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Watkins & Powis (Pipeline Merchants) Limited

01394901

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

MIDWAY HOUSE STAVERTON TECHNOLOGY PARK HERRICK WAY, CHELTENHAM, GL51 6TQ
Incorporated 19/10/1978

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46760
Wholesale of other intermediate products

Officers

Mr Stuart Clive Locke

director · Since 29/10/2024

DIRECTOR

ENGLISH · ENGLAND · Age 51

Also on 2 other boards

Persons with Significant Control

W P Locke Limited

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

Midway House, Herrick Way, Cheltenham, GL51 6TQ

Reg: 15989246 · Companies House · Private Limited Company

Notified 29/10/2024

Former PSCs

Mrs Christopher Kenneth Watkins

Ceased 29/10/2024

Mr Stanley Robert Powis

Ceased 22/09/2022

Mr Richard Robert Powis

Ceased 29/10/2024

Charges3 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 03/12/2024Registered 04/12/2024
Charge
outstanding

RBS INVOICE FINANCE LIMITED

Created 28/11/2024Registered 29/11/2024
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 25/11/2024Registered 27/11/2024
charge
satisfied

LLOYDS BANK PLC

Created 15/05/1986Registered 17/05/1986Satisfied 29/06/2004
charge
satisfied

LLOYDS BANK PLC

Created 06/12/1983Registered 07/12/1983Satisfied 16/10/2024

CompanyRankvs 137+ SIC 46760 peers
75

Financial strength84th percentile among SIC peers · 21/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.13× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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137Watkins & Powis (Pipeline Merchants) Limited
85
How is this score calculated?
Financial strength21/25 pts

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

Employees14/15 pts

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

Liquidity20/20 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 30/09/2025

Net Worth

£810k

Balance sheet strength

Cash

£189k

Cash in the bank

Net Current Assets

£1.1M

Working capital

Current Assets

£2.1M

Current Liabilities

£964k

Fixed Assets

£310k

Debtors

£1.3M

17avg. employees-5

Tax at Year End

Corp tax£172k

Balance Sheet

Assets less current liabilities£1.4M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20252.13-£2.8M
20245.31+£313k
20234.81+£300k
20224.62+£409k
20213.48+£246k
20204.53+£156k
20193.79+£318k
20173.70—

Derived from filed accounts. Not audited figures.