Wattbike Limited
05554245
Notable Risks
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 04/05/2023
CHIEF EXECUTIVE OFFICER
BRITISH · ENGLAND · Age 53
Also on 3 other boards
director · Since 01/07/2025
ENTREPRENEUR
BRITISH · UNITED STATES · Age 45
Also on 2 other boards
Persons with Significant Control
Wattbike (Holdings) Limited
Unit 13, Nottingham South & Wilford Ind Estate, Nottingham, NG11 7EP
Reg: 07410965 · Companies House · Limited By Shares
Notified 06/04/2016
Charges3 outstanding
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CompanyRankvs 810+ SIC 32300 peers19
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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
of the financial statements, they have no reason to believe that this will not be the case. Therefore a material uncertainty exists which may cast doubt on the group's ability to continue as a going concern. See the Directors' Report and Note 1.2 for further information. Key performance indicators The company considers sales volume, revenue, gross margin, net profit, cash generation an
Key FinancialsYear ending 30/09/2024
Net Worth
-£15.8M
Balance sheet strength
Cash
£755k
Cash in the bank
Profit Before Tax
-£5.0M
Bottom line earnings
Net Current Assets
-£16.0M
Working capital
Current Assets
£4.8M
Current Liabilities
£20.8M
Fixed Assets
£315k
Debtors
£1.9M
Admin Expenses
£5.4M
Profit After Tax
-£5.2M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.23 | -£5.3M |
| 2023 | 0.29 | -£6.6M |
| 2022 | 0.71 | -£6.4M |
| 2021 | 1.00 | +£1.3M |
| 2020 | 1.02 | -£787k |
| 2019 | 1.50 | -£67k |
| 2018 | 1.62 | — |
Derived from filed accounts. Not audited figures.