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The Terraced House Conversion Company Limited

02896152

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

1 HIGH STREET, SHEERNESS, ME12 1NY
Incorporated 09/02/1994

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Bernard John Watson

director · Since 09/02/1994

RETAILER

BRITISH · ENGLAND · Age 82

Mr Caleb James Watson

director · Since 09/02/1994

BUILDER

BRITISH · ENGLAND · Age 54

Persons with Significant Control

Mr Caleb James Watson

25–50% shares

British · England · Age 54

1, High Street, Sheerness, ME12 1NY

Notified 06/04/2016

Mr Bernard John Watson

50–75% shares

British · England · Age 54

1, High Street, Sheerness, ME12 1NY

Notified 06/04/2016

Former PSCs

Mrs Beryl Eileen Watson

Ceased 21/10/2019

Charges0 outstanding

Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 12/08/2016Registered 13/08/2016Satisfied 20/07/2022
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 20/07/2016Registered 29/07/2016Satisfied 20/07/2022

CompanyRankvs 68162+ SIC 68209 peers
49

Financial strength95th percentile among SIC peers · 24/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.11× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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68162The Terraced House Conversion Company Limited
59
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.

Employees3/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. Significant judgements - going concern When preparing the financial statements, the directors have assessed whether there are significant doubts about the company's ability to continue as a going concern, particularly as ther

Key FinancialsYear ending 31/03/2025

Net Worth

£1.6M

Balance sheet strength

Cash

£7k

Cash in the bank

Net Current Assets

-£142k

Working capital

Current Assets

£18k

Current Liabilities

£160k

Fixed Assets

£2.0M

Debtors

£11k

0avg. employees

Balance Sheet

Assets less current liabilities£1.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.11+£71k
20240.08+£6k
20230.06—

Derived from filed accounts. Not audited figures.