Water System Management Ltd
13456560
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 15/06/2021
DIRECTOR
BRITISH · ENGLAND · Age 34
Also on 3 other boards
Persons with Significant Control
Mr Paresh Dhanji Vaghjiyani
British · England · Age 34
6, Oak Gardens, Edgware, HA8 5LF
Notified 15/06/2021
CompanyRankvs 36614+ SIC 43220 peers27
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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 30/06/2025
Net Worth
-£68k
Balance sheet strength
Cash
£1k
Cash in the bank
Net Current Assets
-£77k
Working capital
Current Assets
£104k
Current Liabilities
£181k
Fixed Assets
£10k
Debtors
£28k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.58 | -£47k |
| 2024 | 0.80 | +£6k |
| 2023 | 0.23 | -£13k |
| 2022 | 0.01 | — |
Derived from filed accounts. Not audited figures.