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Worlifts Limited

01282246

active
Private Limited Company
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • 3 outstanding charges (-6)

Details

GUILD HOUSE, SANDY LANE, BROMSGROVE, B61 0QU
Incorporated 18/10/1976

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28220
Manufacture of lifting and handling equipment

Officers

Mrs Claire Louise Challacombe

director · Since 16/12/2022

DIRECTOR

BRITISH · ENGLAND · Age 39

Mr Thomas Christopher Worley

director · Since 16/12/2022

DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 1 other board

Mr Jonathon Thomas Worley

director · Since 17/12/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 72

Mr Mark Ivan Whitehouse

director · Since 31/03/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Persons with Significant Control

Worlifts (Holdings) Limited

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

Guild House, Sandy Lane, Bromsgrove, B61 0QU

Reg: 14492710 · Companies House · Private Company Limited By Shares

Notified 02/12/2022

Former PSCs

Mr Paul Stephen Smith

Ceased 23/06/2022

Mr Jonathon Thomas Worley

Ceased 02/12/2022

Mrs Sarah Louise Worley

Ceased 02/12/2022

Charges3 outstanding

charge
outstanding

HSBC BANK PLC

Created 27/10/2010Registered 29/10/2010
charge
outstanding

MIDLAND BANK PLC

Created 05/04/1995Registered 06/04/1995
charge
outstanding

MIDLAND BANK PLC

Created 29/10/1982Registered 03/11/1982

CompanyRankvs 157+ SIC 28220 peers
69

Financial strength81th percentile among SIC peers · 20/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.64× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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157Worlifts Limited
75
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.

Employees13/15 pts

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

Liquidity16/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2024

Net Worth

£1.2M

Balance sheet strength

Cash

£936k

Cash in the bank

Net Current Assets

£1.1M

Working capital

Current Assets

£2.9M

Current Liabilities

£1.8M

Fixed Assets

£131k

Debtors

£1.0M

Profit After Tax

£307k

34avg. employees

Tax at Year End

Dividends paid£266k

Balance Sheet

Assets less current liabilities£1.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.64+£41k
20231.42+£180k
20221.60-£133k
20211.74+£115k
20201.71—

Derived from filed accounts. Not audited figures.