Westlab Ltd
05214492
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 12/07/2025
Due 26/07/2026
Industry
Officers
director · Since 14/11/2014
FINANCE DIRECTOR
BRITISH · UNITED ARAB EMIRATES · Age 43
Also on 1 other board
director · Since 30/11/2022
CHIEF EXECUTIVE
BRITISH · ENGLAND · Age 33
Also on 1 other board
director · Since 22/09/2025
MANAGEMENT ACCOUNTANT
BRITISH · ENGLAND · Age 23
Also on 23 other boards
Persons with Significant Control
Mr Scott Jonathan Fletcher
British · England · Age 52
27th Floor, City Tower, Piccadilly Plaza, Manchester, M1 4BT
Notified 06/04/2016
Lowry Trading Ltd
9th Floor, Neo, Charlotte Street, Manchester, M1 4ET
Reg: 06438997 · Companies House · Private Limited Company
Notified 06/04/2021
Former PSCs
Mr Scott Paul Livingston
Ceased 06/04/2021
Charges1 outstanding
COUTTS & COMPANY
SVENSKA HANDELSBANKEN AB (PUBL)
LOWRY TRADING LTD
SVENSKA HANDELSBANKEN AB (PUBL)
THE ROYAL BANK OF SCOTLAND PLC
CompanyRankvs 2646+ SIC 86900 peers62
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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
lead to significant doubt upon the Company's ability to continue as a going concern. Thus, the Directors have continued to adopt the going concern basis of accounting in preparing these financial statements. Disclosure of information to auditor Each of the persons who are Directors at the time when this Directors' Report is approved has confirm
Key FinancialsYear ending 31/12/2023
Turnover
£10.9M
Annual revenue
Net Worth
£667k
Balance sheet strength
Cash
£25k
Cash in the bank
Profit Before Tax
£575k
Bottom line earnings
Net Current Assets
£415k
Working capital
Current Assets
£4.5M
Current Liabilities
£4.1M
Fixed Assets
£626k
Debtors
£3.2M
Cost of Sales
£6.7M
Gross Profit
£4.2M
Admin Expenses
£3.4M
Operating Profit
£818k
Profit After Tax
£410k
Tax at Year End(2019)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 1.10 | +£1.3M |
| 2019 | 1.11 | — |
Derived from filed accounts. Not audited figures.