Company Overview
Worthington Group Plc is listed at the official companies registry as in Liquidation Public Limited Company. The company was incorporated on Wednesday 23 December 1953, so this is a well established company. Worthington Group Plc has been in business for 72 years and 3 months. The accounts status is full and the accounts are next due on Tuesday 31 March 2015.
Registered Address

31St Floor 40 Bank Street, London, E14 5NR
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Companies House Data
Company NameWORTHINGTON GROUP PLC
Company Number00527186
Registered Office Address31st Floor 40 Bank Street
 E14 5NR
Company CategoryPublic Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date23/12/1953
Accounting Reference Date Day30
Accounting Reference Date Month9
Accounts Next Due Date31/03/2015
Accounts Last Made Up Date30/09/2013
Accounts Account CategoryFULL
Returns Next Due Date22/09/2016
Returns Last Made Up Date25/08/2015
Directors & Members
Show Resigned
Douglas Ware - Director
(British, 75 years old, born May 1951)
Appointed 31 May 2012
 Active
Pd Cosec Limited - Secretary
Appointed 07 October 2010
 Active
Secretaries
Show Resigned
Pd Cosec Limited - Secretary
Appointed 07 October 2010
 Active
Other Company Directorships
Douglas Ware
ASHTON PROPERTY MANAGEMENT LTD
CALEDONIAN LC LTD
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FII FOOTWEAR MANAGEMENT LIMITED
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LAW FINANCIAL LIMITED
LIBERTY CORPORATE LTD
LISLE ROAD MANAGEMENT LIMITED
MANDOLYN LIMITED
PANNELLS ICKNIELD LIMITED
PERRYS MANAGEMENT SERVICES LIMITED
QUALITY SHOES LIMITED
RENATUS WRN SECURED LOAN NOTE HOLDERS LTD.
SEVCO 5088 LIMITED
THE PERRYS MANAGEMENT COMPANY LIMITED
THE RANGERS FC GROUP LIMITED
TRICODERM LTD
WORTHINGTON PRINCIPAL EMPLOYER LIMITED
ZAMPHRAY PLC
Balance Sheet Unlock full report
Accounts Date 31-Dec-2013 31-Dec-2012 31-Dec-2011
Balance Sheet
Fixed Assets 250,000 940,000 4,957,000
Current Assets 2,127,000 4,298,000 731,000
Creditors Due Within One Year 1,136,000 106,000 209,000
Working Cap 991,000 4,192,000 522,000
Total Assets Less Current Liabilities 1,241,000 5,132,000 5,479,000
Long-term Liabilities 4,645,000 3,933,000 2,842,000
Net Assets -3,404,000 1,199,000 2,637,000
Share Capital & Reserves
Share Cap 1,319,000 1,181,000 1,181,000
Profit & Loss Reserves -25,968,000 -20,610,000 -19,006,000
Other Reserves 21,245,000 20,628,000 20,462,000
Shareholders Funds -3,404,000 1,199,000 2,637,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2013 31-Dec-2012 31-Dec-2011
Tangible Fixed Assets - - -
Fixed Assets 10.5% 17.9% 87.1%
Stocks Inventory 20.0% 76.4% 0.0%
Debtors 6.1% 0.0% 8.5%
Cash Bank In Hand 2.4% 5.0% 4.3%
Current Assets 89.5% 82.1% 12.9%
Creditors Due Within One Year 47.8% 2.0% 3.7%
Net Current Assets Liabilities 41.7% 80.0% 9.2%
Creditors Due After One Year 195.4% 75.1% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability -143.2% 22.9% 46.4%
Called Up Share Capital 55.5% 22.5% 20.8%
Share Capital Allotted Called Up Paid 55.5% 22.5% 20.8%
Profit Loss Account Reserve -1092.5% -393.5% -334.1%
Shareholder Funds -143.2% 22.9% 46.4%
Capital Employed - - -
Total Assets Less Current Liabilities 52.2% 98.0% 96.3%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2013 31-Dec-2012 31-Dec-2011
Liquidity Ratio 1.9 40.5 3.5
Solvency Ratio 0.4 1.3 1.9
Reserves to Assets -10.9 -3.9 -3.3
Secured Creditors Unlock full report
Mortgages Charges 28
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 27
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2013 31-Dec-2012 31-Dec-2011
Assets 2,377,000 5,238,000 5,688,000
Debt 5,781,000 4,039,000 3,051,000
Net Assets/Debt -3,404,000 1,199,000 2,637,000

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.

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 has some deficiency. The balance sheet net assets figure is negative. Information provided by Companies House shows Liquidation.

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.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 has some deficiency. The balance sheet net assets figure is negative. Information provided by Companies House shows Liquidation.  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.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 has some deficiency. The balance sheet net assets figure is negative. 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
Progress report in a winding up by the court
Progress report in a winding up by the court
Progress report in a winding up by the court
Progress report in a winding up by the court
Progress report in a winding up by the court
Progress report in a winding up by the court
Progress report in a winding up by the court
Progress report in a winding up by the court
Termination of appointment of Richard James Spurway as a director on 19 April 2018
Progress report in a winding up by the court
Registered office address changed from 1 the Green Richmond Surrey TW9 1PL to 31st Floor 40 Bank Street London E14 5NR on 20 January 2017
Appointment of a liquidator
Order of court to wind up
Satisfaction of charge 005271860028 in full
Annual return made up to 25 August 2015 no member list
Court order
Director's details changed for Mr Richard James Sturway on 8 September 2015
Resolutions
Annual return made up to 25 August 2014 no member list
Rectified Form MR04 was removed from the public register on 11/09/2015 pursuant to court order
Satisfaction of charge 19 in full
Satisfaction of charge 26 in full
Satisfaction of charge 23 in full
Satisfaction of charge 21 in full
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