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Lakes Bathrooms Limited

02739471

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
49 / 100

Notable Risks

25/30
Filing
10/30
Financial
14/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • Active insolvency proceedings (-20)
  • 3 outstanding charges (-6)

Details

LAKES BATHROOMS ALEXANDRA WAY, TEWKESBURY, GL20 8NB
Incorporated 14/08/1992

Compliance

Last accounts

30/11/2024

full

Next accounts due

31/08/2026

On track

Confirmation statement

Last: 08/08/2025

Due 22/08/2026

On track

Industry

46499
46499

Officers

Mr Mike Gahir

director · Since 01/10/2020

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 1 other board

Mr Christopher Anthony Thain

director · Since 04/04/2022

OPERATIONS DIRECTOR

WELSH · WALES · Age 44

Also on 1 other board

Mr David Williams

director · Since 17/11/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 3 other boards

Mr Michael Bone

director · Since 20/01/2025

SALES DIRECTOR

BRITISH · ENGLAND · Age 62

Mr Timothy Lloyd

director · Since 30/10/2025

DIRECTOR

BRITISH · ENGLAND · Age 48

Persons with Significant Control

Lakes Corporate Holdings Limited

75–100% shares
75–100% votes
Appoint directors
significant-influence-or-control-as-firm

Alexandra Way, Alexandra Way, Tewkesbury, GL20 8NB

Reg: 15088638 · England And Wales · Private Limited Company

Notified 17/11/2023

Former PSCs

Mr Robin Paul Craddock

Ceased 24/05/2017

Mrs Bev Tamsin Brown

Ceased 17/11/2023

Mr Mark Stradling

Ceased 17/11/2023

Ms Julia Katherine Martin-Jones

Ceased 17/11/2023

Charges3 outstanding

Charge
outstanding

DAVID WILLIAMS

Created 17/11/2023Registered 22/11/2023
Charge
outstanding

PRAETURA COMMERCIAL FINANCE LIMITED

Created 17/11/2023Registered 20/11/2023
Charge
satisfied

HSBC BANK PLC

Created 22/10/2015Registered 26/10/2015Satisfied 24/02/2022
charge
satisfied

HSBC BANK PLC

Created 23/11/2011Registered 25/11/2011Satisfied 09/05/2023
charge
satisfied

HSBC BANK PLC

Created 03/10/2011Registered 07/10/2011Satisfied 30/03/2024
charge
satisfied

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Created 25/08/2011Registered 27/08/2011Satisfied 10/04/2024
charge
outstanding

HSBC BANK PLC

Created 11/04/2007Registered 18/04/2007

Insolvency History1 case

in administration

Jonathan Roden (practitioner) · Daniel Timms (practitioner) · Robin Parker (practitioner)

CompanyRankvs 299+ SIC 46499 peers
51

Financial strength96th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.37× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Insolvency history: -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 original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t

Key FinancialsYear ending 30/11/2024

Turnover

£18.7M

Annual revenue

Net Worth

£2.2M

Balance sheet strength

Cash

£56k

Cash in the bank

Profit Before Tax

-£1.1M

Bottom line earnings

Net Current Assets

£1.7M

Working capital

Current Assets

£6.2M

Current Liabilities

£4.5M

Fixed Assets

£505k

Debtors

£2.7M

Cost of Sales

£11.2M

Gross Profit

£7.5M

Admin Expenses

£8.5M

Profit After Tax

-£1.1M

68avg. employees

Tax at Year End

Dividends paid-£4.1M

People Costs

Wages & salaries£4.1M
NI contributions£435k

Balance Sheet

Intangible assets£29k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent Ratio
20241.37

Derived from filed accounts. Not audited figures.