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West Midland Merchants Limited

00669227

active
Private Limited Company
england wales
Companies House
Health Score
72 / 100

Some Concerns

30/30
Filing
10/30
Financial
32/40
Risk
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

CHURCHFIELD HOUSE, DUDLEY, DY2 8RG
Incorporated 02/09/1960

Compliance

Last accounts

31/03/2025

full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 31/07/2025

Due 14/08/2026

On track

Industry

46480
Wholesale of watches and jewellery

Officers

Mr Alan Hugh Higgs Fca

director · Since 19/07/1991

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 75

Also on 16 other boards

Mr Andrew Scott Douglas Higgs Bsc

director · Since 17/11/2006

CHARTERED ACCOUNANT

BRITISH · UNITED KINGDOM · Age 46

Also on 8 other boards

Mr Robert Alan Wylie

secretary · Since 06/07/2011

Mrs Pamela Jane Higgs

director · Since 06/07/2011

DIRECTOR

BRITISH · UNITED KINGDOM · Age 74

Also on 10 other boards

Mr Philip James Higgs

director · Since 06/07/2011

DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Also on 4 other boards

Mr Robert Wylie

director · Since 05/08/2014

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 5 other boards

Persons with Significant Control

T H Baker Global Incorporated Limited

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

5-6, Long Lane, Rowley Regis, B65 0JA

Reg: 11719694 · England & Wales · Limited Liability Company

Notified 20/12/2018

Former PSCs

T H Baker Group Limited

Ceased 20/01/2026

Charges4 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 14/04/2015Registered 21/04/2015
Charge
outstanding

PAMELA JANE HIGGS · ALAN HUGH HIGGS

Created 27/03/2015Registered 02/04/2015
Charge
outstanding

BARCLAYS BANK PLC

Created 18/09/2013Registered 23/09/2013
charge
outstanding

BARCLAYS BANK PLC

Created 06/07/2011Registered 12/07/2011
charge
satisfied

LLOYDS TSB BANK PLC

Created 07/08/2008Registered 12/08/2008Satisfied 15/09/2010
charge
satisfied

HSBC BANK PLC

Created 16/03/2001Registered 24/03/2001Satisfied 17/03/2014
charge
satisfied

MIDLAND BANK PLC

Created 05/02/1997Registered 11/02/1997Satisfied 17/03/2014
charge
satisfied

BARCLAYS BANK PLC

Created 10/10/1988Registered 14/10/1988Satisfied 16/09/2008

CompanyRankvs 463+ SIC 46480 peers
44

Financial strength74th percentile among SIC peers · 19/25
Employees23th percentile among SIC peers · 3/15
LiquidityCurrent ratio 1.12× · 12/20
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 strength19/25 pts

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

Employees3/15 pts

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

Liquidity12/20 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

Net Worth

£25k

Balance sheet strength

Cash

£2k

Cash in the bank

Profit Before Tax

-£69k

Bottom line earnings

Net Current Assets

£1.5M

Working capital

Current Assets

£14.4M

Current Liabilities

£12.9M

Fixed Assets

£0

Debtors

£12.9M

Cost of Sales

£13.4M

Admin Expenses

£987k

Profit After Tax

-£69k

0avg. employees

Tax at Year End(2023)

Corp tax£0

People Costs

Wages & salaries£644k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20251.12+£0
20251.12+£0
20241.14+£0
20231.15+£0
20221.15

Derived from filed accounts. Not audited figures.