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Worldwise Consulting Ltd

07299356

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

18 JAY CLOSE, READING, RG6 4HE
Incorporated 29/06/2010

Compliance

Last accounts

30/06/2024

total exemption full

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 29/08/2025

Due 12/09/2026

On track

Industry

62020
Information technology consultancy activities

Officers

Mr Rakesh Parekh

director · Since 29/06/2010

DIRECTOR

BRITISH · ENGLAND · Age 53

Persons with Significant Control

Mr Rakesh Parekh

75–100% shares

British · England · Age 53

18, Jay Close, Reading, RG6 4HE

Notified 06/04/2016

CompanyRankvs 83879+ SIC 62020 peers
27

Financial strength1th percentile among SIC peers · 0/25
Employees36th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.18× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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83879Worldwise Consulting Ltd
37
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.

Employees5/15 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

Going concern doubt: -10 pts

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

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 30/06/2024

Net Worth

-£133k

Balance sheet strength

Cash

£19k

Cash in the bank

Net Current Assets

-£88k

Working capital

Current Assets

£19k

Current Liabilities

£108k

Fixed Assets

£358

1avg. employees

Tax at Year End

Corp tax-£2k
VAT£340

Director Loans

Company owes directors£107k

Balance Sheet

Assets less current liabilities-£88k
Signed by Mr Rakesh Parekh 4 February 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.18-£32k£7k
20230.25-£52k£7k
20220.86-£57k£10k
20212.51+£925£10k
20201.11—£292k
20191.03—£163k
2018-1.64——

Derived from filed accounts. Not audited figures.