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Credential Ptl Limited

06485704

active
Private Limited Company
england wales
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

1 UNIT 1 DALE ROAD, WORTHING, BN11 2RU
Incorporated 28/01/2008

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 28/01/2026

Due 11/02/2027

On track

Industry

38320
Recovery of sorted materials

Officers

Mr Derrick Woolley Pountney

director · Since 12/05/2008

TYRE RECYCLING

BRITISH · UNITED KINGDOM · Age 63

Persons with Significant Control

Mr Derrick Woolley-Pountney

Significant control

British · England · Age 63

1, Unit 1 Dale Road, Worthing, BN11 2RU

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 19/12/2020Registered 19/12/2020
Charge
satisfied

IWOCA SKYE FINANCE LTD

Created 02/10/2020Registered 08/10/2020Satisfied 03/02/2025

CompanyRankvs 218+ SIC 38320 peers
67

Financial strength85th percentile among SIC peers · 21/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.42× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength21/25 pts

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

Employees14/15 pts

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

Liquidity12/20 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 31/03/2025

Net Worth

£1.1M

Balance sheet strength

Cash

£1.8M

Cash in the bank

Net Current Assets

£765k

Working capital

Current Assets

£2.6M

Current Liabilities

£1.8M

Fixed Assets

£529k

Debtors

£796k

30avg. employees+1

Balance Sheet

Assets less current liabilities£1.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.42+£316k
20241.26-£544
20231.25+£51k
20221.35-£412k
20213.80+£643k
20202.62+£88k
20192.05

Derived from filed accounts. Not audited figures.