Back to search

The Watt Group (North East) Demolition Limited

12073743

active
Private Limited Company
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)
  • Negative net worth (-10)

Details

WYNARD PARK HOUSE WYNYARD AVENUE, BILLINGHAM, TS22 5TB
Incorporated 27/06/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43110
Demolition

Officers

Mr Derek William Watt

director · Since 27/06/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 2 other boards

Mrs Wendy Ann Watt

director · Since 27/06/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 2 other boards

Persons with Significant Control

Mr Derek William Watt

25–50% shares
25–50% votes

British · England · Age 56

3 Manorside, Wynyard, TS22 5SF

Notified 27/06/2019

Mrs Wendy Ann Watt

25–50% shares
25–50% votes

British · England · Age 57

3 Manorside, Wynyard, TS22 5SF

Notified 27/06/2019

CompanyRankvs 1300+ SIC 43110 peers
30

Financial strength2th percentile among SIC peers · 1/25
Employees34th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.4× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1John Beech Limited
90
2Weaver Demolition Limited
90
3City Demolition Contractors (Birmingham) Limited
90
4G & A M Lawson Limited
90
5Armac Demolition Limited
90
6Bradley Demolition Limited
90
7S Evans & Sons Limited
90
8Bath Demolition Limited
90
9Cnc Group Holdings Limited
90
10G Farwell Limited
89
1300The Watt Group (North East) Demolition Limited
30
How is this score calculated?
Financial strength1/25 pts

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

Employees5/15 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

-£96k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£96k

Working capital

Current Assets

£63k

Current Liabilities

£160k

1avg. employees+1

Balance Sheet

Assets less current liabilities-£96k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.40
20230.33
20220.33
20210.33

Derived from filed accounts. Not audited figures.