Watts Farms Packers Limited
06191865
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)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 29/03/2007
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 5 other boards
director · Since 29/03/2007
FARMER
BRITISH · ENGLAND · Age 74
Also on 3 other boards
director · Since 29/03/2007
FARMER
BRITISH · ENGLAND · Age 78
Also on 3 other boards
director · Since 10/09/2012
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 41
Also on 5 other boards
Persons with Significant Control
Watts Farms Fresh Produce Holdings Limited
Section A, Unit 14, Mills Road, Aylesford, ME20 7NA
Reg: 07845324 · England And Wales · Private Company Limited By Shares
Notified 06/04/2016
Charges1 outstanding
HSBC UK BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 1087+ SIC 82920 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
performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity'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 going c
Key FinancialsYear ending 30/09/2023
Turnover
£22.2M
Annual revenue
Net Worth
-£1.1M
Balance sheet strength
Cash
£22k
Cash in the bank
Profit Before Tax
-£399k
Bottom line earnings
Net Current Assets
-£1.7M
Working capital
Current Assets
£13.8M
Current Liabilities
£15.4M
Fixed Assets
£604k
Debtors
£12.1M
Cost of Sales
£19.8M
Gross Profit
£2.4M
Admin Expenses
£3.2M
Operating Profit
-£391k
Profit After Tax
-£399k
Tax at Year End(2022)
People Costs
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.89 | -£399k |
| 2022 | 0.83 | — |
Derived from filed accounts. Not audited figures.