Walstead York Limited
13951156
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 05/08/2024
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 9 other boards
Persons with Significant Control
Walstead United Kingdom Limited
18, Westside Centre, Colchester, CO3 8PH
Reg: 06750402 · Uk Register Of Companies · Private Company Limited By Shares
Notified 03/03/2022
Charges2 outstanding
CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)
CLOSE BROTHERS LIMITED
CompanyRankvs 5460+ SIC 18129 peers16
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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
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙ assess the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and ∙ use the going concern basis of accounting unless they either intend to liquidate the Company or to cease operations, or
Key FinancialsYear ending 31/12/2024
Turnover
£7.3M
Annual revenue
Net Worth
-£2.2M
Balance sheet strength
Cash
£366k
Cash in the bank
Profit Before Tax
-£259k
Bottom line earnings
Net Current Assets
-£2.1M
Working capital
Current Assets
£1.4M
Current Liabilities
£3.5M
Fixed Assets
£1.4M
Debtors
£949k
Cost of Sales
£6.5M
Gross Profit
£767k
Admin Expenses
£743k
Operating Profit
£18k
Profit After Tax
-£154k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.40 | -£154k |
| 2023 | 0.68 | — |
Derived from filed accounts. Not audited figures.