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Upholstery Techniques (Winchcombe) Limited

12238514

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

4TH FLOOR LLANTHONY WAREHOUSE, GLOUCESTER, GL1 2EH
Incorporated 02/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31090
Manufacture of other furniture

Officers

Mr Philip John Timings

director · Since 02/10/2019

DIRECTOR

BRITISH · ENGLAND · Age 78

Also on 2 other boards

Mr Sam Philip Timings

director · Since 02/10/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Persons with Significant Control

Mr Philip John Timings

25–50% shares
25–50% votes

British · England · Age 78

4th Floor, Llanthony Warehouse, Gloucester, GL1 2EH

Notified 02/10/2019

Mr Sam Philip Timings

25–50% shares
25–50% votes

British · United Kingdom · Age 48

4th Floor, Llanthony Warehouse, Gloucester, GL1 2EH

Notified 02/10/2019

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 05/01/2021Registered 14/01/2021

CompanyRankvs 2970+ SIC 31090 peers
40

Financial strength79th percentile among SIC peers · 20/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.86× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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45
How is this score calculated?
Financial strength20/25 pts

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

Employees2/15 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.

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

£54k

Balance sheet strength

Cash

£44k

Cash in the bank

Net Current Assets

-£27k

Working capital

Current Assets

£170k

Current Liabilities

£197k

Fixed Assets

£95k

Debtors

£77k

0avg. employees-21

Tax at Year End

Corp tax£33k

Balance Sheet

Intangible assets£18k
Assets less current liabilities£68k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.86-£49k
20241.15+£4k
20231.22+£86k
20220.84+£18k
20210.87-£20k
20204.95—

Derived from filed accounts. Not audited figures.