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Wordwatch Limited

04391287

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

TECHSPACE, LONDON, EC1V 7DY
Incorporated 11/03/2002

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 17/10/2025

Due 31/10/2026

On track

Industry

61900
Other telecommunications activities

Officers

Mr Michael David Wardell

director · Since 01/02/2024

DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 15 other boards

Persons with Significant Control

Saxon Bidco Limited

75–100% shares
75–100% votes
Appoint directors

Techspace, 140 Goswell Road, London, EC1V 7DY

Reg: 12922821 · Companies House · Private Limited Company

Notified 23/12/2020

Former PSCs

Mr Richard Peter Mill

Ceased 06/04/2016

Mr Stephen Thurston

Ceased 06/04/2016

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC AS SECURITY AGENT FOR THE FINANCE PARTIES

Created 28/10/2021Registered 01/11/2021

CompanyRankvs 73800+ SIC 61900 peers
31

Financial strength1th percentile among SIC peers · 0/25
Employees63th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.27× · 2/20
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 strength0/25 pts

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

Employees9/15 pts

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

Liquidity2/20 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 31/12/2020

Net Worth

-£1.5M

Balance sheet strength

Cash

£80k

Cash in the bank

Net Current Assets

-£1.5M

Working capital

Current Assets

£577k

Current Liabilities

£2.1M

Fixed Assets

£0

Debtors

£496k

2avg. employees

Balance Sheet

Intangible assets£0
Assets less current liabilities-£1.5M
Signed by 2020-04-01Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20200.27
20200.27
20190.27

Derived from filed accounts. Not audited figures.