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
Analytics
Risk, value and sector comparison
Insolvency risk
80/100
critical risk
Estimated public-data value
-£118,389 - £0
low confidence - negative net assets visible value
Sector comparison
Sector: Textiles and Apparel Manufacturing
Sample: 6 companies
Negative net assets: 33.3%
- Net assets vs sector median
- -£118,390
- Working capital vs sector median
- -£117,376
- Sector median current ratio
- 0.11
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.
Old accounts
The latest extracted accounts period is more than 30 months old.
Risk and value are estimates from public accounts only. They are not a credit score, valuation opinion or insolvency prediction guarantee. See methodology.
Balance sheet
Full extracted balance sheet
Bottom 10% in sector · Sector medians shown for 6 filers in this sector (2021).
Cash at bank
Bank balances disclosed in the public accounts.
Not disclosed
Current assets
Assets expected to turn into cash within one year.
£30,618
Current liabilities
Amounts due within one year (short-term creditors).
£147,994
Working capital
Current assets minus current liabilities.
-£117,376
Median £0
Fixed assets
Long-term tangible and intangible assets.
£1,406
Total assets less current liabilities
Fixed assets plus working capital.
-£115,970
Net assets
What's left after liabilities are deducted from assets.
-£118,389
Median £1
Equity (capital & reserves)
Shareholder funds.
£100
Current ratio
Current assets divided by current liabilities. Above 1.0× is usually easier to fund.
0.2×
Median 0.1×
Figures extracted from the company's public XBRL/iXBRL filing. Fields shown as Not disclosed are not legally required for this filing type and are absent from the source document — they are not necessarily zero.
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.