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Gwallace Flooring Ltd

11872024

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

16 PRIESTPOPPLE, HEXHAM, NE46 1PQ
Incorporated 09/03/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46470
Wholesale of furniture, carpets and lighting equipment

Officers

Mr Gary Wallace

director · Since 09/03/2019

CARPET FITTER

BRITISH · UNITED KINGDOM · Age 58

Also on 2 other boards

Miss Kirsty Elizabeth Wallace

director · Since 11/09/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 33

Also on 2 other boards

Miss Amy Wallace

director · Since 01/12/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 29

Persons with Significant Control

Mr Gary Wallace

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 58

16, Priestpopple, Hexham, NE46 1PQ

Notified 09/03/2019

Miss Kirsty Elizabeth Wallace

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 33

16, Priestpopple, Hexham, NE46 1PQ

Notified 11/09/2023

Miss Amy Wallace

25–50% shares
25–50% votes
Appoint directors

British · England · Age 29

16, Priestpopple, Hexham, NE46 1PQ

Notified 01/12/2023

CompanyRankvs 1374+ SIC 46470 peers
45

Financial strength16th percentile among SIC peers · 4/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.89× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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1374Gwallace Flooring Ltd
41
How is this score calculated?
Financial strength4/25 pts

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

Employees13/15 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.

Longevity7/15 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 31/03/2025

Net Worth

-£4k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

-£7k

Working capital

Current Assets

£61k

Current Liabilities

£69k

Fixed Assets

£27k

Debtors

£29k

6avg. employees+1

Tax at Year End

VAT£12k

Director Loans

Directors owe company£3k

Balance Sheet

Assets less current liabilities£20k
Signed by Mr Gary Wallace 01/12/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.89-£13k£235k
20241.07—£212k
20230.80—£13k
20223.24-£6k—
20213.41+£3k—

Derived from filed accounts. Not audited figures.