Western Isles News Agency Limited
04611652
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Michael Joseph Merritt
British · Scotland · Age 69
26 Lewis Street, Stornoway, HS1 2JF
Notified 06/04/2016
CompanyRankvs 31+ SIC 63910 peers81
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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.
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
£161k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£135k
Working capital
Current Assets
£150k
Current Liabilities
£16k
Fixed Assets
£27k
Tax at Year End(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 9.54 | -£8k |
| 2024 | 9.10 | — |
| 2023 | 7.29 | — |
| 2022 | 6.65 | — |
| 2021 | 7.01 | — |
| 2020 | 6.81 | — |
| 2019 | 6.13 | — |
Derived from filed accounts. Not audited figures.