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Watkin & West (Lace Draughtsmen) Limited

02267269

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

THE GOTHIC HOUSE THE LACE MARKET, NOTTINGHAM, NG1 1JU
Incorporated 14/06/1988

Compliance

Last accounts

31/08/2025

total exemption full

Next accounts due

31/05/2027

On track

Confirmation statement

Last: 29/11/2025

Due 13/12/2026

On track

Industry

74100
Specialised design activities

Officers

Mr Paul Richard Watkin

director · Since 07/09/1995

DIRECTOR

BRITISH · ENGLAND · Age 62

Paul Richard Watkin

secretary · Since 26/02/2018

Persons with Significant Control

Mr Paul Richard Watkin

75–100% shares
75–100% votes

British · England · Age 62

The Gothic House, The Lace Market, Nottingham, NG1 1JU

Notified 29/11/2016

Former PSCs

Mr William Richard Joseph Watkin

Ceased 10/06/2018

CompanyRankvs 1481+ SIC 74100 peers
70

Financial strength63th percentile among SIC peers · 16/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.73× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength16/25 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

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the compan

Key FinancialsYear ending 31/08/2025

Net Worth

£7k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

£30k

Working capital

Current Assets

£47k

Current Liabilities

£17k

Fixed Assets

£752

Debtors

£35k

4avg. employees

Balance Sheet

Assets less current liabilities£30k
Signed by P Watkin,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20252.73-£20k
20244.15-£34k
20236.81—

Derived from filed accounts. Not audited figures.