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Worldbay Technology Ltd

05360280

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

19 CROFT HOUSE, LONDON, NW9 5XY
Incorporated 10/02/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
62090
Other information technology service activities

Officers

Mr Obinna Ikegulu

director · Since 10/02/2005

IT ENGINEER

BRITISH · ENGLAND · Age 50

Also on 2 other boards

Persons with Significant Control

Mr Obinna Ikegulu

Significant control

British · England · Age 50

19 Croft House, Heritage Avenue, London, NW9 5XY

Notified 06/04/2016

CompanyRankvs 86060+ SIC 62020 peers
40

Financial strength6th percentile among SIC peers · 2/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.56× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength2/25 pts

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

Employees2/15 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.

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

Key FinancialsYear ending 28/02/2021

Net Worth

-£17k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£11k

Working capital

Current Assets

£14k

Current Liabilities

£26k

Fixed Assets

£15k

Debtors

£10k

0avg. employees

Balance Sheet

Bank loans & overdrafts£21k
Assets less current liabilities£4k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20210.56-£21k
20200.02-£15k
20192.51

Derived from filed accounts. Not audited figures.