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Waterrower (Uk) Ltd.

02595975

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

UNIT 4 THE VALLEY CENTRE, HIGH WYCOMBE, HP13 6EQ
Incorporated 27/03/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing

Officers

Mr Peter Vincent King Beng Mba

director · Since 29/04/1994

ENGINEER

AUSTRALIAN · UNITED STATES · Age 63

Mr Jason Armstrong

secretary · Since 11/03/2008

OPERATIONS MANAGER

BRITISH · Age 51

Mr Benjamin Joseph Duggan

director · Since 27/03/2019

SALES DIRECTOR

BRITISH · ENGLAND · Age 38

Persons with Significant Control

Mr Peter Vincent King

ownership-of-shares-75-to-100-percent-as-firm

Australian · Australia · Age 63

Unit 4, The Valley Centre, High Wycombe, HP13 6EQ

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

MICROGEN UK LIMITED

Created 12/11/1996Registered 14/11/1996
charge
satisfied

BARCLAYS BANK PLC

Created 23/03/1994Registered 31/03/1994Satisfied 23/03/2021

CompanyRankvs 2218+ SIC 32990 peers
57

Financial strength99th percentile among SIC peers · 25/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 3.87× · 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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2218Waterrower (Uk) Ltd.
77
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.

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

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

Key FinancialsYear ending 31/03/2025

Net Worth

£12.3M

Balance sheet strength

Cash

£10.6M

Cash in the bank

Profit Before Tax

-£156k

Bottom line earnings

Net Current Assets

£11.9M

Working capital

Current Assets

£16.1M

Current Liabilities

£4.1M

Fixed Assets

£372k

Debtors

£1.7M

Cost of Sales

£2.6M

Admin Expenses

£2.3M

Profit After Tax

-£25k

0avg. employees-18

Tax at Year End(2023)

Corp tax£0

People Costs

Wages & salaries£585k

Balance Sheet

Intangible assets£95k
Assets less current liabilities£12.3M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20253.87-£25k
20242.75-£269k
20232.12+£372k
20221.79+£2.7M
20211.76—

Derived from filed accounts. Not audited figures.