Walters Resources Limited
01900234
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
28/02/2025
medium
Next accounts due
30/11/2026
Confirmation statement
Last: 31/01/2026
Due 14/02/2027
Industry
Officers
director · Since 20/10/1994
MINING ENGINEER
BRITISH · UNITED KINGDOM · Age 59
Also on 33 other boards
secretary · Since 01/09/1995
BRITISH · UNITED KINGDOM · Age 59
Also on 33 other boards
director · Since 21/06/2016
DIRECTOR
BRITISH · UNITED KINGDOM · Age 51
Also on 10 other boards
Persons with Significant Control
G. Walters (Holdings) Limited
Hirwaun House, Hirwaun Industrial Estate, Aberdare, CF44 9UL
Reg: 02686054 · Companies House · Private Company Limited By Shares
Notified 06/04/2016
Charges2 outstanding
WELSH DEVELOPMENT AGENCY
THE COAL AUTHORITY
CLOSE BROTHERS LIMITED
CLOSE BROTHERS LTD
MIDLAND BANK PLC
CompanyRankvs 105+ SIC 05102 peers59
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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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 directors with respect to going co
Key FinancialsYear ending 28/02/2025
Turnover
£40.0M
Annual revenue
Net Worth
£5k
Balance sheet strength
Cash
£9.9M
Cash in the bank
Profit Before Tax
£2.4M
Bottom line earnings
Net Current Assets
£13.5M
Working capital
Current Assets
£15.2M
Current Liabilities
£1.7M
Fixed Assets
£1.6M
Debtors
£4.6M
Cost of Sales
£38.5M
Gross Profit
£1.6M
Admin Expenses
£401k
Operating Profit
£1.3M
Profit After Tax
£2.0M
Tax at Year End(2023)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 8.86 | — |
| 2024 | 9.39 | — |
| 2023 | 9.89 | +£0 |
| 2022 | 11.54 | +£0 |
| 2021 | 2.84 | +£0 |
| 2020 | 3.50 | +£0 |
| 2019 | 1.18 | -£1.8M |
| 2017 | 1.05 | — |
Derived from filed accounts. Not audited figures.