Worthing Removals And Storage Co. (P & H) Limited
01225910
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 31/10/2003
REMOVAL MANAGER
BRITISH · UNITED KINGDOM · Age 61
Also on 1 other board
director · Since 17/01/2025
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 38
Also on 1 other board
Persons with Significant Control
Keith William Olliver
British · England · Age 61
Amelia House, Crescent Road, Worthing, BN11 1RL
Notified 06/04/2016
Charges3 outstanding
MIDLAND BANK PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 2120+ SIC 52103 peers40
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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
Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements . 1.3 Turnover Turnover is recognised at the fair value of the consideration received or receivable for services provided in
Key FinancialsYear ending 31/03/2025
Net Worth
£268k
Balance sheet strength
Cash
£50k
Cash in the bank
Net Current Assets
-£3k
Working capital
Current Assets
£284k
Current Liabilities
£287k
Fixed Assets
£314k
Debtors
£231k
Tax at Year End(2017)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.99 | +£0 |
| 2025 | 0.99 | -£61k |
| 2024 | 1.32 | -£37k |
| 2023 | 1.41 | -£54k |
| 2022 | 1.59 | -£17k |
| 2021 | 1.58 | -£10k |
| 2020 | 0.80 | -£20k |
| 2019 | 1.05 | -£28k |
| 2018 | 1.05 | -£33k |
| 2017 | 1.18 | — |
Derived from filed accounts. Not audited figures.