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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

Craig Coleman

secretary · Since 31/05/2008

British

Raymond Michael Coleman

director · Since 15/11/2000

British

Former

Catherine Anne Chapman

secretary · Resigned 31/05/2008

Joseph Henry Coleman

secretary · Resigned 25/10/2005

Michael Alan Saward

secretary · Resigned 07/10/1997

Waterlow Secretaries Limited

corporate nominee secretary · Resigned 08/12/1994

Joseph Henry Coleman

director · Resigned 25/10/2005

Sheila Jessie Coleman

director · Resigned 29/02/2008

Michael Alan Saward

director · Resigned 07/10/1997

Waterlow Nominees Limited

corporate nominee director · Resigned 08/12/1994

CompanyRankvs 220+ SIC 29201 peers
87

Financial strength97th 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—

Derived from filed accounts. Not audited figures.