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Advice Wise Solicitors Ltd

08058295

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

24 CAMERON ROAD, ILFORD, IG3 8LB
Incorporated 04/05/2012

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 04/05/2026

Due 18/05/2027

On track

Industry

69102
Solicitors

Officers

Mr Shahid Khan

director · Since 04/05/2012

SOLICITOR

BRITISH · UNITED KINGDOM · Age 58

Also on 2 other boards

Mr Abraar Ayaz

director · Since 02/01/2020

SOLICITOR

BRITISH · ENGLAND · Age 33

Persons with Significant Control

Mr Shahid Khan

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 58

24, Cameron Road, Ilford, IG3 8LB

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 08/12/2015Registered 15/12/2015
Charge
satisfied

LLOYDS BANK PLC

Created 08/12/2015Registered 11/12/2015Satisfied 28/10/2018

CompanyRankvs 474+ SIC 69102 peers
73

Financial strength85th percentile among SIC peers · 21/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 3.32× · 20/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength21/25 pts

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

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 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 31/10/2024

Net Worth

£292k

Balance sheet strength

Cash

£10k

Cash in the bank

Net Current Assets

£198k

Working capital

Current Assets

£283k

Current Liabilities

£85k

Fixed Assets

£198k

Debtors

£273k

10avg. employees+1

Balance Sheet

Assets less current liabilities£396k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20243.32-£163k
20233.66+£70k
202217.24-£146k
202123.37-£306k
20208.91+£36k
2019+£190k

Derived from filed accounts. Not audited figures.