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Heatsource (Wales) Limited

08316757

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 1, BAILEY COURT, FFORESTFACH, SWANSEA UNIT 1, BAILEY COURT, SWANSEA, SA5 4DE
Incorporated 03/12/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43220
Plumbing, heat and air-conditioning installation

Officers

Matthew Evan Powell

secretary · Since 10/12/2012

BRITISH

Mr Matthew Evan Powell

director · Since 10/12/2012

MANAGER

BRITISH · UNITED KINGDOM · Age 43

Also on 2 other boards

Mr Morgan Rhys Powell

director · Since 18/03/2017

NONE

BRITISH · UNITED KINGDOM · Age 35

Also on 6 other boards

Mrs Silvana Powell

director · Since 01/12/2017

DIRECTOR

BRITISH · UNITED KINGDOM · Age 66

Also on 2 other boards

Persons with Significant Control

Pug Group Limited

75–100% shares
75–100% votes

Picton House, Bailey Court, Swansea, SA5 4DE

Reg: 11579959 · The Register Of Companies For England And Wales · Limited Company

Notified 31/03/2021

Former PSCs

Mr Matthew Evan Powell

Ceased 31/03/2021

Mr Morgan Rhys Powell

Ceased 31/03/2021

Miss Kelsey Powell

Ceased 31/03/2021

CompanyRankvs 23868+ SIC 43220 peers
48

Financial strength2th percentile among SIC peers · 1/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.94× · 6/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
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23868Heatsource (Wales) Limited
43
How is this score calculated?
Financial strength1/25 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.

Liquidity6/20 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.

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

-£57k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£55k

Working capital

Current Assets

£798k

Current Liabilities

£854k

3avg. employees

Balance Sheet

Assets less current liabilities-£55k
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20250.94-£2k
20240.93-£16k
20230.78+£2k
20220.87-£941
20211.02—

Derived from filed accounts. Not audited figures.