Company Overview
Watly Engineering Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 21 July 2016, so this is a well established company. Watly Engineering Limited has been in business for 9 years and 8 months. The accounts status is total exemption full and the accounts are next due on Thursday 30 April 2026.
Registered Address

Unit 19 Bartlett Court, Lynx Trading Estate, Yeovil, BA20 2NZ
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Companies House Data
Company NameWATLY ENGINEERING LIMITED
Company Number10289507
Registered Office AddressUnit 19 Bartlett Court
 Lynx Trading Estate
 BA20 2NZ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date21/07/2016
Accounting Reference Date Day31
Accounting Reference Date Month7
Accounts Next Due Date30/04/2026
Accounts Last Made Up Date31/07/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date18/08/2017
Directors & Members
Robert Holly - Director
(British, 42 years old, born June 1984)
Appointed 21 July 2016
 Active
Mark Watts - Director
(British, 43 years old, born June 1983)
Appointed 21 July 2016
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Robert Holly
SHERBORNE CLASSIC & SUPERCARS LIMITED
Mark Watts
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Jul-2024 31-Jul-2022 31-Jul-2021
Balance Sheet
Fixed Assets 55,400 55,400 60,129
Current Assets 292,293 292,293 203,281
Creditors Due Within One Year 232,943 232,943 181,954
Working Cap 59,350 59,350 21,327
Total Assets Less Current Liabilities 114,750 114,750 81,456
Long-term Liabilities 51,463 51,463 70,082
Net Assets 63,287 63,287 11,374
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 63,287 63,287 11,374
Common Size Financial Analysis Unlock full report
Accounts Date 31-Jul-2024 31-Jul-2022 31-Jul-2021
Tangible Fixed Assets - - -
Fixed Assets 15.9% 15.9% 22.8%
Stocks Inventory - - -
Debtors 55.7% 55.7% 46.4%
Cash Bank In Hand 28.3% 28.3% 30.8%
Current Assets 84.1% 84.1% 77.2%
Creditors Due Within One Year 67.0% 67.0% 69.1%
Net Current Assets Liabilities 17.1% 17.1% 8.1%
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 18.2% 18.2% 4.3%
Capital Employed - - -
Total Assets Less Current Liabilities 33.0% 33.0% 30.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Jul-2024 31-Jul-2022 31-Jul-2021
Liquidity Ratio 1.3 1.3 1.1
Solvency Ratio 1.2 1.2 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Jul-2024 31-Jul-2022 31-Jul-2021
Assets 347,693 347,693 263,410
Debt 284,406 284,406 252,036
Net Assets/Debt 63,287 63,287 11,374

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 current section of the balance sheet has positive working capital. We would normally consider 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. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

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 current section of the balance sheet has positive working capital. We would normally consider 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. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.   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 current section of the balance sheet has positive working capital. We would normally consider 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. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

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
Change of share class name or designation
Confirmation statement made on 26 February 2026 with updates
Confirmation statement made on 20 July 2025 with no updates
Confirmation statement made on 20 July 2024 with no updates
Registered office address changed from Unit 19 Sea King Road Lynx Trading Estate Yeovil BA20 2NZ England to Unit 19 Bartlett Court Lynx Trading Estate Yeovil BA20 2NZ on 20 May 2024
Confirmation statement made on 20 July 2023 with no updates
Confirmation statement made on 20 July 2022 with no updates
Confirmation statement made on 20 July 2021 with updates
Change of share class name or designation
Confirmation statement made on 20 July 2020 with no updates
Confirmation statement made on 20 July 2019 with no updates
Confirmation statement made on 20 July 2018 with no updates
Registered office address changed from Unit 16 Sea King Road Lynx Trading Estate Yeovil Somerset BA20 2NZ England to Unit 19 Sea King Road Lynx Trading Estate Yeovil BA20 2NZ on 20 November 2017
Director's details changed for Mr Robert Lawrence Holly on 20 November 2017
Director's details changed for Mr Mark Adam Watts on 20 November 2017
Change of details for Mr Mark Adam Watts as a person with significant control on 20 November 2017
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