Michael Wallace Associates Ltd.
08308387
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/11/2022
CHARTERED ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 48
Also on 4 other boards
Persons with Significant Control
Mr Waqas Amjad Chughtai
British · United Kingdom · Age 48
976, Uxbridge Road, Hayes, UB4 0RL
Notified 01/11/2022
Former PSCs
Mr Michael John Francis Wallace
Ceased 01/11/2022
CompanyRankvs 9167+ SIC 69202 peers60
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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
£20k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£38k
Working capital
Current Assets
£62k
Current Liabilities
£100k
Fixed Assets
£59k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.62 | +£3k |
| 2024 | 0.66 | +£2k |
| 2023 | 1.67 | -£791 |
| 2021 | — | +£2k |
| 2020 | — | +£6k |
| 2019 | — | -£867 |
Derived from filed accounts. Not audited figures.