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Watts Reed Limited

11367000

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • 6 outstanding charges (-10)

Details

SUITE 2D BUILDING 1 EASTERN BUSINESS PARK, CARDIFF, CF3 5EA
Incorporated 17/05/2018

Compliance

Last accounts

31/05/2025

total exemption full

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 28/05/2025

Due 11/06/2026

On track

Industry

47730
Dispensing chemist in specialised stores

Officers

Mr Justin James Reed

director · Since 17/05/2018

DIRECTOR

BRITISH · WALES · Age 56

Also on 3 other boards

Mrs Victoria Reed

director · Since 17/05/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Mr Nikki Watts

director · Since 17/05/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 47

Mrs Rebecca Tammy Suzanne Watts

director · Since 17/05/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 2 other boards

Persons with Significant Control

Williams, Jenkins And Watts Holding Limited

25–50% shares
25–50% votes

Suite 2d, Building 1, Eastern Business Park, St Mellons, CF3 5EA

Reg: 16200943 · Companies House · Private Limited Company

Notified 06/10/2025

Jj & Vj Reed Holdings Limited

25–50% shares
25–50% votes

Porthcawl Pharmacy, Porthcawl Medical Centre, Clos Y Mametz, Porthcawl, CF36 5DJ

Reg: 16628119 · Companies House · Private Limited Company

Notified 04/02/2026

Former PSCs

Jj & Vj Reed Ltd

Ceased 04/02/2026

D.R. Cecil Jones & Son Limited

Ceased 06/10/2025

Charges6 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 26/01/2026Registered 27/01/2026
Charge
outstanding

LLOYDS BANK PLC

Created 18/06/2025Registered 18/06/2025
Charge
outstanding

LLOYDS BANK PLC

Created 18/06/2025Registered 18/06/2025
Charge
satisfied

LLOYDS BANK PLC

Created 19/07/2019Registered 19/07/2019Satisfied 23/07/2025
Charge
outstanding

LLOYDS BANK PLC

Created 01/11/2018Registered 07/11/2018
Charge
outstanding

LLOYDS BANK PLC

Created 01/11/2018Registered 07/11/2018
Charge
outstanding

LLOYDS BANK PLC

Created 01/11/2018Registered 02/11/2018

CompanyRankvs 3548+ SIC 47730 peers
35

Financial strength85th percentile among SIC peers · 21/25
Employees9th percentile among SIC peers · 1/15
LiquidityNo balance sheet data · 0/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength21/25 pts

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

Employees1/15 pts

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

Liquidity0/20 pts

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

Longevity8/15 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 31/05/2025

Net Worth

£542k

Balance sheet strength

Cash

£50k

Cash in the bank

Net Current Assets

-£24k

Working capital

Current Assets

Current Liabilities

£74k

0avg. employees

Director Loans(2022)

Directors owe company£100

Balance Sheet

Assets less current liabilities£1.3M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
2025+£0
2025+£118k
20240.36+£47k
20230.30+£87k
20220.32+£95k
20210.14+£84k
20200.13+£124k
20190.01

Derived from filed accounts. Not audited figures.