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Watersync Ltd

12281251

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

HYDROCO LTD LANGSTONE PARK, HAVANT, PO9 1SA
Incorporated 25/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70229
Management consultancy activities

Officers

Mr Andrew James Aung

director · Since 25/10/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 45

Also on 6 other boards

Mr Richard William Barnes

director · Since 25/10/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 45

Also on 1 other board

Mr William Tracey

director · Since 25/10/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 1 other board

Persons with Significant Control

Mr William Tracey

25–50% shares

British · United Kingdom · Age 49

Hydroco Ltd, Langstone Park, Havant, PO9 1SA

Notified 25/10/2019

Mr Andrew James Aung

25–50% shares

British · United Kingdom · Age 45

Hydroco Ltd, Langstone Park, Havant, PO9 1SA

Notified 25/10/2019

Mr Richard William Barnes

25–50% shares

British · United Kingdom · Age 45

Hydroco Ltd, Langstone Park, Havant, PO9 1SA

Notified 25/10/2019

CompanyRankvs 147039+ SIC 70229 peers
37

Financial strength3th percentile among SIC peers · 1/25
Employees92th percentile among SIC peers · 14/15
LiquidityNo balance sheet data · 0/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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147039Watersync Ltd
36
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.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity0/20 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 31/10/2024

Net Worth

-£40k

Balance sheet strength

Cash

£9k

Cash in the bank

Net Current Assets

-£40k

Working capital

Current Assets

—

Current Liabilities

£49k

3avg. employees

Tax at Year End

VAT£6k

Balance Sheet

Bank loans & overdrafts£947k
Assets less current liabilities£907k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
2024—-£11k£119k
2023—+£1k£119k
20220.38-£60k—
20210.45+£29k—
20200.96——

Derived from filed accounts. Not audited figures.