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Proper Watch Ltd

13309131

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

EAGLE HOUSE, COVENTRY, CV1 3EG
Incorporated 01/04/2021

Compliance

Last accounts

30/04/2025

micro entity

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 31/03/2026

Due 14/04/2027

On track

Industry

47770
Retail sale of watches and jewellery in specialised stores

Officers

Mr Louis Patrick Gormley

director · Since 01/04/2021

SALES

BRITISH · ENGLAND · Age 33

Persons with Significant Control

Mr Louis Patrick Gormley

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

British · England · Age 33

51, Dickens Road, Coventry, CV6 2JQ

Notified 01/04/2021

CompanyRankvs 4325+ SIC 47770 peers
35

Financial strength12th percentile among SIC peers · 3/25
Employees38th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.78× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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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.

Employees6/15 pts

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

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity5/15 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 30/04/2025

Net Worth

-£7k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£7k

Working capital

Current Assets

£26k

Current Liabilities

£33k

Fixed Assets

£0

1avg. employees

Balance Sheet

Assets less current liabilities-£7k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.78
20241.00
20231.19+£1k
20222.14

Derived from filed accounts. Not audited figures.