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Overwerx Ltd

12403501

active
Private Limited Company
england wales
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)
  • Going concern doubt noted in accounts (-10)

Details

C/O XL ASSOCIATES HAZARA HOUSE, WOLVERHAMPTON, WV2 3AA
Incorporated 14/01/2020

Compliance

Last accounts

27/02/2025

group

Next accounts due

27/11/2026

On track

Confirmation statement

Last: 13/01/2026

Due 27/01/2027

On track

Industry

30300
Manufacture of air and spacecraft and related machinery
71129
Other engineering activities
72190
Other research and experimental development on natural sciences and engineering

Officers

Mr Andrew George Michael

director · Since 14/01/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Also on 18 other boards

Mr Richard Kevin Smith

director · Since 03/11/2022

DIRECTOR

BRITISH · ENGLAND · Age 65

Also on 2 other boards

Mrs Harminder Kaur Chahal

director · Since 30/01/2023

ACCOUNTANT

BRITISH · ENGLAND · Age 51

Also on 13 other boards

Persons with Significant Control

Mr Andrew George Michael

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

British · United Kingdom · Age 42

C/O Xl Associates, Hazara House, Wolverhampton, WV2 3AA

Notified 14/01/2020

Former PSCs

Mr Jeffrey Hill

Ceased 25/01/2021

CompanyRankvs 88+ SIC 30300 peers
62

Financial strength99th percentile among SIC peers · 25/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.16× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees13/15 pts

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

Liquidity12/20 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

Going concern doubt: -10 pts

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

Going Concern Doubt

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 27/02/2024

Net Worth

£15.9M

Balance sheet strength

Cash

£14.6M

Cash in the bank

Net Current Assets

£628k

Working capital

Current Assets

£4.5M

Current Liabilities

£3.9M

Fixed Assets

£22k

Debtors

£3.3M

Cost of Sales

£5.0M

Admin Expenses

£4.4M

Profit After Tax

£5.0M

4avg. employees+2

Tax at Year End

Corp tax£1.7M

People Costs

Wages & salaries£2.0M

Balance Sheet

Intangible assets£92k
Assets less current liabilities£650k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.16+£11.1M
20233.60—

Derived from filed accounts. Not audited figures.