The Firmwatch take
Off The Wall Coverings Limited (07234322) currently shows: At risk signal detected, based on accounts to 30 April 2021; last refreshed 25 May 2026. Net liabilities of £118k — assets do not cover obligations.
Companies House source·Accounts to 30 Apr 2021·Refreshed 25 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
Incorporated
26 April 2010
16 years on the register
Sector
Textile manufacturing
SIC 13990 · matched to division
Size
Not classified
Net assets
−£118k
Bottom 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Latest filing
None yet
Insolvency risk
Critical insolvency risk
The public financial signals are severe. Review filings, events and director links before making a decision involving this company.
Negative net assets
Visible liabilities exceed visible assets in the extracted accounts.
Negative working capital
Short-term liabilities are higher than short-term assets in the public balance sheet.
Weak current ratio
Current assets are less than 75% of current liabilities.
Money
What the balance sheet says
Net assets
−£118k
Bottom 10% in sector · sector median £1 · 6 filers in this sector
Cash
Not disclosed
Working cap.
−£117k
Median £0
Current ratio
0.2×
Median 0.1×
Signals · 4
Negative net assets
The latest filed accounts show liabilities exceeding assets.
Negative working capital
Current liabilities exceed current assets in the extracted accounts.
Current ratio below 1.0
Current assets are lower than current liabilities in the extracted accounts.
Sector benchmark · Textiles and Apparel Manufacturing
How this company compares in 6 filers in this sector
Bottom 10% in sector — Off The Wall Coverings Limited shows −£118k in net assets. Sector median is £1.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
Address pattern · CO7 7FX
110 other UK companies registered at this postcode.
Active
105
Dissolved
1
Strike-off action
4
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.