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Worldwide Recovery Systems Limited

02997761

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

LANTERN HOUSE, POTTERS BAR, EN6 5AJ
Incorporated 02/12/1994

Compliance

Last accounts

31/03/2025

small

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 13/11/2025

Due 27/11/2026

On track

Industry

29201
Manufacture of bodies for motor vehicles
30990
Manufacture of other transport equipment
33170
Repair and maintenance of other transport equipment
46190
Agents involved in the sale of a variety of goods

Officers

Mr Raymond Michael Coleman

director · Since 15/11/2000

CHIEF EXECUTIVE

BRITISH · ENGLAND · Age 69

Also on 8 other boards

Mr Craig Coleman

secretary · Since 31/05/2008

BRITISH

Also on 1 other board

Persons with Significant Control

Lantern Services (Holdings) Limited

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

Lantern House, 39-41 High Street, Potters Bar, EN6 5AJ

Reg: 08394724 · England · Limited Company

Notified 06/04/2016

Charges0 outstanding

Charge
satisfied

BARCLAYS BANK PLC

Created 03/12/2015Registered 11/12/2015Satisfied 16/10/2019
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 16/03/2001Registered 23/03/2001Satisfied 16/10/2019

CompanyRankvs 21+ SIC 29201 peers
87

Financial strength96th percentile among SIC peers · 24/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 4.94× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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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.

Employees13/15 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.

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

£2.8M

Balance sheet strength

Cash

£1.3M

Cash in the bank

Net Current Assets

£2.8M

Working capital

Current Assets

£3.5M

Current Liabilities

£706k

Fixed Assets

£55k

Debtors

£389k

16avg. employees

Tax at Year End

Corp tax£81k

Balance Sheet

Assets less current liabilities£2.8M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20254.94+£249k
20244.34+£359k
20233.46+£414k
20225.33+£472k
20213.35+£246k
20204.27—

Derived from filed accounts. Not audited figures.