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Towereach Limited

02278791

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

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

Details

1ST FLOOR 5 CENTURY COURT, WATFORD, WD18 9PX
Incorporated 20/07/1988

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mrs Elizabeth Gaty

secretary · Since 20/06/1992

BRITISH · UNITED KINGDOM · Age 72

Also on 11 other boards

Mr George Gaty

director · Since 20/06/1992

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 75

Also on 15 other boards

Ms Karen Chaya Gaty

director · Since 07/12/2017

DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Also on 15 other boards

Persons with Significant Control

Mr George Gaty

25–50% shares
25–50% votes

British · England · Age 75

22 Portland Court, 101 Hendon Lane, London, N3 3SH

Notified 06/04/2016

Mrs Elizabeth Gaty

25–50% shares
25–50% votes

British · England · Age 72

22 Portland Court, 101 Hendon Lane, London, N3 3SH

Notified 06/04/2016

Charges6 outstanding

Charge
outstanding

YORKSHIRE BUILDING SOCIETY

Created 16/11/2023Registered 28/11/2023
Charge
outstanding

ALDERMORE BANK PLC

Created 27/09/2018Registered 04/10/2018
Charge
outstanding

ALDERMORE BANK PLC

Created 27/09/2018Registered 04/10/2018
Charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER

Created 30/07/2013Registered 08/08/2013Satisfied 02/10/2018
Charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER

Created 30/07/2013Registered 08/08/2013Satisfied 02/10/2018
Charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER

Created 30/07/2013Registered 08/08/2013Satisfied 02/10/2018
charge
satisfied

NEWCASTLE BUILDING SOCIETY

Created 28/07/2008Registered 01/08/2008Satisfied 08/08/2013
charge
satisfied

NEWCASTLE BUILDING SOCIETY

Created 28/07/2008Registered 01/08/2008Satisfied 03/08/2013
charge
outstanding

AIB GROUP (UK) PLC · BARCLAYS BANK PLC

Created 05/03/2008Registered 15/03/2008
charge
outstanding

BARCLAYS BANK PLC

Created 05/03/2008Registered 05/03/2008
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 09/06/2005Registered 22/06/2005Satisfied 13/09/2018
charge
satisfied

LLOYDS TSB BANK PLC

Created 01/03/2005Registered 04/03/2005Satisfied 01/08/2008
charge
satisfied

LLOYDS TSB BANK PLC

Created 23/12/2004Registered 31/12/2004Satisfied 01/08/2008
charge
satisfied

LLOYDS TSB BANK PLC

Created 23/12/2004Registered 24/12/2004Satisfied 01/08/2008
charge
satisfied

NORTHERN ROCK PLC

Created 14/09/2004Registered 16/09/2004Satisfied 01/08/2008
charge
satisfied

CAPITAL HOME LOANS LIMITED

Created 28/11/2001Registered 04/12/2001Satisfied 28/03/2007
charge
satisfied

WOOLWICH PLC

Created 13/06/2000Registered 20/06/2000Satisfied 01/08/2008
charge
outstanding

WOOLWICH PLC

Created 13/06/2000Registered 20/06/2000
charge
satisfied

CAPITAL HOME LOANS LIMITED

Created 11/02/2000Registered 17/02/2000Satisfied 28/03/2007
charge
satisfied

WALTHAMSTOW BUILDING SOCIETY

Created 23/08/1990Registered 24/08/1990Satisfied 01/08/2008
charge
satisfied

LLOYDS BANK PLC

Created 09/08/1989Registered 22/08/1989Satisfied 14/09/1990

CompanyRankvs 8555+ SIC 41100 peers
63

Financial strength85th percentile among SIC peers · 21/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 2.55× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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8555Towereach Limited
73
How is this score calculated?
Financial strength21/25 pts

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

Employees2/15 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 30/09/2024

Net Worth

£233k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£800k

Working capital

Current Assets

£1.3M

Current Liabilities

£515k

Fixed Assets

£295k

0avg. employees

Balance Sheet

Assets less current liabilities£1.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.55-£99k
20231.85-£105k
20220.99-£40k
20211.04-£48k
20201.09+£9k
20191.08+£435k
20180.27—

Derived from filed accounts. Not audited figures.