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The Works Advertising Limited

05640068

active
Private Limited Company
england wales
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

17 QUEENS LANE, NEWCASTLE UPON TYNE, NE1 1RN
Incorporated 30/11/2005

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 30/11/2025

Due 14/12/2026

On track

Industry

73110
Advertising agencies

Officers

Mr Ian Neil Oswald

secretary · Since 30/11/2005

BRITISH · UNITED KINGDOM · Age 59

Also on 3 other boards

Mr Ian Neil Oswald

director · Since 30/11/2005

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Also on 3 other boards

Barry Pollock

director · Since 01/07/2006

ADVERTISING CONSULTANT

BRITISH · ENGLAND · Age 55

Persons with Significant Control

We Are The Works Limited

75–100% shares

17, Queens Lane, Newcastle Upon Tyne, NE1 1RN

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 27/02/2015Registered 17/03/2015
charge
outstanding

BARCLAYS BANK PLC

Created 10/01/2006Registered 17/01/2006

CompanyRankvs 2808+ SIC 73110 peers
63

Financial strength36th percentile among SIC peers · 9/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.15× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength9/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 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 31/10/2024

Net Worth

£100

Balance sheet strength

Cash

£94k

Cash in the bank

Net Current Assets

£302k

Working capital

Current Assets

£564k

Current Liabilities

£262k

Fixed Assets

£2k

Debtors

£466k

7avg. employees

Tax at Year End(2021)

Corp tax£97k

Balance Sheet

Assets less current liabilities£304k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.15
20241.94-£78k
20232.35-£163k
20222.07-£39k
20212.50+£547k
20191.14-£709
20181.31

Derived from filed accounts. Not audited figures.