Company Overview
Wqs (Uk) Ltd is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Thursday 01 August 2013, so this is a well established company. Wqs (Uk) Ltd has been in business for 12 years and 8 months. The accounts status is unaudited abridged and the accounts are next due on Wednesday 31 May 2023.
Registered Address

C/O Begbies Traynor, 2 Bothwell Street, Glasgow, G2 6LU
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Companies House Data
Company NameWQS (UK) LTD
Company NumberSC455832
Registered Office AddressC/O Begbies Traynor
 2 Bothwell Street
 G2 6LU
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date01/08/2013
Accounting Reference Date Day31
Accounting Reference Date Month8
Accounts Next Due Date31/05/2023
Accounts Last Made Up Date31/08/2021
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date29/08/2016
Returns Last Made Up Date01/08/2015
Directors & Members
Hugh McGivern - Director
(British, 58 years old, born March 1968)
Appointed 01 August 2013
Active
Michael McGivern - Director
(British, 64 years old, born June 1962)
Appointed 01 August 2013
Active
Secretaries
No Secretaries Appointed
Balance Sheet Unlock full report
Accounts Date 31-Aug-2021 31-Aug-2020 31-Aug-2019
Balance Sheet
Fixed Assets 9,787 4,865 5,792
Current Assets 666,429 462,502 488,013
Creditors Due Within One Year 461,000 379,499 448,822
Working Cap 205,429 83,003 39,191
Total Assets Less Current Liabilities 215,216 87,868 44,983
Long-term Liabilities 193,816 85,332 44,129
Net Assets 21,400 2,536 854
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 21,400 2,536 854
Common Size Financial Analysis Unlock full report
Accounts Date 31-Aug-2021 31-Aug-2020 31-Aug-2019
Tangible Fixed Assets - - -
Fixed Assets 1.4% 1.0% 1.2%
Stocks Inventory - - -
Debtors 91.0% 85.1% 89.6%
Cash Bank In Hand 3.9% 8.6% 7.2%
Current Assets 98.6% 99.0% 98.8%
Creditors Due Within One Year 68.2% 81.2% 90.9%
Net Current Assets Liabilities 30.4% 17.8% 7.9%
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 3.2% 0.5% 0.2%
Capital Employed - - -
Total Assets Less Current Liabilities 31.8% 18.8% 9.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Aug-2021 31-Aug-2020 31-Aug-2019
Liquidity Ratio 1.4 1.2 1.1
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 31-Aug-2021 31-Aug-2020 31-Aug-2019
Assets 676,216 467,367 493,805
Debt 654,816 464,831 492,951
Net Assets/Debt 21,400 2,536 854
The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. 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. Information provided by Companies House shows Liquidation.

Unlock full report  The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. 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. Information provided by Companies House shows Liquidation.  The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. 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. Information provided by Companies House shows Liquidation.

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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Document Filings
Registered office address changed from Unit 12 , Block 4 Chapelhall Industrial Estate Chapelhall Airdrie ML6 8QH Scotland to C/O Begbies Traynor 2 Bothwell Street Glasgow G2 6LU on 7 June 2023
Confirmation statement made on 1 August 2022 with no updates
Registered office address changed from Unit 10 Springfield Road Salsburgh Shotts ML7 4LP Scotland to Unit 12 , Block 4 Chapelhall Industrial Estate Chapelhall Airdrie ML6 8QH on 27 June 2022
Registered office address changed from Block 4, Unit 4 Chapelhall Industrial Estate Chapelhall Airdrie ML6 8QH Scotland to Unit 10 Springfield Road Salsburgh Shotts ML7 4LP on 27 June 2022
Amended accounts made up to 31 August 2020
Confirmation statement made on 1 August 2021 with no updates
Satisfaction of charge SC4558320004 in full
Confirmation statement made on 1 August 2020 with updates
Amended accounts made up to 31 August 2018
Confirmation statement made on 1 August 2019 with updates
Registration of charge SC4558320004, created on 30 July 2019
Satisfaction of charge SC4558320002 in full
Confirmation statement made on 1 August 2018 with no updates
Alterations to floating charge SC4558320002
Alterations to floating charge SC4558320003
Registration of charge SC4558320003, created on 15 June 2018
Registration of charge SC4558320002, created on 29 March 2018

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