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Ward Security Limited

05607258

active
Private Limited Company
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

WARD SECURITY HEAD OFFICE FITTED RIGGING HOUSE, CHATHAM, ME4 4TZ
Incorporated 31/10/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

84240
Public order and safety activities

Officers

Benjamin Matthew Draper

secretary · Since 29/08/2013

BRITISH

Mr Benjamin Matthew Draper

director · Since 29/08/2018

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 45

Also on 10 other boards

Mr Charles Paul Harvey

director · Since 01/08/2025

DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Also on 7 other boards

Persons with Significant Control

Ward Security Group Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Ward Security Head Office, Fitted Rigging House, Chatham, ME4 4TZ

Reg: 06276217 · Companies House · Limited By Shares

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

ALLIED IRISH BANKS, P.L.C.

Created 21/08/2025Registered 26/08/2025
Charge
satisfied

HSBC UK BANK PLC

Created 06/02/2024Registered 08/02/2024Satisfied 17/09/2025
Charge
satisfied

HSBC BANK PLC

Created 03/07/2015Registered 06/07/2015Satisfied 17/09/2025
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 22/10/2013Registered 23/10/2013
charge
outstanding

HSBC BANK PLC

Created 06/09/2012Registered 08/09/2012
charge
satisfied

HSBC BANK PLC

Created 06/09/2012Registered 07/09/2012Satisfied 11/02/2021
charge
satisfied

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 03/09/2012Registered 04/09/2012Satisfied 20/10/2014
charge
satisfied

CABLE FINANCE LIMITED

Created 26/07/2007Registered 14/08/2007Satisfied 19/09/2007
charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED

Created 26/07/2007Registered 30/07/2007Satisfied 20/10/2014
charge
satisfied

IGF INVOICE FINANCE LTD

Created 11/01/2006Registered 16/01/2006Satisfied 05/09/2007

CompanyRankvs 26+ SIC 84240 peers
62

Financial strength98th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.05× · 12/20
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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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.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/12/2022

Turnover

£50.8M

Annual revenue

Net Worth

£1.0M

Balance sheet strength

Cash

£340k

Cash in the bank

Profit Before Tax

£2.2M

Bottom line earnings

Net Current Assets

£606k

Working capital

Current Assets

£13.6M

Current Liabilities

£13.0M

Fixed Assets

£474k

Debtors

£13.2M

Cost of Sales

£45.5M

Admin Expenses

£3.7M

Profit After Tax

£1.9M

1111avg. employees+88

Tax at Year End

Corp tax£274k
Dividends paid£1.0M

People Costs

Wages & salaries£34.4M
NI contributions£3.1M

Balance Sheet

Intangible assets£12k
Bank loans & overdrafts£56k
Assets less current liabilities£1.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20221.05-£738k
20211.14-£217k
20201.18

Derived from filed accounts. Not audited figures.