Watts Garages (South East) Ltd
08359707
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 14/01/2013
SERVICE STATION RETAILER
ENGLISH · UNITED KINGDOM · Age 52
Persons with Significant Control
Mr Christian James Watts
English · England · Age 52
28 Wilton Road, Bexhill On Sea, TN40 1EZ
Notified 06/04/2016
Former PSCs
Mr Kevin Watts
Ceased 31/03/2024
Charges1 outstanding
BARCLAYS BANK PLC
CompanyRankvs 923+ SIC 47300 peers33
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated usefu
Key FinancialsYear ending 31/03/2025
Net Worth
£100
Balance sheet strength
Cash
£29k
Cash in the bank
Net Current Assets
£162k
Working capital
Current Assets
£215k
Current Liabilities
£53k
Fixed Assets
£1.1M
Debtors
£95k
Profit After Tax
£16k
Tax at Year End
Director Loans(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Est. Revenue |
|---|---|---|
| 2025 | 4.04 | — |
| 2024 | 2.41 | — |
| 2023 | 2.14 | — |
| 2022 | 26.44 | — |
| 2021 | 1.26 | — |
| 2020 | 1.66 | — |
| 2019 | 65.83 | £1.5M |
Derived from filed accounts. Not audited figures.