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W.J. Watkins & Son Limited

01285475

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

LANDUE, LAUNCESTON, PL15 9NN
Incorporated 08/11/1976

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

01500
Mixed farming

Officers

Mr David John Watkins

director · Since 22/06/1991

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 72

Also on 21 other boards

Mr David John Watkins

secretary · Since 03/04/2004

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 72

Also on 21 other boards

Persons with Significant Control

Mr David John Watkins

75–100% shares

British · England · Age 72

Landue, Lezant, Launceston, PL15 9NN

Notified 23/06/2016

Charges2 outstanding

Charge
outstanding

THE AGRICULTURAL MORTGAGE CORPORATION PLC

Created 29/10/2025Registered 19/11/2025
charge
satisfied

BARCLAYS BANK PLC

Created 09/01/2013Registered 22/01/2013Satisfied 10/06/2025
charge
outstanding

BARCLAYS BANK PLC

Created 11/01/2013Registered 15/01/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 15/04/2005Registered 23/04/2005Satisfied 07/10/2013
charge
satisfied

LLOYDS BANK PLC

Created 12/01/1999Registered 14/01/1999Satisfied 07/10/2013
charge
satisfied

THE AGRICULTURAL MORTGAGE CORPORATION PLC

Created 01/03/1995Registered 03/03/1995Satisfied 07/10/2013
charge
satisfied

LLOYDS BANK PLC

Created 15/07/1993Registered 17/07/1993Satisfied 07/10/2013
charge
satisfied

LLOYDS BANK PLC

Created 04/03/1992Registered 10/03/1992Satisfied 07/10/2013
charge
satisfied

THE AGRICULTURAL MORTGAGE CORPORATION PLC

Created 31/07/1991Registered 08/08/1991Satisfied 07/10/2013
charge
satisfied

THE AGRICULTURAL MORTGAGE CORPORATION PLC

Created 31/07/1991Registered 08/08/1991Satisfied 07/10/2013
charge
satisfied

LLOYDS BANK PLC

Created 22/05/1989Registered 25/05/1989Satisfied 07/10/2013
charge
satisfied

LLOYDS BANK PLC

Created 09/03/1989Registered 25/03/1989Satisfied 07/10/2013

CompanyRankvs 1255+ SIC 01500 peers
53

Financial strength86th percentile among SIC peers · 22/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.91× · 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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1255W.J. Watkins & Son Limited
69
How is this score calculated?
Financial strength22/25 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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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 director with respect to g

Key FinancialsYear ending 31/10/2024

Net Worth

£1.3M

Balance sheet strength

Cash

£1k

Cash in the bank

Profit Before Tax

-£1.8M

Bottom line earnings

Net Current Assets

-£4.4M

Working capital

Current Assets

£8.1M

Current Liabilities

£8.9M

Fixed Assets

£7.9M

Debtors

£1.2M

Cost of Sales

£13.6M

Admin Expenses

£2.5M

Profit After Tax

-£1.5M

48avg. employees

Balance Sheet

Intangible assets-£2.8M
Bank loans & overdrafts£1.9M
Assets less current liabilities£3.4M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20240.91

Derived from filed accounts. Not audited figures.