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The Wine Vaults (Portsmouth) Limited

02161160

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

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

Details

1 KINGS AVENUE, LONDON, N21 3NA
Incorporated 04/09/1987

Compliance

Last accounts

30/04/2025

total exemption full

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 16/10/2025

Due 30/10/2026

On track

Industry

56302
Public houses and bars

Officers

Mr Michael Rickard Anthony Hughes

director · Since 14/02/1992

ENTREPRENEUR

ENGLISH · ENGLAND · Age 69

Mr Rory Charles Evans Hughes

director · Since 28/03/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 23

Also on 5 other boards

Persons with Significant Control

Mr Michael Rickard Anthony Hughes

25–50% shares
25–50% votes

English · United Kingdom · Age 69

1 Kings Avenue, London, N21 3NA

Notified 06/04/2016

Rh Investments Holdings Ltd

25–50% shares
25–50% votes

1 Kings Avenue, London, N21 3NA

Reg: 16018933 · England And Wales · Private Limited Company

Notified 15/10/2024

Charges22 outstanding

charge
outstanding

MICHAEL RICKARD ANTHONY HUGHES

Created 09/01/2013Registered 26/01/2013
charge
outstanding

MICHAEL RICKARD ANTHONY HUGHES

Created 09/01/2013Registered 26/01/2013
charge
outstanding

MICHAEL RICKARD ANTHONY HUGHES

Created 09/01/2013Registered 26/01/2013
charge
outstanding

MICHAEL RICKARD ANTHONY HUGHES

Created 09/01/2013Registered 26/01/2013
charge
outstanding

KIM DOMINIC LITTLE AND SHEILA JEAN LITTLE

Created 07/05/2010Registered 19/05/2010
charge
outstanding

HSBC BANK PLC

Created 15/10/2007Registered 30/10/2007
charge
outstanding

HSBC BANK PLC

Created 15/10/2007Registered 24/10/2007
charge
outstanding

HSBC BANK PLC

Created 14/03/2007Registered 17/03/2007
charge
outstanding

HSBC BANK PLC

Created 14/03/2007Registered 17/03/2007
charge
outstanding

HSBC BANK PLC

Created 14/03/2007Registered 17/03/2007
charge
outstanding

HSBC BANK PLC

Created 14/03/2007Registered 17/03/2007
charge
outstanding

HSBC BANK PLC

Created 14/03/2007Registered 17/03/2007
charge
outstanding

HSBC BANK PLC

Created 14/03/2007Registered 16/03/2007
charge
outstanding

HSBC BANK PLC

Created 12/05/2005Registered 13/05/2005
charge
outstanding

HSBC BANK PLC

Created 12/11/2001Registered 15/11/2001
charge
outstanding

MIDLAND BANK PLC

Created 17/06/1999Registered 19/06/1999
charge
outstanding

MIDLAND BANK PLC

Created 17/06/1999Registered 18/06/1999
charge
outstanding

MIDLAND BANK PLC

Created 17/06/1999Registered 18/06/1999
charge
outstanding

MIDLAND BANK PLC

Created 17/06/1999Registered 18/06/1999
charge
outstanding

MIDLAND BANK PLC

Created 17/06/1999Registered 18/06/1999
charge
outstanding

MIDLAND BANK PLC

Created 17/06/1999Registered 18/06/1999
charge
satisfied

SCOTTISH & NEWCASTLE PLC

Created 10/04/1997Registered 12/04/1997Satisfied 23/06/1999
charge
outstanding

MIDLAND BANK PLC

Created 10/02/1995Registered 17/02/1995

CompanyRankvs 660+ SIC 56302 peers
70

Financial strength99th percentile among SIC peers · 25/25
Employees34th percentile among SIC peers · 5/15
LiquidityCurrent ratio 3.66× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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660The Wine Vaults (Portsmouth) Limited
80
How is this score calculated?
Financial strength25/25 pts

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

Employees5/15 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 30/04/2025

Net Worth

£3.2M

Balance sheet strength

Cash

£154k

Cash in the bank

Net Current Assets

£1.8M

Working capital

Current Assets

£2.5M

Current Liabilities

£685k

Fixed Assets

£2.0M

Debtors

£2.4M

2avg. employees

Tax at Year End(2022)

VAT£52k

Director Loans(2020)

Company owes directors£373k

Balance Sheet

Bank loans & overdrafts£152k
Assets less current liabilities£3.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20253.66+£175k—
20243.77-£393k—
20234.34+£125k—
20223.60+£179k£1.0M
20213.62+£111k£847k
20202.99+£2.3M£1.0M
20191.95+£149k—
20181.91——

Derived from filed accounts. Not audited figures.