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Westcotes Development Limited

10530606

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 11 outstanding charges (-10)

Details

63 REGENT ROAD, LEICESTER, LE1 6YF
Incorporated 17/12/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Nicholas Robert Morris

director · Since 17/12/2016

DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 5 other boards

Mr Henry James Witcomb

director · Since 17/12/2016

DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 3 other boards

Persons with Significant Control

Mr Nicholas Robert Morris

25–50% votes

British · England · Age 41

63, Regent Road, Leicester, LE1 6YF

Notified 17/12/2016

Mr Henry James Witcomb

25–50% votes

British · England · Age 61

63, Regent Road, Leicester, LE1 6YF

Notified 17/12/2016

Charges11 outstanding

Charge
outstanding

VIDA BANK LIMITED

Created 08/04/2026Registered 08/04/2026
Charge
outstanding

PARAGON BANK PLC

Created 14/10/2025Registered 14/10/2025
Charge
outstanding

KENSINGTON MORTGAGE COMPANY LIMITED

Created 09/07/2025Registered 14/07/2025
Charge
outstanding

KENSINGTON MORTGAGE COMPANY LIMITED

Created 10/01/2025Registered 16/01/2025
Charge
satisfied

KENSINGTON MORTGAGE COMPANY LIMITED

Created 10/01/2025Registered 10/01/2025Satisfied 16/01/2025
Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LIMITED

Created 29/08/2024Registered 29/08/2024
Charge
outstanding

BELMONT GREEN FINANCE LIMITED

Created 10/09/2021Registered 13/09/2021
Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LIMITED

Created 07/04/2021Registered 07/04/2021
Charge
outstanding

CHARTER COURT FINANCIAL SERVICE LIMITED

Created 07/04/2021Registered 07/04/2021
Charge
satisfied

CHARTER COURT FINANCIAL SERVICES LIMITED TRADING AS PRECISE MORTGAGES

Created 20/08/2020Registered 21/08/2020Satisfied 14/10/2025
Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LTD TRADING AS PRECISE MORTGAGES

Created 18/03/2020Registered 20/03/2020
Charge
satisfied

CHARTER COURT FINANCIAL SERVICES LIMITED TRADING AS PRECISE MORTGAGES

Created 07/01/2020Registered 14/01/2020Satisfied 10/01/2025
Charge
satisfied

KEYSTONE PROPERTY FINANCE LIMITED

Created 08/08/2019Registered 19/08/2019Satisfied 10/01/2023
Charge
satisfied

CHARTER COURT FINANCIAL SERVICES LIMITED TRADING AS PRECISE MORTGAGES

Created 08/08/2019Registered 14/08/2019Satisfied 01/07/2025
Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LIMITED TRADING AS PRECISE MORTGAGES

Created 10/06/2019Registered 13/06/2019
Charge
satisfied

CHARTER COURT FINANCIAL SERVICES LIMITED TRADING AS PRECISE MORTGAGES

Created 11/04/2019Registered 16/04/2019Satisfied 15/04/2024
Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LIMITED T/A PRECISE MORTGAGES

Created 27/11/2017Registered 29/11/2017

CompanyRankvs 57493+ SIC 68209 peers
56

Financial strength94th percentile among SIC peers · 24/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.74× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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57493Westcotes Development Limited
62
How is this score calculated?
Financial strength24/25 pts

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

Employees12/15 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.

Longevity9/15 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

£1.1M

Balance sheet strength

Cash

£36k

Cash in the bank

Net Current Assets

-£14k

Working capital

Current Assets

£39k

Current Liabilities

£53k

Fixed Assets

£3.6M

Debtors

£3k

2avg. employees

Balance Sheet

Assets less current liabilities£3.5M
Signed by Mr Nicholas Morris 29th April 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.74+£67k
20242.92+£899k
20231.83+£85k
20220.37+£129k
20210.78+£115k
202013.81-£144k
20191.33—

Derived from filed accounts. Not audited figures.