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Waterkey Limited

05073231

active
Private Limited Company
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 5 outstanding charges (-10)

Details

18-20 FROGNAL, LONDON, NW3 6AG
Incorporated 15/03/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr Lakis Michaelides

secretary · Since 24/03/2004

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 30 other boards

Mr Christos Kyrillos Ioannou Papaloizou

director · Since 24/03/2004

ARCHITECT

BRITISH · ENGLAND · Age 62

Also on 31 other boards

Mr Lakis Michaelides

director · Since 17/04/2018

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 30 other boards

Persons with Significant Control

Mr Lakis Michaelides

25–50% shares

British · United Kingdom · Age 61

18-20, Frognal, London, NW3 6AG

Notified 06/04/2016

Mr Christos Kyrillos Ioannou Papaloizou

25–50% shares

British · England · Age 62

18-20, Frognal, London, NW3 6AG

Notified 06/04/2016

Charges5 outstanding

Charge
outstanding

MONUMENT BANK LIMITED

Created 09/09/2022Registered 13/09/2022
Charge
outstanding

MONUMENT BANK LIMITED

Created 09/09/2022Registered 13/09/2022
Charge
outstanding

MONUMENT BANK LIMITED

Created 01/04/2022Registered 04/04/2022
Charge
outstanding

ATELIER CAPITAL PARTNERS LIMITED

Created 20/07/2021Registered 21/07/2021
Charge
outstanding

ATELIER CAPITAL PARTNERS LIMITED

Created 20/07/2021Registered 21/07/2021
Charge
satisfied

OAKNORTH BANK PLC

Created 31/10/2018Registered 06/11/2018Satisfied 21/07/2021
Charge
satisfied

IOSEPH LIMITED

Created 17/10/2017Registered 19/10/2017Satisfied 15/01/2019
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satisfied

IOSEPH LIMITED

Created 17/10/2017Registered 19/10/2017Satisfied 15/01/2019
Charge
satisfied

BARCLAYS BANK PLC

Created 16/07/2013Registered 20/07/2013Satisfied 13/10/2017
Charge
satisfied

BARCLAYS BANK PLC

Created 16/07/2013Registered 20/07/2013Satisfied 13/10/2017
charge
satisfied

MARFIN POPULAR BANK PUBLIC CO LTD

Created 28/05/2009Registered 04/06/2009Satisfied 13/10/2017
charge
satisfied

THE CYPRUS POPULAR BANK PUBLIC COMPANY LTD

Created 15/08/2005Registered 19/08/2005Satisfied 20/07/2013
charge
satisfied

THE CYPRUS POPULAR BANK PUBLIC COMPANY LTD

Created 15/08/2005Registered 19/08/2005Satisfied 20/07/2013

CompanyRankvs 1227+ SIC 68100 peers
67

Financial strength99th percentile among SIC peers · 25/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 6.39× · 20/20
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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1227Waterkey Limited
87
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.

Employees12/15 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.

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

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the comp

Key FinancialsYear ending 31/03/2025

Net Worth

£4.4M

Balance sheet strength

Cash

£35k

Cash in the bank

Net Current Assets

£2.8M

Working capital

Current Assets

£3.3M

Current Liabilities

£519k

Fixed Assets

£7.0M

Debtors

£3.3M

2avg. employees

Tax at Year End(2022)

Corp tax£13k

Balance Sheet

Assets less current liabilities£9.8M
Signed by Mr C Papaloizou,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20256.39+£0
20256.39+£46k
20247.35+£89k
20236.92+£630k
20221.44-£584k
20215.22-£43k
20205.71+£1.5M
20197.89—

Derived from filed accounts. Not audited figures.