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Watr Limited

11026072

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 16 HETHEL INNOVATION CENTRE, NORWICH, NR14 8FB
Incorporated 23/10/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71200
Technical testing and analysis

Officers

Mr Glyn Cotton

secretary · Since 23/10/2017

Mr Glyn Philip Cotton

director · Since 23/10/2017

FOUNDER

BRITISH · ENGLAND · Age 40

Also on 2 other boards

Mr Daniel Sean Jones

director · Since 23/10/2017

CHIEF PRODUCT OFFICER

BRITISH · UNITED KINGDOM · Age 38

Mr Scott Alan Porter

director · Since 23/10/2017

CHIEF TECHNICAL OFFICER

BRITISH · ENGLAND · Age 57

Also on 2 other boards

Mr Nicholas Anthony Thompson

director · Since 01/11/2019

CHIEF MARKETING OFFICER

BRITISH · ENGLAND · Age 61

Also on 2 other boards

Persons with Significant Control

Former PSCs

Mr Glyn Philip Cotton

Ceased 17/06/2024

CompanyRankvs 3982+ SIC 71200 peers
40

Financial strength1th percentile among SIC peers · 0/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.26× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength0/25 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.

Liquidity2/20 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/05/2024

Net Worth

-£568k

Balance sheet strength

Cash

£97k

Cash in the bank

Net Current Assets

-£711k

Working capital

Current Assets

£252k

Current Liabilities

£964k

Fixed Assets

£403k

Debtors

£41k

7avg. employees-1

Tax at Year End(2020)

Corp tax£684

Director Loans(2020)

Directors owe company£2k

Balance Sheet

Intangible assets£383k
Assets less current liabilities-£308k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.26-£215k
20230.36-£158k
20220.63-£324k
20211.07—
20200.49—
20190.14—

Derived from filed accounts. Not audited figures.