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Worthy Builders (Reading) Limited

02703414

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

1 CARNEGIE ROAD, BERKSHIRE, RG14 5DJ
Incorporated 03/04/1992

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Andrew Patrick Grimshaw

director · Since 04/03/1996

BUILDER

BRITISH · ENGLAND · Age 65

Also on 2 other boards

Mrs Jacqueline Ann Grimshaw

secretary · Since 23/04/2008

BRITISH · UNITED KINGDOM · Age 63

Also on 4 other boards

Persons with Significant Control

Mr Andrew Patrick Grimshaw

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

British · England · Age 65

C/O Virtual Company Secretary Ltd, 7 York Road, Woking, GU22 7XH

Notified 06/04/2016

Former PSCs

Worthy Holdings Limited

Ceased 16/01/2020

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 24/04/2023Registered 28/04/2023
Charge
outstanding

FACTOR 21 PLC

Created 07/04/2016Registered 08/04/2016
charge
satisfied

HSBC BANK PLC

Created 26/02/2008Registered 11/03/2008Satisfied 31/05/2016
charge
satisfied

HSBC BANK PLC

Created 26/02/2008Registered 11/03/2008Satisfied 31/05/2016
charge
satisfied

HSBC BANK PLC

Created 19/02/2008Registered 04/03/2008Satisfied 31/05/2016
charge
satisfied

LLOYDS TSB BANK PLC

Created 29/11/2007Registered 07/12/2007Satisfied 22/10/2010
charge
satisfied

HSBC BANK PLC

Created 28/02/2003Registered 07/03/2003Satisfied 16/05/2012
charge
satisfied

HSBC BANK PLC

Created 18/06/2001Registered 20/06/2001Satisfied 16/05/2012
charge
satisfied

HSBC BANK PLC

Created 18/06/2001Registered 20/06/2001Satisfied 16/05/2012
charge
satisfied

HSBC BANK PLC

Created 10/07/2000Registered 18/07/2000Satisfied 16/05/2012
charge
satisfied

HSBC BANK PLC

Created 26/11/1999Registered 04/12/1999Satisfied 16/05/2012
charge
satisfied

MIDLAND BANK PLC

Created 28/11/1998Registered 15/12/1998Satisfied 16/05/2012
charge
satisfied

MIDLAND BANK PLC

Created 28/11/1998Registered 15/12/1998Satisfied 16/05/2012
charge
satisfied

ISIS FACTORS PLC

Created 07/11/1995Registered 08/11/1995Satisfied 22/10/2010
charge
satisfied

MIDLAND BANK PLC

Created 06/08/1993Registered 19/08/1993Satisfied 16/05/2012
charge
satisfied

MIDLAND BANK PLC

Created 26/05/1993Registered 02/06/1993Satisfied 31/05/2016

CompanyRankvs 18750+ SIC 43999 peers
47

Financial strength2th percentile among SIC peers · 1/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.3× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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18750Worthy Builders (Reading) Limited
57
How is this score calculated?
Financial strength1/25 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.

Liquidity12/20 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 31/03/2025

Net Worth

-£95k

Balance sheet strength

Cash

£22k

Cash in the bank

Net Current Assets

£79k

Working capital

Current Assets

£347k

Current Liabilities

£267k

Fixed Assets

£24k

Debtors

£72k

10avg. employees

Balance Sheet

Assets less current liabilities£103k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.30-£70k
20241.06+£95k
20230.65+£8k
20220.58-£24k
20210.69-£77k
20200.86+£139k
20180.32—

Derived from filed accounts. Not audited figures.