Garthwest Limited
00827523
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 8 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 26/11/1991
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 83
Also on 3 other boards
director · Since 26/11/1991
CHAIRMAN
BRITISH · UNITED KINGDOM · Age 93
Also on 3 other boards
director · Since 01/04/1992
JOINT MANAGING DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 2 other boards
director · Since 01/04/1992
JOINT MANAGING DIRECTOR
BRITISH · UNITED KINGDOM · Age 58
Also on 5 other boards
secretary · Since 20/05/2003
DIRECTOR
BRITISH · UNITED KINGDOM · Age 83
Also on 3 other boards
Persons with Significant Control
Mr Alexander Raffan West
British · England · Age 57
Rotterdam Road, Hull, HU7 0XA
Notified 01/07/2016
Mr Lindsay Robert West
British · United Kingdom · Age 58
Rotterdam Road, Hull, HU7 0XA
Notified 01/07/2016
Mr Angus James West
British · England · Age 60
Rotterdam Road, Hull, HU7 0XA
Notified 01/07/2016
Charges8 outstanding
HSBC INVOICE FINANCE (UK) LTD
FOSBER S.P.A.
HSBC BANK PLC
HSBC ASSET FINANCE (UK) LTD AND HSBC EQUIPMENT FINANCE (UK) LTD
HSBC ASSET FINANCE (UK) LTD AND HSBC EQUIPMENT FINANCE (UK) LTD
HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
HSBC ASSET FINANCE (UK) LIMITED AND HSBC EQUIPMENT FINANCE (UK) LIMITED
MIDLAND BANK PLC
FORWARD TRUST GROUP LIMITED
MIDLAND BANK PLC
MIDLAND BANK PLC
CompanyRankvs 140+ SIC 17219 peers48
Show leaderboard
How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 going co
Key FinancialsYear ending 31/03/2025
Turnover
£8.5M
Annual revenue
Net Worth
£3.0M
Balance sheet strength
Cash
£89k
Cash in the bank
Profit Before Tax
£467k
Bottom line earnings
Net Current Assets
-£1.7M
Working capital
Current Assets
£1.6M
Current Liabilities
£3.2M
Fixed Assets
£5.6M
Debtors
£1.2M
Cost of Sales
£5.7M
Gross Profit
£2.8M
Admin Expenses
£1.9M
Operating Profit
£618k
Profit After Tax
£531k
Tax at Year End
People Costs(2024)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.49 | +£349k |
| 2024 | 0.49 | +£577k |
| 2023 | 0.52 | +£753k |
| 2022 | 0.51 | +£515k |
| 2021 | 0.43 | -£1.1M |
| 2019 | 0.44 | +£131k |
| 2019 | 0.43 | -£923k |
| 2017 | 0.50 | — |
Derived from filed accounts. Not audited figures.