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Walsh Associates Limited

02339267

active
Private Limited Company
Companies House
Health Score
82 / 100

Healthy

30/30
Filing
20/30
Financial
32/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

THE CLOVE, 4 MAGUIRE STREET, SE1 2NQ
Incorporated 25/01/1989

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Ian Welsh

director · Since 30/01/2006

STRUCTURAL ENGINEER

BRITISH · UNITED KINGDOM · Age 50

Also on 2 other boards

Andrew Stanford

director · Since 01/01/2008

CIVIL ENGINEER

BRITISH · ENGLAND · Age 55

Ben Ransom

director · Since 01/03/2012

ENGINEER

BRITISH · ENGLAND · Age 50

Mr Peyrouz Modarres

director · Since 20/01/2014

STRUCTURAL ENGINEER

BRITISH · ENGLAND · Age 47

Mr Garreth Miles Joyce

director · Since 22/05/2019

CIVIL ENGINEER

BRITISH · UNITED KINGDOM · Age 42

Also on 3 other boards

Mr Richard Jonathan Ball

director · Since 02/05/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Mr Andrew Stanford

secretary · Since 31/12/2023

Ms Jacqueline Kantor

director · Since 02/09/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Charges4 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 15/03/2022Registered 16/03/2022
Charge
satisfied

STEPHEN PATRICK WALSH

Created 13/12/2013Registered 21/12/2013Satisfied 30/11/2019
Charge
outstanding

BARCLAYS BANK PLC

Created 02/12/2013Registered 05/12/2013
Charge
outstanding

BARCLAYS BANK PLC

Created 02/12/2013Registered 05/12/2013
charge
outstanding

BARCLAYS BANK PLC

Created 06/02/2002Registered 12/02/2002
charge
satisfied

BARCLAYS BANK PLC

Created 29/03/1990Registered 04/04/1990Satisfied 30/01/2014

CompanyRankvs 57+ SIC 71129 peers
70

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.32× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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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.

Employees15/15 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

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 31/12/2024

Turnover

£11.4M

Annual revenue

Net Worth

£4.1M

Balance sheet strength

Cash

£1.0M

Cash in the bank

Profit Before Tax

£330k

Bottom line earnings

Net Current Assets

£3.9M

Working capital

Current Assets

£6.9M

Current Liabilities

£3.0M

Fixed Assets

£470k

Debtors

£343k

Cost of Sales

£6.0M

Gross Profit

£5.4M

Admin Expenses

£5.0M

Operating Profit

£336k

Profit After Tax

£709k

113avg. employees-5

Tax at Year End

Dividends paid-£85k

People Costs

Wages & salaries£6.0M
NI contributions£680k

Balance Sheet

Bank loans & overdrafts£80k
Assets less current liabilities£4.4M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20242.32+£523k
20231.86—

Derived from filed accounts. Not audited figures.