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Pete Watson Limited

13908439

active
Private Limited Company
Companies House
Health Score
62 / 100

Some Concerns

30/30
Filing
0/30
Financial
32/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

10 FERNWOOD ROAD, NEWCASTLE UPON TYNE, NE2 1TT
Incorporated 10/02/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate
70229
Management consultancy activities

Officers

Mr Peter Thomas Watson

secretary · Since 10/02/2022

Also on 3 other boards

Mr Peter Thomas Watson

director · Since 10/02/2022

DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 3 other boards

Persons with Significant Control

Peter Thomas Watson

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

English · United Kingdom · Age 46

10, Fernwood Road, Newcastle Upon Tyne, NE2 1TT

Notified 10/02/2022

Charges4 outstanding

Charge
outstanding

PARAGON BANK PLC

Created 23/02/2026Registered 23/02/2026
Charge
outstanding

PARAGON BANK PLC

Created 28/11/2025Registered 04/12/2025
Charge
outstanding

KENSINGTON MORTGAGE COMPANY LIMITED (COMPANY NUMBER: 3049877)

Created 03/01/2024Registered 04/01/2024
Charge
outstanding

HAMPSHIRE TRUST BANK PLC

Created 11/09/2023Registered 02/10/2023
Charge
satisfied

KENSINGTON MORTGAGE COMPANY LIMITED

Created 23/06/2023Registered 23/06/2023Satisfied 17/12/2025

CompanyRankvs 177024+ SIC 68100 peers
15

Financial strength2th percentile among SIC peers · 1/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees3/15 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.

Longevity4/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 28/02/2025

Net Worth

-£267k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£660k

Working capital

Current Assets

£262

Current Liabilities

£663k

Fixed Assets

£473k

0avg. employees-1

Balance Sheet

Assets less current liabilities-£187k
Prepared with v2025.74.1 micro_entity_frs_105_v1_1_3 filing

EstimatesDerived

YearCurrent RatioImplied Profit
20250.00-£69k
20240.03-£94k
20230.13

Derived from filed accounts. Not audited figures.