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Wateread Limited

14018751

active
Private Limited Company
Companies House
Health Score
60 / 100

Some Concerns

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

Details

69 WATERMINT QUAY, LONDON, N16 6DN
Incorporated 01/04/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Alexander Mordecai Freshwater

director · Since 01/04/2022

COMPANY DIRECTOR

AMERICAN · ENGLAND · Age 55

Also on 43 other boards

Mr Hersch Schneck

director · Since 01/04/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 76 other boards

Persons with Significant Control

Watercrown Group Limited

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

69, Watermint Quay, London, N16 6DN

Reg: 11764020 · Uk Register Of Companies · Private Company Limited By Shares

Notified 01/04/2022

Charges5 outstanding

Charge
outstanding

CHARLES STREET COMMERCIAL INVESTMENTS LIMITED

Created 19/02/2025Registered 24/02/2025
Charge
outstanding

ARBUTHNOT LATHAM & CO., LIMITED

Created 10/10/2024Registered 25/10/2024
Charge
outstanding

ARBUTHNOT LATHAM & CO., LIMITED

Created 10/10/2024Registered 25/10/2024
Charge
outstanding

JORDAN INTERNATIONAL BANK PLC

Created 21/06/2022Registered 21/06/2022
Charge
outstanding

JORDAN INTERNATIONAL BANK PLC

Created 21/06/2022Registered 21/06/2022

CompanyRankvs 294327+ SIC 68209 peers
19

Financial strength2th percentile among SIC peers · 1/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.83× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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294327Wateread Limited
25
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.

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.

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 30/04/2025

Net Worth

-£161k

Balance sheet strength

Cash

£33k

Cash in the bank

Net Current Assets

-£36k

Working capital

Current Assets

£175k

Current Liabilities

£212k

Debtors

£142k

Profit After Tax

£7k

0avg. employees

Balance Sheet

Assets less current liabilities£964k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.83+£7k
2024—-£63k

Derived from filed accounts. Not audited figures.