Westspring It Limited
10439950
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 13/12/2024
DIRECTOR
BRITISH · ENGLAND · Age 46
Also on 2 other boards
Persons with Significant Control
Former PSCs
Mr Jason Daniel Small
Ceased 01/08/2023
Mr Philip Edward Cater
Ceased 01/08/2023
Charges1 outstanding
HSBC UK BANK PLC
CompanyRankvs 45440+ SIC 62020 peers52
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2023
Net Worth
£13k
Balance sheet strength
Cash
£83k
Cash in the bank
Net Current Assets
-£56k
Working capital
Current Assets
£362k
Current Liabilities
£418k
Fixed Assets
£85k
Debtors
£279k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.87 | -£166k |
| 2022 | 1.49 | +£133k |
| 2021 | 1.36 | +£22k |
| 2020 | 1.19 | +£422 |
| 2019 | 1.12 | +£20k |
| 2018 | 0.89 | — |
Derived from filed accounts. Not audited figures.