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Worksecond Limited

02815352

active
Private Limited Company
england wales
Companies House
Health Score
77 / 100

Some Concerns

25/30
Filing
20/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • 4 outstanding charges (-8)

Details

382 ASTON LANE, BIRMINGHAM, B6 6QN
Incorporated 05/05/1993

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 28/04/2026

Due 12/05/2027

On track

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Karl Gordon Pountney

secretary · Since 13/05/1993

DIRECTOR

BRITISH · Age 58

Also on 25 other boards

Mr Karl Gordon Pountney

director · Since 30/01/2004

MANAGER

BRITISH · ENGLAND · Age 58

Also on 25 other boards

Persons with Significant Control

Contracts Galleypearl Limited

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

382 Aston Lane, Witton, Birmingham, B6 6QN

Reg: 01824540 · England And Wales · Private Limited Company By Shares

Notified 06/04/2016

Former PSCs

Mr Gerald Edwin Pountney

Ceased 07/12/2023

Charges4 outstanding

Charge
outstanding

MONMOUTHSHIRE BUILDING SOCIETY

Created 03/04/2023Registered 06/04/2023
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 02/08/2017Registered 03/08/2017
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 02/08/2017Registered 03/08/2017
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 28/07/2017Registered 31/07/2017

CompanyRankvs 432+ SIC 68209 peers
80

Financial strength98th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.52× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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432Worksecond Limited
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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.

Employees15/15 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 31/12/2024

Net Worth

£3.6M

Balance sheet strength

Cash

£61k

Cash in the bank

Net Current Assets

£436k

Working capital

Current Assets

£723k

Current Liabilities

£287k

Fixed Assets

£5.8M

Debtors

£662k

4avg. employees-1

Balance Sheet

Bank loans & overdrafts£1.8M
Assets less current liabilities£6.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.52+£34k
20232.40—

Derived from filed accounts. Not audited figures.