Watercrown Reading Limited
11636187
Notable Risks
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 5 outstanding charges (-10)
Details
Compliance
Last accounts
31/10/2024
total exemption full
Next accounts due
29/07/2026
Confirmation statement
Last: 11/01/2026
Due 25/01/2027
Industry
Officers
director · Since 22/10/2018
DIRECTOR
AMERICAN · ENGLAND · Age 55
Also on 17 other boards
director · Since 22/10/2018
DIRECTOR
BRITISH · ENGLAND · Age 54
Also on 76 other boards
Persons with Significant Control
Watercrown Group Limited
69, Watermint Quay, London, N16 6DN
Reg: 11764020 · England · Limited Companey
Notified 01/09/2019
Charges5 outstanding
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AP PROPERTY FINANCE DAC
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CompanyRankvs 161825+ SIC 68100 peers18
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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 31/10/2023
Net Worth
-£589k
Balance sheet strength
Cash
£1k
Cash in the bank
Net Current Assets
-£2.9M
Working capital
Current Assets
£1.7M
Current Liabilities
£4.6M
Debtors
£1.7M
Profit After Tax
-£190k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.36 | -£190k |
| 2022 | 0.76 | -£72k |
| 2021 | 0.87 | +£105k |
| 2020 | 1.42 | -£334k |
| 2019 | 0.34 | — |
Derived from filed accounts. Not audited figures.