The Firmwatch take
Will Smith (scotland) Limited (SC542963) currently shows: At risk signal detected, based on accounts to 30 November 2023; last refreshed 25 May 2026. Net liabilities of £35k — assets do not cover obligations.
Companies House source·Accounts to 30 Nov 2023·Refreshed 25 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
1 public risk event on file
Incorporated
17 August 2016
9 years on the register
Sector
Joinery installation
SIC 43320
Size
Not classified
Net assets
−£35k
Bottom 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Risk events
1 on file
Public Gazette / Companies House
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
−£35k
Bottom 10% in sector · sector median £512 · 1,049 filers in this sector
Cash
Not disclosed
Working cap.
−£28k
Median £4k
Current ratio
0.1×
Median 1.1×
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 · Specialist Trades
How this company compares in 1,049 filers in this sector
Bottom 10% in sector — Will Smith (scotland) Limited shows −£35k in net assets. Sector median is £512.
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.
Risk events · monitored daily
1 event on the watchtower
- 3 Feb 2025
First gazette notice
London Gazette
Get alerted on any new event
If a new Gazette notice, insolvency filing or court order is published for Will Smith (scotland) Limited, we'll email you once.
Recent activity
Filings and risk events
- 03 Feb 2025First gazette notice
People
Who runs this company
- SW
SMITH, William
director · since 2016
Registered office
Address intelligence
Used by this company only.
Likely a privately owned office or residential address.
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.