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Somerset Frames Limited

11042398

active
ltd
england wales
Companies House
Health Score
75 / 100

Some Concerns

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

Details

Somerset Frames, 17 Sadler Street, Wells, BA5 2RR
Incorporated 01/11/2017

Previously known as

Armandine Gallery (Wells) Limited · until 29/10/2021

Compliance

Last accounts

29/12/2024

total exemption full

Next accounts due

29/09/2026

On track

Confirmation statement

Last: 31/10/2025

Due 14/11/2026

On track

Industry

47789
Other retail sale of new goods in specialised stores

Officers

Christopher John Goodwin

director · Since 01/11/2017

British · England · Age 42

Nicholas James

director · Since 01/11/2017

British · England · Age 54

Former

Anna May Goodwin

secretary · Resigned 08/09/2022

Anna May Goodwin

director · Resigned 08/09/2022

Jeremy Hugh Goodwin

director · Resigned 08/09/2022

Persons with Significant Control

Mr Nicholas James

25–50% shares
25–50% votes

British · England · Age 54

Somerset Frames, 17 Sadler Street, Wells, BA5 2RR

Notified 01/11/2017

Christopher John Goodwin

25–50% shares
25–50% votes

British · England · Age 42

D H James, 3 Sadler Street, Wells, BA5 2RR

Notified 01/02/2022

Former PSCs

Mrs Anna May Goodwin

Ceased 01/02/2022

Change History

officer appointedGOODWIN, Christopher John
2026-06-06
officer appointedJAMES, Nicholas
2026-06-06
statusactive
2026-06-06

Active

typeltd
2026-06-06

Private Limited Company

address line1Somerset Frames
2026-06-06

SOMERSET FRAMES

post townWells
2026-06-06

WELLS

CompanyRankvs 4794+ SIC 47789 peers
57

Financial strength60th percentile among SIC peers · 15/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.89× · 6/20
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 strength15/25 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.

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

Key FinancialsYear ending 29/12/2024

Net Worth

£13k

Balance sheet strength

Cash

£7k

Cash in the bank

Net Current Assets

-£5k

Working capital

Current Assets

£46k

Current Liabilities

£51k

Fixed Assets

£22k

Debtors

£2k

6avg. employees+1

Balance Sheet

Bank loans & overdrafts£3k
Assets less current liabilities£17k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.89-£1k
20231.26+£6k
20221.17+£215
20211.23-£5k
20201.80+£508
20191.48+£819
20181.41

Derived from filed accounts. Not audited figures.