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Watercare Ltd

02274888

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

1 GOLDEN COURT, RICHMOND, TW9 1EU
Incorporated 06/07/1988

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

81299
Other cleaning services

Officers

Mr Peter Richard Smith

director · Since 06/07/1988

DIRECTOR

BRITISH · ENGLAND · Age 80

Also on 2 other boards

Mr Garry Smith

secretary · Since 02/09/2002

MANAGER

BRITISH · UNITED KINGDOM · Age 55

Persons with Significant Control

Mr Peter Richard Smith

75–100% shares
75–100% votes

British · England · Age 80

115, Hampstead Road, London, NW1 3EE

Notified 01/07/2016

Mrs Gillian Judith Smith

75–100% shares
75–100% votes

British · England · Age 76

115, Hampstead Road, London, NW1 3EE

Notified 01/07/2016

Charges4 outstanding

Charge
outstanding

INTERBAY FUNDING LIMITED

Created 17/07/2015Registered 21/07/2015
Charge
outstanding

INTERBAY FUNDING LIMITED

Created 17/07/2015Registered 21/07/2015
charge
outstanding

HSBC BANK PLC

Created 08/04/2008Registered 23/04/2008
charge
outstanding

MIDLAND BANK PLC

Created 20/11/1992Registered 03/12/1992

CompanyRankvs 1400+ SIC 81299 peers
63

Financial strength97th percentile among SIC peers · 24/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.73× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1400Watercare Ltd
69
How is this score calculated?
Financial strength24/25 pts

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

Employees13/15 pts

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

Liquidity6/20 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 31/08/2024

Net Worth

£192k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£105k

Working capital

Current Assets

£287k

Current Liabilities

£393k

Fixed Assets

£426k

Debtors

£282k

8avg. employees

Balance Sheet

Assets less current liabilities£321k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.73-£41
20230.77+£110
20220.82-£379
20210.87+£192k
20200.50-£100k
20190.51—
20180.37—

Derived from filed accounts. Not audited figures.