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First Explorers Ltd

09072586

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

22 BEACON LANE, GRANTHAM, NG31 9DF
Incorporated 05/06/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

85100
Pre-primary education

Officers

Mr David Clifford Watson

director · Since 05/06/2014

RETIRED TEACHER

ENGLISH · ENGLAND · Age 72

Miss Gillian Watson

director · Since 05/06/2014

NURSERY MANAGER

ENGLISH · ENGLAND · Age 47

Persons with Significant Control

Mr David Clifford Watson

25–50% shares
25–50% votes

British · United Kingdom · Age 72

22, Beacon Lane, Grantham, NG31 9DF

Notified 24/08/2016

Miss Gillian Watson

25–50% shares
25–50% votes

British · England · Age 47

22, Beacon Lane, Grantham, NG31 9DF

Notified 24/08/2016

Charges2 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 21/08/2014Registered 23/08/2014
Charge
outstanding

BARCLAYS BANK PLC

Created 27/06/2014Registered 07/07/2014

CompanyRankvs 4482+ SIC 85100 peers
36

Financial strength47th percentile among SIC peers · 12/25
Employees8th percentile among SIC peers · 1/15
LiquidityCurrent ratio 0.55× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength12/25 pts

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

Employees1/15 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.

Longevity12/15 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 31/03/2025

Net Worth

£10k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£63k

Working capital

Current Assets

£77k

Current Liabilities

£139k

Fixed Assets

£309k

0avg. employees

Balance Sheet

Assets less current liabilities£246k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.55+£0
20250.55+£23k
20240.46+£19k
20230.42+£3k
20220.48-£30k
20210.68

Derived from filed accounts. Not audited figures.