Water Recovery Systems Ip Limited
12650778
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/06/2021
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 3 other boards
Persons with Significant Control
Mr Christopher Joseph Steele
British · United Kingdom · Age 61
80, Cheapside, London, EC2V 6EE
Notified 09/06/2021
Former PSCs
Mr Adrian Fraine
Ceased 26/05/2021
Mr Timothy Clarke
Ceased 26/05/2021
Mr Kylie Wolfe
Ceased 09/06/2021
CompanyRankvs 360+ SIC 77400 peers61
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 30/06/2024
Net Worth
£380k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£284k
Working capital
Current Assets
£227k
Current Liabilities
£511k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.44 | +£354k |
| 2023 | 4.21 | — |
Derived from filed accounts. Not audited figures.