Back to search

Watt Electric Vehicle Company Limited

12294861

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

1C ST. COLUMB INDUSTRIAL ESTATE, ST. COLUMB, TR9 6SF
Incorporated 04/11/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

29100
Manufacture of motor vehicles

Officers

Mr Neil Yates

director · Since 04/11/2019

DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 2 other boards

Mr Robert Ritchie Mustard

director · Since 15/11/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 4 other boards

Mr Alan John Hoare

director · Since 22/11/2024

HEAD OF COMMERCIAL OPERATIONS

BRITISH · ENGLAND · Age 44

Also on 3 other boards

Persons with Significant Control

Watt Ev Holdings Limited

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

Unit 5 Abbey View Park, Abbey View Road, Pershore, WR10 2FW

Reg: 13745916 · England And Wales · Private Company Limited By Shares

Notified 29/04/2022

Former PSCs

Mr Neil Yates

Ceased 29/04/2022

Charges2 outstanding

Charge
outstanding

NORRICE FINANCE LIMITED

Created 31/03/2026Registered 02/04/2026
Charge
outstanding

NORRICE FINANCE LIMITED

Created 25/09/2025Registered 15/10/2025
Charge
satisfied

NORRICE FINANCE LIMITED

Created 30/06/2025Registered 18/07/2025Satisfied 28/10/2025
Charge
satisfied

NORRICE FINANCE LIMITED

Created 23/01/2025Registered 28/01/2025Satisfied 27/06/2025
Charge
satisfied

NORRICE FINANCE LIMITED

Created 20/08/2024Registered 06/09/2024Satisfied 27/06/2025

CompanyRankvs 515+ SIC 29100 peers
29

Financial strength1th percentile among SIC peers · 0/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
How is this score calculated?
Financial strength0/25 pts

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

Employees15/15 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 30/09/2024

Net Worth

-£2.5M

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£2.2M

Working capital

Current Assets

£44k

Current Liabilities

£2.2M

Fixed Assets

£31k

Debtors

£40k

24avg. employees+7

Balance Sheet

Assets less current liabilities-£2.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.02-£1.5M
20230.08-£823k
20220.27-£210k
20214.41

Derived from filed accounts. Not audited figures.