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Philip Watts Ltd

08798324

active
Private Limited Company
england wales
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 11 BYRON INDUSTRIAL ESTATE, NOTTINGHAM, NG5 7ER
Incorporated 02/12/2013

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 02/12/2025

Due 16/12/2026

On track

Industry

74100
Specialised design activities

Officers

Mr Philip James Rawson Watts

director · Since 02/12/2013

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 2 other boards

Mrs Rachel Elizabeth Watts

director · Since 02/12/2013

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 2 other boards

Persons with Significant Control

Mr Philip James Rawson Watts

25–50% shares
25–50% votes

British · England · Age 57

Unit 11, Byron Industrial Estate, Nottingham, NG5 7ER

Notified 06/04/2016

Mrs Rachel Elizabeth Watts

25–50% shares
25–50% votes

British · England · Age 57

Unit 11, Byron Industrial Estate, Nottingham, NG5 7ER

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 08/10/2020Registered 13/10/2020

CompanyRankvs 519+ SIC 74100 peers
78

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.74× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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519Philip Watts Ltd
87
How is this score calculated?
Financial strength25/25 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.

Longevity13/15 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 31/12/2024

Net Worth

£736k

Balance sheet strength

Cash

£977k

Cash in the bank

Net Current Assets

£741k

Working capital

Current Assets

£1.2M

Current Liabilities

£426k

Fixed Assets

£14k

Debtors

£170k

17avg. employees+1

Tax at Year End

Corp tax£72k

Balance Sheet

Intangible assets£1
Assets less current liabilities£755k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.74-£33k
20233.65+£42k
20214.20+£25k
20204.09-£129k
20193.65+£54k
20182.50—

Derived from filed accounts. Not audited figures.