Providence Solutions Limited
07290497
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Ralph Karam
British · United Arab Emirates · Age 48
8, Shepherd Market, London, W1J 7JY
Notified 06/04/2016
Providence Wealth Corporation Limited
Suite 1, 3rd Floor, 11 - 12, St. James's Square, London, SW1Y 4LB
Reg: 07060543 · Companies House · Private Company Limited By Shares
Notified 06/04/2016
CompanyRankvs 66468+ SIC 62020 peers46
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/12/2024
Net Worth
-£2.2M
Balance sheet strength
Cash
£50k
Cash in the bank
Net Current Assets
-£2.2M
Working capital
Current Assets
£60k
Current Liabilities
£2.3M
Fixed Assets
£1k
Debtors
£10k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.03 | -£186k |
| 2023 | 0.04 | -£225k |
| 2022 | 0.15 | -£286k |
| 2021 | 0.17 | -£568k |
| 2020 | 0.22 | -£426k |
| 2019 | 0.55 | +£165k |
| 2018 | 0.54 | — |
Derived from filed accounts. Not audited figures.