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Whitburn Steel Licensed Restaurant Ltd

13040008

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)
  • Current liabilities exceed current assets (-10)

Details

172 ALBERT ROAD, JARROW, NE32 5JA
Incorporated 24/11/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants

Officers

Mr Neil Bassett

director · Since 24/11/2020

DIRECTOR

ENGLISH · UNITED KINGDOM · Age 54

Also on 1 other board

Persons with Significant Control

Mr Benjamin Wall

25–50% shares
25–50% votes

British · United Kingdom · Age 48

172, Albert Road, Jarrow, NE32 5JA

Notified 24/11/2020

Mr Neil Bassett

25–50% shares
25–50% votes

English · United Kingdom · Age 54

172, Albert Road, Jarrow, NE32 5JA

Notified 24/11/2020

CompanyRankvs 20718+ SIC 56101 peers
39

Financial strength12th percentile among SIC peers · 3/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.14× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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20718Whitburn Steel Licensed Restaurant Ltd
38
How is this score calculated?
Financial strength3/25 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.

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.

Longevity6/15 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 30/11/2024

Net Worth

-£62k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£63k

Working capital

Current Assets

£11k

Current Liabilities

£74k

Fixed Assets

£2k

Debtors

£3k

20avg. employees+11

Tax at Year End

VAT£41k

Director Loans

Company owes directors£12k

Balance Sheet

Assets less current liabilities-£61k
Signed by Mr Ben Wall 25/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.14-£34k£823k
20230.43—£525k

Derived from filed accounts. Not audited figures.