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Nethway Ltd

12033715

active
Private Limited Company
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

NETHWAY HOTEL, TORQUAY, TQ2 5JR
Incorporated 05/06/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

55100
Hotels and similar accommodation

Officers

Mrs Julie Kathleen Way

director · Since 05/06/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 60

Persons with Significant Control

Mrs Julie Kathleen Way

75–100% shares
75–100% votes
Appoint directors

British · England · Age 60

Nethway Hotel, Falkland Road, Torquay, TQ2 5JR

Notified 05/06/2019

Charges2 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 04/09/2019Registered 16/09/2019
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 30/07/2019Registered 07/08/2019

CompanyRankvs 8313+ SIC 55100 peers
26

Financial strength9th percentile among SIC peers · 2/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.06× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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8313Nethway Ltd
36
How is this score calculated?
Financial strength2/25 pts

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

Employees10/15 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.

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.

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 30/06/2025

Net Worth

-£147k

Balance sheet strength

Cash

£20k

Cash in the bank

Net Current Assets

-£699k

Working capital

Current Assets

£43k

Current Liabilities

£742k

Fixed Assets

£1.0M

Debtors

£12k

4avg. employees-5

Tax at Year End(2024)

VAT£26k

Director Loans(2024)

Company owes directors£621k

Balance Sheet

Assets less current liabilities£319k
Signed by Mrs Julie Way 10/04/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.06+£26k—
20240.04-£26k£513k
20230.04-£35k£282k
20220.05-£5k£147k
20210.07—£187k

Derived from filed accounts. Not audited figures.