Turtle Wax Europe Limited
09146410
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
30/09/2026
Confirmation statement
Last: 01/06/2025
Due 15/06/2026
Industry
Officers
director · Since 01/04/2020
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 68
Also on 1 other board
Persons with Significant Control
Turtle Wax, Inc.
948, Springer Drive, Lombard, 60148
Reg: 9169977 · Illinois Secretary Of State · Illinois Corporation (S Corp.)
Notified 06/04/2016
Former PSCs
Mrs Sondra Anita Healy
Ceased 30/05/2024
Charges4 outstanding
WELLS FARGO BANK, NATIONAL ASSOCIATION, LONDON BRANCH
WELLS FARGO BANK, NATIONAL ASSOCIATION, LONDON BRANCH
WELLS FARGO BANK, NATIONAL ASSOCIATION, LONDON BRANCH
WELLS FARGO BANK, NATIONAL ASSOCIATION, LONDON BRANCH
BIBBY FINANCIAL SERVICES LIMITED (AS SECURITY TRUSTEE)
BANK OF AMERICA N.A.,
BANK OF AMERICA N.A
BANK OF AMERICA, N.A
CompanyRankvs 12141+ SIC 70100 peers27
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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
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
-£2.2M
Balance sheet strength
Cash
£1.2M
Cash in the bank
Net Current Assets
-£1.7M
Working capital
Current Assets
£10.9M
Current Liabilities
£12.6M
Fixed Assets
£17k
Debtors
£6.3M
Cost of Sales
£13.7M
Admin Expenses
£4.5M
Profit After Tax
£383k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.86 | +£500k |
| 2023 | 0.84 | — |
Derived from filed accounts. Not audited figures.