

Also on 2 other boards

John Anthony Bond

director · Since 26/09/1991

APPRENTICE ENGINEER

BRITISH · UNITED KINGDOM · Age 55

Persons with Significant Control

Mr Alan Michael Bond

25–50% shares

British · England · Age 53

Heatherfield Works, Church Lane, Leyland, PR26 6RD

Notified 06/04/2016

John Anthony Bond

25–50% shares

British · United Kingdom · Age 55

Heatherfield Works, Church Lane, Preston, PR5 3RD

Notified 23/03/2021

Former PSCs

Mr Anthony Bond

Ceased 23/03/2021

Charges5 outstanding

Charge
outstanding

HSBC ASSET FINANCE (UK) LTD · HSBC EQUIPMENT FINANCE (UK) LTD

Created 27/05/2015Registered 27/05/2015
charge
outstanding

HSBC BANK PLC

Created 07/06/2012Registered 13/06/2012
charge
outstanding

HSBC BANK PLC

Created 21/07/2008Registered 24/07/2008
charge
satisfied

HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED

Created 11/07/2007Registered 12/07/2007Satisfied 29/12/2016
charge
outstanding

HSBC BANK PLC

Created 19/08/2005Registered 24/08/2005
charge
satisfied

HSBC ASSET FINANCE (UK) LIMITED AND HSBC EQUIPMENT FINANCE (UK) LIMITED

Created 30/09/2002Registered 30/09/2002Satisfied 29/12/2016
charge
outstanding

MIDLAND BANK LIMITED

Created 15/07/1975Registered 22/07/1975

CompanyRankvs 349+ SIC 16290 peers
56

Financial strength99th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.85× · 6/20
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 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.

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

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

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

Key FinancialsYear ending 31/03/2025

Turnover

£16.0M

Annual revenue

Net Worth

£8.8M

Balance sheet strength

Cash

£21k

Cash in the bank

Profit Before Tax

£2.2M

Bottom line earnings

Net Current Assets

-£570k

Working capital

Current Assets

£3.4M

Current Liabilities

£3.9M

Fixed Assets

£15.2M

Debtors

£3.0M

Cost of Sales

£8.4M

Gross Profit

£7.6M

Admin Expenses

£5.2M

Operating Profit

£2.6M

Profit After Tax

£1.7M

43avg. employees+2

Tax at Year End

Corp tax£34k
Dividends paid£150k

People Costs

Wages & salaries£2.0M
NI contributions£212k

Balance Sheet

Bank loans & overdrafts£1.8M
Assets less current liabilities£14.7M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.85+£1.5M
20240.48+£382k
20230.84+£503k
20221.17+£700k
20211.05+£477k
20200.81+£382k
20190.82

Derived from filed accounts. Not audited figures.