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Westbay Distribution Limited

02866778

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

WESTBAY HOUSE, COLNBROOK, SL3 0AP
Incorporated 28/10/1993

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 28/10/2025

Due 11/11/2026

On track

Industry

49410
Freight transport by road

Officers

Rakesh Bodasing

secretary · Since 03/10/2003

DIRECTOR

BRITISH · Age 63

Also on 1 other board

Mr Vikash Maharaj

director · Since 03/10/2003

DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 2 other boards

Mr Parminder Singh Heer

director · Since 22/06/2004

DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Rakesh Bodasing

director · Since 22/02/2008

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 1 other board

Persons with Significant Control

Maharaj Distribution Limited

75–100% shares

18, The Lagger, Chalfont St. Giles, HP8 4DG

Reg: 04769280 · England & Wales · Limited Company

Notified 28/10/2016

Charges1 outstanding

charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 02/08/2010Registered 03/08/2010Satisfied 04/04/2013
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 19/01/2010Registered 27/01/2010
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 28/02/2008Registered 08/03/2008Satisfied 02/05/2013
charge
satisfied

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Created 03/10/2003Registered 17/10/2003Satisfied 04/04/2013

CompanyRankvs 526+ SIC 49410 peers
78

Financial strength97th percentile among SIC peers · 24/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.51× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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526Westbay Distribution Limited
88
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.

Employees14/15 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 31/10/2024

Net Worth

£1.1M

Balance sheet strength

Cash

£846k

Cash in the bank

Net Current Assets

£1.1M

Working capital

Current Assets

£1.5M

Current Liabilities

£422k

Fixed Assets

£7k

Debtors

£636k

Profit After Tax

£183k

10avg. employees

Tax at Year End

Dividends paid£235k

Balance Sheet

Assets less current liabilities£1.1M
Prepared with PTP Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.51-£52k
20233.35+£115k
20222.97+£123k
20213.61—

Derived from filed accounts. Not audited figures.