Waltet Materials Limited
03230908
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 16/12/1996
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 64
Also on 8 other boards
director · Since 25/07/2014
GENERAL MANAGER
BRITISH · ENGLAND · Age 59
Also on 1 other board
Persons with Significant Control
Waltet Limited
Unit 4, Andes Road, Southampton, SO16 0YZ
Reg: 06550655 · Companies House · Limited Company
Notified 06/04/2016
Charges2 outstanding
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CompanyRankvs 502+ SIC 39000 peers54
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 going co
Key FinancialsYear ending 31/10/2024
Turnover
£11.0M
Annual revenue
Net Worth
£876k
Balance sheet strength
Cash
£251k
Cash in the bank
Profit Before Tax
£10k
Bottom line earnings
Net Current Assets
-£1.2M
Working capital
Current Assets
£3.5M
Current Liabilities
£4.7M
Fixed Assets
£4.2M
Debtors
£2.5M
Cost of Sales
£8.0M
Gross Profit
£3.1M
Admin Expenses
£3.0M
Operating Profit
£348k
Profit After Tax
-£4k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.75 | -£4k |
| 2023 | 0.75 | -£112k |
| 2022 | 0.56 | -£540k |
| 2021 | 0.63 | -£38k |
| 2020 | 0.72 | -£557k |
| 2019 | 1.42 | +£295k |
| 2018 | 1.90 | — |
Derived from filed accounts. Not audited figures.