Back to search

Worksafe Systems Ltd

15224999

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

182 VICTORIA ROAD, READING, RG10 8AJ
Incorporated 20/10/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28220
Manufacture of lifting and handling equipment

Officers

Mrs Cynthia Ann Knight

director · Since 20/10/2023

DIRECTOR

AMERICAN · ENGLAND · Age 73

Also on 3 other boards

Mr Geoffrey Philip Knight

director · Since 20/10/2023

DESIGNER

BRITISH · ENGLAND · Age 79

Also on 4 other boards

Persons with Significant Control

Mr Geoffrey Philip Knight

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

British · England · Age 79

182, Victoria Road, Reading, RG10 8AJ

Notified 20/10/2023

Mrs Cynthia Ann Knight

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

American · England · Age 73

182, Victoria Road, Reading, RG10 8AJ

Notified 20/10/2023

CompanyRankvs 407+ SIC 28220 peers
54

Financial strength42th percentile among SIC peers · 11/25
Employees30th percentile among SIC peers · 5/15
LiquidityCurrent ratio 19.04× · 20/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1Edbro Hydraulics Limited
90
2Thwaites Limited
90
3Conveyor Units Limited
90
4Narrow Aisle Limited
90
5Marwood Group Limited
90
6Joloda Hydraroll Limited
90
7Columbus Mckinnon Corporation Limited
89
8Penny Engineering Limited
89
9Lester Control Systems Limited
89
10J. Barnsley Cranes Limited
89
407Worksafe Systems Ltd
53
How is this score calculated?
Financial strength11/25 pts

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

Employees5/15 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.

Longevity3/15 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.

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

Key FinancialsYear ending 31/10/2024

Net Worth

£21k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£10k

Working capital

Current Assets

£11k

Current Liabilities

£560

Fixed Assets

£11k

1avg. employees

Balance Sheet

Assets less current liabilities£21k
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
202419.04

Derived from filed accounts. Not audited figures.