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Watermatic Irrigation Solutions Limited

08153238

active
Private Limited Company
Companies House
Health Score
82 / 100

Healthy

30/30
Filing
20/30
Financial
32/40
Risk
  • 4 outstanding charges (-8)

Details

KIMBERLEY HOUSE, EDGWARE, MIDDLESEX, HA8 5LD
Incorporated 23/07/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

42910
Construction of water projects

Officers

Mr Itsik Ribak

director · Since 23/07/2012

DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 1 other board

Persons with Significant Control

Mr Itsik Ribak

75–100% shares
75–100% votes
Appoint directors
Significant control

British · England · Age 60

Kimberley House, 31 Burnt Oak Broadway, Edgware, Middlesex, HA8 5LD

Notified 06/04/2016

Charges4 outstanding

Charge
outstanding

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 19/11/2024Registered 19/11/2024
Charge
outstanding

WATERMATIC LIMITED (IN LIQUIDATION)

Created 22/10/2024Registered 11/11/2024
Charge
outstanding

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 05/12/2023Registered 06/12/2023
Charge
outstanding

LLOYDS BANK PLC

Created 17/08/2016Registered 17/08/2016

CompanyRankvs 175+ SIC 42910 peers
64

Financial strength74th percentile among SIC peers · 19/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.45× · 12/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength19/25 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.

Longevity14/15 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 31/12/2025

Net Worth

£101k

Balance sheet strength

Cash

£61k

Cash in the bank

Net Current Assets

£104k

Working capital

Current Assets

£336k

Current Liabilities

£231k

Fixed Assets

£83k

Debtors

£267k

13avg. employees

Tax at Year End

Corp tax£34k

Balance Sheet

Intangible assets£17k
Assets less current liabilities£187k
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20251.45+£43k
20241.37+£9k
20234.67+£13k
20223.62-£2k
20214.17-£2k
20203.61
20192.31

Derived from filed accounts. Not audited figures.