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Thewealthworks Limited

02619307

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

THE FLOUR MILL HIGH BEECHES LANE, HAYWARDS HEATH, RH17 6HQ
Incorporated 11/06/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr David John Bailey Fsi

director · Since 21/09/1995

CONSULTANT

BRITISH · UNITED KINGDOM · Age 77

Also on 26 other boards

Miss Gillian Mary Pickworth

secretary · Since 25/08/1998

BRITISH · Age 63

Also on 3 other boards

Mr Michael Howlett Jones

director · Since 25/08/1998

IT CONSULTANT

BRITISH · ENGLAND · Age 76

Also on 6 other boards

Philip William Scrase

director · Since 27/10/1998

COMPANY ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 62

Mr Duncan Alexander

director · Since 25/02/2019

IT CONSULTANT

BRITISH · JERSEY · Age 63

Mr Derek Graham Smith

director · Since 22/03/2019

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 79

Also on 1 other board

Persons with Significant Control

Former PSCs

Mr Michael Howlett Jones

Ceased 31/12/2025

Charges1 outstanding

charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 14/07/1998Registered 21/07/1998

CompanyRankvs 142380+ SIC 62012 peers
65

Financial strength96th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.6× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£688k

Balance sheet strength

Cash

£361

Cash in the bank

Net Current Assets

-£135k

Working capital

Current Assets

£201k

Current Liabilities

£336k

Fixed Assets

£1.3M

Debtors

£201k

17avg. employees

Balance Sheet

Intangible assets£1.3M
Bank loans & overdrafts£36k
Assets less current liabilities£1.2M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.60+£58k
20230.51+£44k
20220.73+£138k
20210.76-£66k
20201.45-£40k
20192.44+£5k
20182.55

Derived from filed accounts. Not audited figures.