Winch Solutions Limited
06009924
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 27/11/2006
IMPORTER
BRITISH · ENGLAND · Age 59
Also on 2 other boards
director · Since 21/01/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 2 other boards
director · Since 08/02/2023
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 37
Also on 2 other boards
Persons with Significant Control
Bpe Holdings Limited
Unit 17-18, Bradley Lane, Wigan, WN6 0XQ
Reg: 12333092 · Companies House · Private Company Limited By Shares
Notified 04/05/2020
Former PSCs
Mr Jeffrey Paul Bimson
Ceased 04/05/2020
Mrs Joanne Bimson
Ceased 04/05/2020
Charges2 outstanding
HSBC UK BANK PLC
HSBC UK BANK PLC
SVENSKA HANDELSBANKEN AB (PUBL)
RBS INVOICE FINANCE LIMITED
THE ROYAL BANK OF SCOTLAND PLC
CompanyRankvs 1962+ SIC 46140 peers31
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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
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 30/04/2024
Net Worth
-£1.6M
Balance sheet strength
Cash
£170k
Cash in the bank
Profit Before Tax
-£2.3M
Bottom line earnings
Net Current Assets
-£1.8M
Working capital
Current Assets
£7.1M
Current Liabilities
£8.9M
Fixed Assets
£198k
Debtors
£4.6M
Cost of Sales
£3.6M
Admin Expenses
£988k
Profit After Tax
-£2.3M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.80 | -£2.5M |
| 2023 | 1.10 | -£696k |
| 2022 | 1.26 | -£218k |
| 2021 | 1.87 | +£766k |
| 2020 | 1.95 | -£60k |
| 2019 | 1.67 | — |
Derived from filed accounts. Not audited figures.