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Watts Healthcare Limited

08268746

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

OFFICE 1, WALSALL, WS4 2LA
Incorporated 25/10/2012

Compliance

Last accounts

30/04/2025

total exemption full

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 25/10/2025

Due 08/11/2026

On track

Industry

87100
Residential nursing care facilities

Officers

Mr Jashpal Singh Thind

director · Since 25/10/2012

CARE HOME

BRITISH · UNITED KINGDOM · Age 61

Also on 4 other boards

Persons with Significant Control

Jeeves Estates Limited

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

Office 1, 21 Hatherton Street, Walsall, WS4 2LA

Reg: 04978052 · England · Limited Company

Notified 06/04/2016

CompanyRankvs 3288+ SIC 87100 peers
34

Financial strength1th percentile among SIC peers · 0/25
Employees86th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.42× · 2/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees13/15 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.

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

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

provided at the following annual rates in order to write off each asset over its estimated useful life. Land and buildings - 5% on reducing balance Plant and machinery etc - 25% on reducing balance Going concern disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 30/04/2025

Net Worth

-£1.1M

Balance sheet strength

Cash

£188k

Cash in the bank

Net Current Assets

-£1.2M

Working capital

Current Assets

£897k

Current Liabilities

£2.1M

Fixed Assets

£105k

Debtors

£709k

45avg. employees+11

Tax at Year End(2023)

Corp tax£6k

Director Loans(2020)

Company owes directors£3k

Balance Sheet

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

EstimatesDerived

YearCurrent RatioImplied Profit
20250.42
20230.16
20220.11
20210.03
20200.03-£274k
20190.07

Derived from filed accounts. Not audited figures.