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Wearsmart Limited

02416253

active
Private Limited Company
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • 3 outstanding charges (-6)

Details

284 STATION ROAD, HARROW, HA1 2EA
Incorporated 23/08/1989

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47710
Retail sale of clothing in specialised stores

Officers

Mr Chandravadan Nanji Vaghela

secretary · Since 23/08/1991

BRITISH · UNITED KINGDOM · Age 69

Also on 3 other boards

Mr Chandravadan Nanji Vaghela

director · Since 23/08/1991

SALES MANAGER

BRITISH · UNITED KINGDOM · Age 69

Also on 3 other boards

Persons with Significant Control

Mr Chandravadan Nanji Vaghela

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 69

4, West Court, Wembley, HA0 3QQ

Notified 15/01/2024

Former PSCs

Mr Ramniklal Jeram Vaghela

Ceased 15/01/2024

Charges3 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 22/07/2008Registered 06/08/2008
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 22/09/2003Registered 25/09/2003
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 03/12/1990Registered 05/12/1990

CompanyRankvs 2452+ SIC 47710 peers
64

Financial strength98th percentile among SIC peers · 25/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 1.7× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2452Wearsmart Limited
70
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.

Employees3/15 pts

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

Liquidity16/20 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 28/02/2025

Net Worth

£831k

Balance sheet strength

Cash

£25k

Cash in the bank

Net Current Assets

£37k

Working capital

Current Assets

£91k

Current Liabilities

£53k

Fixed Assets

£1.1M

Debtors

£66k

0avg. employees

Tax at Year End(2020)

Corp tax£8k
Dividends paid£4k

Balance Sheet

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

EstimatesDerived

YearCurrent RatioImplied Profit
20251.70+£27k
20241.43+£28k
20231.23+£19k
20221.15+£15k
2021—+£656k
2020—+£28k

Derived from filed accounts. Not audited figures.