Westan Properties Limited
05977251
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/10/2024
total exemption full
Next accounts due
31/07/2026
Confirmation statement
Last: 25/10/2025
Due 08/11/2026
Industry
Officers
secretary · Since 25/10/2006
BRITISH · UNITED KINGDOM · Age 74
Also on 1 other board
director · Since 25/10/2006
DIRECTOR
BRITISH · UNITED KINGDOM · Age 74
Also on 1 other board
director · Since 25/10/2006
DIRECTOR
BRITISH · UNITED KINGDOM · Age 74
Also on 1 other board
director · Since 03/04/2017
DIRECTOR
BRITISH · ENGLAND · Age 45
Also on 1 other board
Persons with Significant Control
Westan Holdings Limited
Amelia House, Crescent Road, Worthing, BN11 1QR
Reg: 14926934 · Companies House · Private Company Limited By Shares
Notified 11/07/2023
Former PSCs
Mrs Elaine Jeanette Spence
Ceased 11/07/2023
Mr Michael William Ralph Spence
Ceased 11/07/2023
Charges2 outstanding
YORKSHIRE BUILDING SOCIETY
METRO BANK PLC OF ONE SOUTHAMPTON ROW, LONDON, WC1B 5HA
METRO BANK PLC OF ONE SOUTHAMPTON ROW, LONDON, WC1B 5HA
PARAGON MORTGAGES (2010) LIMITED
PARAGON MORTGAGES (2010) LIMITED
PARAGON MORTGAGES (2010) LIMITED
CompanyRankvs 962+ SIC 68201 peers59
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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
#160; Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements. 1.3 Turnover Turnover represents rents and management fees recognised on an accruals basis. 1.4 Tangible fixed assets Tangi
Key FinancialsYear ending 31/10/2024
Net Worth
£1.2M
Balance sheet strength
Cash
£44k
Cash in the bank
Net Current Assets
£340k
Working capital
Current Assets
£1.0M
Current Liabilities
£664k
Fixed Assets
£3.0M
Debtors
£960k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.51 | -£967k |
| 2023 | 0.03 | -£50k |
| 2022 | 0.04 | -£29k |
| 2021 | 0.03 | +£28k |
| 2020 | 0.02 | +£34k |
| 2019 | 0.03 | -£80k |
| 2018 | 0.06 | — |
Derived from filed accounts. Not audited figures.