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Solway Heaters Limited

02549740

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

SOLWAY ROAD, WORKINGTON, CA14 3YA
Incorporated 18/10/1990

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46719
Wholesale of other fuels and related products

Officers

Martyn Edward Richardson

secretary · Since 08/12/2009

BRITISH

Mr Kevin Stuart Richardson

director · Since 08/12/2009

ENGINEER

BRITISH · ENGLAND · Age 48

Also on 4 other boards

Mr Martyn Edward Richardson

director · Since 08/12/2009

ENGINEER

BRITISH · ENGLAND · Age 52

Also on 1 other board

Persons with Significant Control

Richardson Retailing Ltd

75–100% shares
75–100% votes
Appoint directors

Low Row Service Station, Low Row, Brampton, CA8 2JE

Reg: 09050939 · Companies House Register Of Companies For The United Kingdom · Private Limited Company

Notified 30/04/2021

Former PSCs

Solway Gas & Heaters Limited

Ceased 30/04/2021

Charges1 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 27/07/2023Registered 28/07/2023

CompanyRankvs 17+ SIC 46719 peers
77

Financial strength92th percentile among SIC peers · 23/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.55× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/04/2024

Net Worth

£1.6M

Balance sheet strength

Cash

£429k

Cash in the bank

Net Current Assets

£1.1M

Working capital

Current Assets

£1.6M

Current Liabilities

£444k

Fixed Assets

£502k

Debtors

£989k

13avg. employees

Tax at Year End

Corp tax£63k

Balance Sheet

Intangible assets£10k
Assets less current liabilities£1.6M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20243.55+£217k
20232.67+£266k
20222.42-£103k
20212.75+£79k
20197.50

Derived from filed accounts. Not audited figures.