Back to search

Mwat Limited

09960232

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

3 CASTLEGATE, GRANTHAM, NG31 6SF
Incorporated 20/01/2016

Compliance

Last accounts

31/01/2025

total exemption full

Next accounts due

31/10/2026

On track

Confirmation statement

Last: 20/01/2026

Due 03/02/2027

On track

Industry

35110
Production of electricity
41100
Development of building projects

Officers

Mr Andrew James Watkin

director · Since 20/01/2016

CHARTERED SURVEYOR

BRITISH · ENGLAND · Age 59

Also on 11 other boards

Persons with Significant Control

Mr Andrew James Watkin

75–100% shares
75–100% votes

British · England · Age 59

3 Castlegate, Grantham, NG31 6SF

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

CLOSE LEASING LIMITED

Created 01/07/2022Registered 06/07/2022
Charge
outstanding

CLOSE LEASING LIMITED

Created 23/04/2021Registered 27/04/2021

CompanyRankvs 1936+ SIC 35110 peers
42

Financial strength5th percentile among SIC peers · 1/25
Employees66th percentile among SIC peers · 10/15
LiquidityCurrent ratio 1.51× · 16/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
How is this score calculated?
Financial strength1/25 pts

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

Employees10/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity10/15 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 31/01/2025

Net Worth

-£457k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

£723k

Working capital

Current Assets

£2.1M

Current Liabilities

£1.4M

Fixed Assets

£903

Debtors

£1.7M

1avg. employees

Tax at Year End

VAT£1k

Director Loans

Company owes directors£537k

Balance Sheet

Assets less current liabilities£724k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251.51-£173k£21k
20241.60-£100k
20231.48-£65k
20221.62-£189k
20210.98+£3k
20201.11+£21k
20191.57

Derived from filed accounts. Not audited figures.