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Velvetward Limited

01609321

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

11 VICARAGE ROAD, ESSEX, RM12 4AS
Incorporated 25/01/1982

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mrs Judith Dorothy Howes

secretary · Since 14/11/1991

BRITISH · UNITED KINGDOM · Age 71

Also on 5 other boards

Mrs Judith Dorothy Howes

director · Since 14/11/1991

SECRETARY

BRITISH · UNITED KINGDOM · Age 71

Also on 5 other boards

Mr Peter James Howes

director · Since 14/11/1991

ELECTRICAL ENGINEER

BRITISH · UNITED KINGDOM · Age 73

Persons with Significant Control

Mr Peter James Howes

25–50% shares
25–50% votes

British · United Kingdom · Age 73

11 Vicarage Road, Hornchurch, RM12 4AS

Notified 06/04/2016

Mrs Judith Dorothy Howes

25–50% shares
25–50% votes

British · United Kingdom · Age 71

11 Vicarage Road, Hornchurch, RM12 4AS

Notified 06/04/2016

Charges3 outstanding

charge
outstanding

HSBC BANK PLC

Created 02/02/2000Registered 04/02/2000
charge
outstanding

BARCLAYS BANK PLC

Created 20/01/1988Registered 01/02/1988
charge
satisfied

BARCLAYS BANK PLC

Created 20/01/1988Registered 01/02/1988Satisfied 23/04/1994
charge
outstanding

EXETER TRUST LIMITED

Created 05/01/1988Registered 11/01/1988
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 30/04/1984Registered 08/05/1984Satisfied 03/07/1996

CompanyRankvs 28422+ SIC 43999 peers
36

Financial strength21th percentile among SIC peers · 5/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.01× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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28422Velvetward Limited
46
How is this score calculated?
Financial strength5/25 pts

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

Employees9/15 pts

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

Liquidity2/20 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 31/03/2025

Net Worth

£2

Balance sheet strength

Cash

£64

Cash in the bank

Net Current Assets

-£36k

Working capital

Current Assets

£264

Current Liabilities

£36k

Fixed Assets

£4k

Debtors

£200

2avg. employees

Balance Sheet

Assets less current liabilities-£32k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.01
20240.01
20230.01
20220.01
20210.01
20200.01
20190.01
20170.01

Derived from filed accounts. Not audited figures.