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Waer Systems Limited

03723453

active
Private Limited Company
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)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

UNIT 7 RIVERSIDE BUSINESS CENTRE, SHOREHAM-BY-SEA, BN43 6RE
Incorporated 01/03/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Mr Ryan Johnson

director · Since 11/02/2025

CHARTERED ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 31

Also on 9 other boards

Persons with Significant Control

Former PSCs

Mr Roderick Maxwell Scott

Ceased 31/12/2017

Waer Holdings Limited

Ceased 19/06/2024

Charges1 outstanding

Charge
outstanding

HSBC BANK PLC

Created 13/02/2017Registered 14/02/2017
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 04/04/2006Registered 06/04/2006Satisfied 07/02/2017
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 01/08/2002Registered 12/08/2002Satisfied 07/02/2017
charge
satisfied

LLOYDS TSB BANK PLC

Created 10/04/2001Registered 14/04/2001Satisfied 24/06/2002

CompanyRankvs 3308+ SIC 62020 peers
62

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.12× · 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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3308Waer Systems Limited
82
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 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

and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty in relation to the appropriateness of continuing to adopt the going concern basis in preparing the annual report and accounts. 1.3 Revenue Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of busi

Key FinancialsYear ending 31/12/2021

Net Worth

£655k

Balance sheet strength

Cash

£13k

Cash in the bank

Net Current Assets

£79k

Working capital

Current Assets

£715k

Current Liabilities

£636k

Fixed Assets

£726k

Debtors

£701k

Profit After Tax

-£139k

26avg. employees+2

Balance Sheet

Intangible assets£705k
Assets less current liabilities£805k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20211.12+£60k
20200.73-£316k
20190.95-£240k
20181.15-£515k
20161.63—

Derived from filed accounts. Not audited figures.