Source Watches Limited
05851864
Some Concerns
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
30/06/2025
micro entity
Next accounts due
31/03/2027
Confirmation statement
Last: 06/08/2025
Due 20/08/2026
Industry
Officers
Persons with Significant Control
Ms Annette Allen
British · England · Age 51
Ground Floor Masonic Hall Building, Mill Street, Sutton Coldfield, B72 1TJ
Notified 15/07/2016
Charges2 outstanding
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
Change History
Active
Private Limited Company
GROUND FLOOR MASONIC HALL BUILDING
SUTTON COLDFIELD
CompanyRankvs 150+ SIC 46480 peers68
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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
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
£75k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£85k
Working capital
Current Assets
£153k
Current Liabilities
£68k
Fixed Assets
£31k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.25 | +£0 |
| 2025 | 2.25 | -£3k |
| 2024 | 1.98 | +£13k |
| 2023 | 3.40 | +£35k |
| 2022 | 2.64 | +£13k |
| 2021 | 1.83 | — |
Derived from filed accounts. Not audited figures.