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Bassetts (Wales) Ltd

03012938

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)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

VALLEY WAY, SWANSEA, SA6 8QX
Incorporated 23/01/1995

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 31/08/2025

Due 14/09/2026

On track

Industry

45111
Sale of new cars and light motor vehicles
45112
Sale of used cars and light motor vehicles

Officers

Mr Edward Huw Francis

secretary · Since 22/02/1995

COMPANY DIRECTOR

WELSH · WALES · Age 79

Also on 1 other board

Deborah Fry

director · Since 01/03/2008

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 3 other boards

Ioan Harries

director · Since 11/11/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Also on 2 other boards

Kevin Parry

director · Since 11/11/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 2 other boards

Persons with Significant Control

Bassett Property Holdings Ltd

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

Bassetts Wales Ltd, Valley Way, Swansea, SA6 8QX

Reg: 06941155 · England And Wales · Limited Company

Notified 06/04/2016

Charges1 outstanding

charge
satisfied

BANK OF WALES

Created 13/06/2001Registered 20/06/2001Satisfied 30/12/2009
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 23/05/2001Registered 25/05/2001Satisfied 30/12/2009
charge
outstanding

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 23/05/2001Registered 25/05/2001
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 23/05/2001Registered 25/05/2001Satisfied 30/12/2009
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 23/05/2001Registered 25/05/2001Satisfied 30/12/2009
charge
satisfied

BANK OF WALES PLC

Created 16/12/1996Registered 24/12/1996Satisfied 30/12/2009
charge
satisfied

BANK OF WALES PLC

Created 13/12/1995Registered 19/12/1995Satisfied 30/12/2009
charge
satisfied

BANK OF WALES PLC

Created 14/07/1995Registered 18/07/1995Satisfied 30/12/2009
charge
satisfied

BANK OF WALES PLC

Created 14/07/1995Registered 18/07/1995Satisfied 30/12/2009

CompanyRankvs 396+ SIC 45111 peers
58

Financial strength89th percentile among SIC peers · 22/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.32× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength22/25 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.

Liquidity12/20 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

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/12/2024

Net Worth

£1.8M

Balance sheet strength

Cash

£9k

Cash in the bank

Profit Before Tax

-£715k

Bottom line earnings

Net Current Assets

£1.3M

Working capital

Current Assets

£5.3M

Current Liabilities

£4.0M

Fixed Assets

£550k

Debtors

£1.1M

Profit After Tax

-£676k

43avg. employees

Tax at Year End(2021)

Corp tax£52k
Dividends paid£15k

People Costs

Wages & salaries£1.5M

Balance Sheet

Assets less current liabilities£1.8M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.32-£676k
20232.18+£1.6M
20211.15+£193k
20201.10+£187k
20191.05-£108k
20181.13

Derived from filed accounts. Not audited figures.