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Watti Developments Ltd

06205047

active
Private Limited Company
england wales
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

CARNABY INDUSTRIAL ESTATE LANCASTER ROAD, BRIDLINGTON, YO15 3QY
Incorporated 05/04/2007

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 18/03/2026

Due 01/04/2027

On track

Industry

43390
Other building completion and finishing

Officers

Mr Rame Michael Watti

secretary · Since 06/04/2007

ADMINISTRATOR

BRITISH · ENGLAND · Age 44

Also on 3 other boards

Mr Abduo James Watti

director · Since 06/04/2007

ENGINEER

BRITISH · ENGLAND · Age 46

Mr Hazem Mark Watti

director · Since 06/04/2007

ENGINEER

BRITISH · ENGLAND · Age 41

Also on 1 other board

Mr Rame Michael Watti

director · Since 06/04/2007

ADMINISTRATOR

BRITISH · ENGLAND · Age 44

Also on 3 other boards

Persons with Significant Control

Mr Abduo Watti

Significant control

British · England · Age 46

Carnaby Industrial Estate, Lancaster Road, Bridlington, YO15 3QY

Notified 01/03/2017

Mr Rame Michael Watti

Significant control

British · England · Age 44

Carnaby Industrial Estate, Lancaster Road, Bridlington, YO15 3QY

Notified 01/03/2017

Charges3 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 17/05/2010Registered 26/05/2010
charge
outstanding

LLOYDS TSB BANK PLC

Created 28/04/2008Registered 30/04/2008
charge
outstanding

LLOYDS TSB BANK PLC

Created 14/08/2007Registered 16/08/2007

CompanyRankvs 8391+ SIC 43390 peers
57

Financial strength90th percentile among SIC peers · 23/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.03× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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8391Watti Developments Ltd
67
How is this score calculated?
Financial strength23/25 pts

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

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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 31/12/2024

Net Worth

£132k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£63k

Working capital

Current Assets

£2k

Current Liabilities

£65k

Fixed Assets

£284k

Debtors

£669

3avg. employees

Balance Sheet

Assets less current liabilities£220k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.03+£8k
20230.04+£8k
20220.02+£6k
20210.02+£8k
20200.92+£14k
20190.09+£7k
20180.12—

Derived from filed accounts. Not audited figures.