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R & D Water Engineers Limited

07169381

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT 4, CADDSDOWN BLUE, BIDEFORD, EX39 3GB
Incorporated 25/02/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities
96090
Other personal service activities

Officers

Mr Bradley Miell

director · Since 04/04/2025

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 40

Also on 2 other boards

Persons with Significant Control

Pureleak Group Ltd

75–100% shares
75–100% votes

Unit 2 Scott Business Park, Beacon Park Road, Plymouth, PL2 2PB

Reg: 13556160 · Companies House · Limited Company

Notified 04/04/2025

Former PSCs

Mr Russel Gavin Jennings

Ceased 04/04/2025

Greencliff Property Ltd

Ceased 04/04/2025

Charges1 outstanding

Charge
outstanding

ALLICA BANK LIMITED

Created 04/04/2025Registered 07/04/2025
charge
satisfied

HSBC BANK PLC

Created 08/04/2010Registered 13/04/2010Satisfied 05/12/2017

CompanyRankvs 326+ SIC 71129 peers
79

Financial strength97th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 4.38× · 20/20
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 strength24/25 pts

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

Employees15/15 pts

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

Liquidity20/20 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 03/04/2025

Net Worth

£1.1M

Balance sheet strength

Cash

£537k

Cash in the bank

Net Current Assets

£1.1M

Working capital

Current Assets

£1.4M

Current Liabilities

£319k

Fixed Assets

£36k

Debtors

£852k

38avg. employees+6

Balance Sheet

Assets less current liabilities£1.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20254.38+£199k
20242.77+£485k
20231.72-£1.4M
20224.23+£750k
20213.08+£458k
20202.18+£45k
20191.98

Derived from filed accounts. Not audited figures.