Company Overview
Worksecond Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 05 May 1993, so this is a well established company. Worksecond Limited has been in business for 32 years and 10 months. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

382 Aston Lane, Witton, Birmingham, B6 6QN
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Companies House Data
Company NameWORKSECOND LIMITED
Company Number02815352
Registered Office Address382 Aston Lane
 Witton
 B6 6QN
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date05/05/1993
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date26/05/2017
Returns Last Made Up Date28/04/2016
Directors & Members
Show Resigned
Karl Pountney - Director
(British, 58 years old, born May 1968)
Appointed 30 January 2004
 Active
Secretaries
Show Resigned
Karl Pountney - Secretary
(British)
Appointed 13 May 1993
 Active
Other Company Directorships
Karl Pountney
ARDEN PARK DEVELOPMENTS LIMITED
ARDEN PARK PROPERTIES LIMITED
BALERIC CHARTER LIMITED
BROMFORD MILL PROPERTIES LIMITED
CHANDLERS BREWERY LIMITED
CONTRACTS GALLEYPEARL LIMITED
CORSTONE LIMITED
CUCKOO WHARF (MANAGEMENT) LIMITED
EAGLEGOLD NATIONWIDE SECURITY SERVICES LTD
GREAT WYRLEY LEISURE LIMITED
HAJIB LIMITED
HAZEL BANQUETING LIMITED
LOV.IM LIMITED
PAWNBROKERS THE JEWEL IN THE TOWN LIMITED
PAY 4 IT LIMITED
POUNTNEY DEVELOPMENTS LLP
RIBBON OF LIGHT LIMITED
SLY OLD FOX (MIDLANDS) LIMITED
STARCROSS BUILDING LIMITED
T4LKS LIMITED
U CASH LIMITED
UNCLES PROPERTIES LIMITED
UNCLES THE ORIGINAL PAWNBROKERS LIMITED
URBAN WORKSPACE LIMITED
VYSE DEVELOPMENTS LIMITED
WIDES LIMITED
YIELD LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 6,113,061 6,113,061 5,678,455
Current Assets 89,948 89,948 101,999
Creditors Due Within One Year 1,192,497 1,192,497 786,546
Working Cap -1,102,549 -1,102,549 -684,547
Total Assets Less Current Liabilities 5,010,512 5,010,512 4,993,908
Long-term Liabilities 510,273 510,273 1,290,256
Net Assets 4,500,239 4,500,239 3,703,652
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 4,500,239 4,500,239 3,703,652
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 98.5% 98.5% 98.2%
Stocks Inventory - - -
Debtors 0.9% 0.9% 1.6%
Cash Bank In Hand 0.5% 0.5% 0.2%
Current Assets 1.5% 1.5% 1.8%
Creditors Due Within One Year 19.2% 19.2% 13.6%
Net Current Assets Liabilities -17.8% -17.8% -11.8%
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 72.5% 72.5% 64.1%
Capital Employed - - -
Total Assets Less Current Liabilities 80.8% 80.8% 86.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 0.1 0.1 0.1
Solvency Ratio 3.6 3.6 2.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 18
Mortgages Outstanding 4
Mortgages Part Satisfied 0
Mortgages Satisfied 14
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 6,203,009 6,203,009 5,780,454
Debt 1,702,770 1,702,770 2,076,802
Net Assets/Debt 4,500,239 4,500,239 3,703,652

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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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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CONTRACTS GALLEYPEARL LIMITED
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RIBBON OF LIGHT LIMITED
UNIT 2, CUCKOO WHARF LICHFIELD ROAD, ASTON, BIRMINGHAM, B6 6QN
3 MEN LIMITED
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ALLDAY (BIRMINGHAM) LIMITED
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URBAN WORKSPACE LIMITED
382 ASTON LANE, WITTON, B6 6QN
Document Filings
Confirmation statement made on 28 April 2025 with no updates
Termination of appointment of Gerald Edwin Pountney as a director on 7 December 2023
Confirmation statement made on 28 April 2024 with no updates
Confirmation statement made on 28 April 2023 with no updates
Registration of charge 028153520018, created on 3 April 2023
Confirmation statement made on 28 April 2022 with no updates
Confirmation statement made on 28 April 2021 with updates
Confirmation statement made on 28 April 2020 with updates
Confirmation statement made on 28 April 2019 with updates
Satisfaction of charge 9 in full
Satisfaction of charge 8 in full
Satisfaction of charge 10 in full
Satisfaction of charge 11 in full
Satisfaction of charge 13 in full
Satisfaction of charge 12 in full
Satisfaction of charge 028153520014 in full
Confirmation statement made on 28 April 2018 with updates
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