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Xwatts Ltd

14271436

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

THE BRADFIELD CENTRE, CAMBRIDGE, CB4 0GA
Incorporated 02/08/2022

Compliance

Last accounts

31/08/2025

total exemption full

Next accounts due

31/05/2027

On track

Confirmation statement

Last: 01/08/2025

Due 15/08/2026

On track

Industry

62012
Business and domestic software development
71129
Other engineering activities
72190
Other research and experimental development on natural sciences and engineering

Officers

Mr Yigit Akar

director · Since 02/08/2022

DIRECTOR

TURKISH · ENGLAND · Age 37

Also on 1 other board

Mr Alexander Allen

director · Since 02/08/2022

DIRECTOR

BRITISH · ENGLAND · Age 34

Also on 3 other boards

Mr Malcolm Arthur Brinded

director · Since 01/01/2024

NON-EXECUTIVE DIRECTOR

BRITISH · ENGLAND · Age 73

Mr. Alexander Chilvers

director · Since 28/04/2026

BRITISH · SPAIN · Age 36

Persons with Significant Control

Mr Yigit Akar

25–50% shares
25–50% votes
Appoint directors

Turkish · England · Age 37

The Bradfield Centre, 184 Cambridge Science Park, Milton Road, Cambridge, CB4 0GA

Notified 02/08/2022

Mr Alexander Allen

25–50% shares
25–50% votes
Appoint directors

British · England · Age 34

20, Broad Acres, Wolverhampton, WV9 5AG

Notified 02/08/2022

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 05/06/2025Registered 10/06/2025

CompanyRankvs 6271+ SIC 62012 peers
66

Financial strength93th percentile among SIC peers · 23/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 5.2× · 20/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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6271Xwatts Ltd
75
How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 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 31/08/2025

Net Worth

£317k

Balance sheet strength

Cash

£276k

Cash in the bank

Net Current Assets

£306k

Working capital

Current Assets

£378k

Current Liabilities

£73k

Fixed Assets

£11k

Debtors

£102k

5avg. employees+1

Tax at Year End

VAT£2k

Director Loans

Company owes directors£4k

Balance Sheet

Assets less current liabilities£317k
Signed by Mr Yigit Akar 3 November 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20255.20-£471k£45k
202426.01+£896k—
202325.31——

Derived from filed accounts. Not audited figures.