Firstworld Ventures Ltd
07370187
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 09/09/2010
MANAGING DIRECTOR
NIGERIAN · ENGLAND · Age 66
Persons with Significant Control
Dr Patrick Manoel Olatunde Reis
Nigerian · England · Age 66
Arden Cottage, 21 Oakhill Avenue, Pinner, HA5 3DL
Notified 06/04/2017
Former PSCs
Mr Festus Kuye
Ceased 05/04/2017
CompanyRankvs 96206+ SIC 70229 peers50
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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 31/03/2025
Net Worth
-£353k
Balance sheet strength
Cash
£890
Cash in the bank
Net Current Assets
£907
Working capital
Current Assets
£2k
Current Liabilities
£738
Debtors
£755
Director Loans(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.23 | +£2k |
| 2024 | 0.75 | -£34k |
| 2023 | 2.20 | -£64k |
| 2022 | 1.37 | -£19k |
| 2021 | 2.39 | — |
Derived from filed accounts. Not audited figures.