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Wai Mak Limited

06017674

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

50 CLINTON ROAD, LONDON, E3 4QU
Incorporated 04/12/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Maggie Kit Ling Mak

secretary · Since 04/12/2006

BRITISH · Age 44

Mr Paul Wai

director · Since 04/12/2006

IT PROFESSIONAL

BRITISH · ENGLAND · Age 59

Persons with Significant Control

Mr Paul Wai

75–100% shares

British · England · Age 59

50, Clinton Road, London, E3 4QU

Notified 04/12/2016

Charges2 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 25/06/2021Registered 29/06/2021
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 09/05/2021Registered 12/05/2021

CompanyRankvs 25036+ SIC 62020 peers
57

Financial strength97th percentile among SIC peers · 24/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.03× · 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 strength24/25 pts

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

Employees11/15 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 31/12/2024

Net Worth

£517k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

-£444k

Working capital

Current Assets

£13k

Current Liabilities

£457k

Fixed Assets

£961k

Debtors

£633

2avg. employees

Balance Sheet

Assets less current liabilities£517k
Signed by Mr Paul Wai 07/05/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.03+£7k
20230.02+£8k
20220.02+£11k
20210.03-£73k
2020142.39+£16k
201927.56+£40k
201819.25

Derived from filed accounts. Not audited figures.