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Southwest Bars & Events Limited

09597685

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

WOODBINE FARM BUSINESS CENTRE TRURO BUSINESS PARK, TRURO, TR3 6BW
Incorporated 19/05/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56302
Public houses and bars

Officers

Mr Timothy Mark Vigus

director · Since 19/05/2015

DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 13 other boards

Persons with Significant Control

Mr Timothy Mark Vigus

75–100% shares
75–100% votes
Appoint directors

British · England · Age 60

Woodbine Farm Business Centre, Truro Business Park, Truro, TR3 6BW

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 18/04/2024Registered 25/04/2024
Charge
outstanding

LLOYDS BANK PLC

Created 03/04/2024Registered 05/04/2024

CompanyRankvs 433+ SIC 56302 peers
73

Financial strength93th percentile among SIC peers · 23/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.51× · 20/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 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.

Longevity11/15 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 28/02/2025

Net Worth

£276k

Balance sheet strength

Cash

£107k

Cash in the bank

Net Current Assets

£214k

Working capital

Current Assets

£356k

Current Liabilities

£142k

Fixed Assets

£190k

Debtors

£242k

25avg. employees+4

Balance Sheet

Assets less current liabilities£404k
Signed by 09597685 2024-03-01 2025-02-28 09597685 2025-02-28 09597685 bus: 1 1 2025-02-28 09597685 bus:OrdinaryShareClass1 2025-02Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20252.51-£156k
20242.52+£130k
20232.39+£129k
20221.64+£217k
2021-£60k
20200.06+£6k
20190.61

Derived from filed accounts. Not audited figures.