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Westward Financial Management Limited

05382934

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

2 SWALLOW COURT, TIVERTON, EX16 7EJ
Incorporated 04/03/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66220
Activities of insurance agents and brokers

Officers

Mr Simon John Austin

director · Since 06/04/2021

INDEPENDENT FINANCIAL ADVISER

BRITISH · ENGLAND · Age 63

Also on 2 other boards

Mr Nicholas Michael Austin

director · Since 07/07/2022

INDEPENDENT FINANCIAL ADVISOR

BRITISH · ENGLAND · Age 61

Also on 4 other boards

Persons with Significant Control

Austin Asset Management Ltd

25–50% shares
25–50% votes
Appoint directors

36, Bishops Way, Exeter, EX2 7PF

Reg: 06552966 · England And Wales · Limited Company

Notified 07/07/2022

Indigo & Blue Limited

25–50% shares
25–50% votes
Appoint directors

28, Sandoe Way, Exeter, EX1 3WJ

Reg: 07679864 · England And Wales · Limited Company

Notified 07/07/2022

Former PSCs

Mr Simon Ward Franklin

Ceased 07/07/2022

Mrs Dawn Franklin

Ceased 06/04/2021

Mr Simon John Austin

Ceased 07/07/2022

Charges1 outstanding

Charge
outstanding

METRO BANK PLC

Created 07/07/2022Registered 14/07/2022

CompanyRankvs 296+ SIC 66220 peers
73

Financial strength85th percentile among SIC peers · 21/25
Employees83th percentile among SIC peers · 12/15
LiquidityCurrent ratio 7.53× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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296Westward Financial Management Limited
83
How is this score calculated?
Financial strength21/25 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 30/06/2025

Net Worth

£198k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£428k

Working capital

Current Assets

£494k

Current Liabilities

£66k

Fixed Assets

£7k

5avg. employees

Balance Sheet

Assets less current liabilities£435k
Signed by 05382934 2024-07-01 2025-06-30 05382934 2025-06-30 05382934 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20257.53+£0
20257.53+£50k
20249.34+£34k
202329.65+£65k
20229.61+£5k
20215.11+£709
20203.44+£13k
20192.28-£2k
20182.46—

Derived from filed accounts. Not audited figures.