Pete Watson Limited
13908439
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 4 outstanding charges (-8)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 10/02/2022
DIRECTOR
BRITISH · ENGLAND · Age 46
Also on 3 other boards
Persons with Significant Control
Peter Thomas Watson
English · United Kingdom · Age 46
10, Fernwood Road, Newcastle Upon Tyne, NE2 1TT
Notified 10/02/2022
Charges4 outstanding
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CompanyRankvs 177024+ SIC 68100 peers15
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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.
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
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.00 | -£69k |
| 2024 | 0.03 | -£94k |
| 2023 | 0.13 | — |
Derived from filed accounts. Not audited figures.