Wetwheels Torbay Cic
15455651
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/01/2025
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 30/01/2026
Due 13/02/2027
Industry
Officers
director · Since 01/02/2026
BRITISH · ENGLAND · Age 62
Also on 1 other board
Persons with Significant Control
Mrs Michelle Louise Brown
British · England · Age 44
Ocean Crescent, C/O Batterbee Thompson & Co, Plymouth, PL1 3AD
Notified 31/01/2024
Mr Ian James Payne
British · England · Age 70
Ocean Crescent, C/O Batterbee Thompson & Co, Plymouth, PL1 3AD
Notified 21/01/2026
Mr Russell Alexander Smart
British · England · Age 62
Ocean Crescent, C/O Batterbee Thompson & Co, Plymouth, PL1 3AD
Notified 01/02/2026
Former PSCs
Mr Greg Kirkpatrick
Ceased 20/08/2026
Mr Russell Alexander Smart
Ceased 31/01/2026
CompanyRankvs 626+ SIC 50100 peers24
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company
Key FinancialsYear ending 31/12/2025
Net Worth
-£131
Balance sheet strength
Cash
£19k
Cash in the bank
Net Current Assets
-£131
Working capital
Current Assets
£20k
Current Liabilities
£20k
Debtors
£1k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 0.99 |
| 2025 | 0.98 |
Derived from filed accounts. Not audited figures.