Company Overview
Worthy Builders (Reading) Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 03 April 1992, so this is a well established company. Worthy Builders (Reading) Limited has been in business for 34 years. The accounts status is unaudited abridged and the accounts are next due on Wednesday 31 December 2025.
Registered Address

1 Carnegie Road, Newbury, Berkshire, RG14 5DJ
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Companies House Data
Company NameWORTHY BUILDERS (READING) LIMITED
Company Number02703414
Registered Office Address1 Carnegie Road
 Newbury
 RG14 5DJ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date03/04/1992
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/03/2024
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date01/05/2017
Returns Last Made Up Date03/04/2016
Directors & Members
Show Resigned
Andrew Grimshaw - Director
(British, 65 years old, born January 1961)
Appointed 04 March 1996
 Active
Secretaries
Show Resigned
Jacqueline Grimshaw - Secretary
(British)
Appointed 23 April 2008
 Active
Other Company Directorships
Andrew Grimshaw
162 WANTAGE ROAD MANAGEMENT COMPANY LIMITED
AIRCRAFT MANAGEMENT (LONDON) LIMITED
E. & P. HOMES LIMITED
WORTHY HOLDINGS LIMITED
WORTHYS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2022
Balance Sheet
Fixed Assets 63,489 63,489 97,084
Current Assets 198,960 198,960 156,040
Creditors Due Within One Year 306,523 306,523 269,108
Working Cap -107,563 -107,563 -113,068
Total Assets Less Current Liabilities -44,074 -44,074 -15,984
Long-term Liabilities 75,254 75,254 111,332
Net Assets -119,328 -119,328 -127,316
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -119,328 -119,328 -127,316
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2022
Tangible Fixed Assets - - -
Fixed Assets 24.2% 24.2% 38.4%
Stocks Inventory - - -
Debtors 3.6% 3.6% 23.7%
Cash Bank In Hand 1.7% 1.7% 0.6%
Current Assets 75.8% 75.8% 61.6%
Creditors Due Within One Year 116.8% 116.8% 106.3%
Net Current Assets Liabilities -41.0% -41.0% -44.7%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -45.5% -45.5% -50.3%
Capital Employed - - -
Total Assets Less Current Liabilities -16.8% -16.8% -6.3%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2022
Liquidity Ratio 0.6 0.6 0.6
Solvency Ratio 0.7 0.7 0.7
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 16
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 14
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2022
Assets 262,449 262,449 253,124
Debt 381,777 381,777 380,440
Net Assets/Debt -119,328 -119,328 -127,316

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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GLOUCESTER WALK LIMITED
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STOCKCROSS CONSULTING LIMITED
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STUDIO 38 LIMITED
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BANKS FINANCIAL SERVICES LIMITED
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ABINGDON RESIDENTIAL PROPERTIES LTD
1 CARNEGIE ROAD, NEWBURY, BERKSHIRE, RG14 5DJ
CODELOCKS LIMITED
1 CARNEGIE ROAD, NEWBURY, BERKSHIRE, RG14 5DJ
COMPUTEALL BUSINESS SERVICES LIMITED
203 West Street, Fareham, RG14 5DJ
PEAKTREND LIMITED
1 CARNEGIE ROAD, NEWBURY, BERKSHIRE, RG14 5DJ
THE LITTLE ENTERTAINMENT GROUP LIMITED
1 Carnegie Road, Newbury, Berkshire, RG14 5DJ
Document Filings
Confirmation statement made on 3 April 2025 with no updates
Confirmation statement made on 3 April 2024 with no updates
Registration of charge 027034140016, created on 24 April 2023
Confirmation statement made on 3 April 2023 with no updates
Change of details for Mr Andrew Patrick Grimshaw as a person with significant control on 26 May 2022
Change of details for Mr Andrew Patrick Grimshaw as a person with significant control on 26 May 2022
Director's details changed for Mr Andrew Patrick Grimshaw on 26 May 2022
Secretary's details changed for Jacqueline Ann Grimshaw on 26 May 2022
Director's details changed for Mr Andrew Patrick Grimshaw on 26 May 2022
Change of details for Mr Andrew Patrick Grimshaw as a person with significant control on 26 May 2022
Confirmation statement made on 3 April 2022 with no updates
Confirmation statement made on 3 April 2021 with no updates
Change of details for Mr Andrew Patrick Grimshaw as a person with significant control on 16 January 2020
Cessation of Worthy Holdings Limited as a person with significant control on 16 January 2020
Confirmation statement made on 3 April 2020 with updates
Confirmation statement made on 3 April 2019 with updates
Compulsory strike-off action has been discontinued
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