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Ian Richards (West Country Construction) Limited

05203099

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 5 outstanding charges (-10)

Details

11 ALVERTON TERRACE, CORNWALL, TR18 4JH
Incorporated 11/08/2004

Compliance

Last accounts

31/05/2025

total exemption full

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 10/05/2026

Due 24/05/2027

On track

Industry

41201
Construction of commercial buildings
41202
Construction of domestic buildings
68209
Other letting and operating of own or leased real estate

Officers

Lynn Richards

secretary · Since 27/08/2004

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Also on 1 other board

Mr Ian Andrew Richards

director · Since 27/08/2004

BUILDER

BRITISH · ENGLAND · Age 64

Lynn Richards

director · Since 27/08/2004

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Also on 1 other board

Persons with Significant Control

Mr Ian Andrew Richards

50–75% shares

British · England · Age 64

11 Alverton Terrace, Cornwall, TR18 4JH

Notified 10/08/2016

Mrs Lynn Richards

25–50% shares

British · United Kingdom · Age 64

11, Alverton Terrace, Penzance, TR18 4JH

Notified 21/05/2024

Charges5 outstanding

Charge
outstanding

KEYSTONE PROPERTY FINANCE LIMITED

Created 14/02/2022Registered 22/02/2022
charge
outstanding

HSBC BANK PLC

Created 23/11/2009Registered 24/11/2009
charge
outstanding

CAPITAL HOME LOANS LIMITED

Created 02/11/2006Registered 04/11/2006
charge
outstanding

HSBC BANK PLC

Created 20/10/2004Registered 02/11/2004
charge
outstanding

HSBC BANK PLC

Created 08/09/2004Registered 09/09/2004

CompanyRankvs 803+ SIC 41201 peers
74

Financial strength86th percentile among SIC peers · 22/25
Employees79th percentile among SIC peers · 12/15
LiquidityCurrent ratio 2.38× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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803Ian Richards (West Country Construction) Limited
84
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.

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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/05/2025

Net Worth

£164k

Balance sheet strength

Cash

£15k

Cash in the bank

Net Current Assets

£129k

Working capital

Current Assets

£223k

Current Liabilities

£94k

Fixed Assets

£336k

Debtors

£205k

3avg. employees

Balance Sheet

Bank loans & overdrafts£254k
Assets less current liabilities£465k
Signed by 5203099 2024-06-01 2025-05-31 5203099 2025-05-31 5203099 core:FinanceLeases core:CurrentFinancialInstruments 2025-05-31 Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20252.38+£0
20252.38-£3k
20242.17-£1k
20232.42+£1k
20222.50+£8k
20211.56+£35k
20201.51+£4k
20191.47+£28k
20181.00—

Derived from filed accounts. Not audited figures.