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Truscotts (Barnstaple) Limited

02721408

active
Private Limited Company
england wales
Companies House
Health Score
72 / 100

Some Concerns

30/30
Filing
10/30
Financial
32/40
Risk
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

WOODLAND HOUSE FORRESTERS BUSINESS PARK, PLYMOUTH, PL6 7PL
Incorporated 09/06/1992

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

30/12/2026

On track

Confirmation statement

Last: 16/04/2026

Due 30/04/2027

On track

Industry

41201
Construction of commercial buildings
45112
Sale of used cars and light motor vehicles
68209
Other letting and operating of own or leased real estate

Officers

Mr Michael John Boundy

director · Since 09/06/1993

PROPERTY DEVELOPER

BRITISH · UNITED KINGDOM · Age 60

Also on 5 other boards

Persons with Significant Control

Mr Michael John Boundy

75–100% shares
75–100% votes

British · Spain · Age 60

Grenville House, 9 Boutport Street, Barnstaple, EX31 1TZ

Notified 06/04/2016

Charges4 outstanding

Charge
outstanding

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CompanyRankvs 2216+ SIC 41201 peers
67

Financial strength98th percentile among SIC peers · 25/25
Employees10th percentile among SIC peers · 2/15
LiquidityCurrent ratio 6.17× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2216Truscotts (Barnstaple) Limited
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

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

£3.0M

Balance sheet strength

Cash

£61k

Cash in the bank

Net Current Assets

£2.6M

Working capital

Current Assets

£3.1M

Current Liabilities

£502k

Fixed Assets

£1.9M

Debtors

£1.1M

Profit After Tax

-£127k

0avg. employees

Tax at Year End(2024)

Corp tax£7k

Balance Sheet

Bank loans & overdrafts£1.2M
Assets less current liabilities£4.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20256.17+£0
20256.17-£127k
20249.95+£525k
20231.26—

Derived from filed accounts. Not audited figures.