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Korwen Ltd

09038909

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)
  • Current liabilities exceed current assets (-10)

Details

124 CITY ROAD, LONDON, EC1V 2NX
Incorporated 14/05/2014

Compliance

Last accounts

31/05/2024

total exemption full

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 27/03/2026

Due 10/04/2027

On track

Industry

58130
Publishing of newspapers
58190
Other publishing activities
63120
Web portals
74300
Translation and interpretation activities

Officers

Mr Jerome Paquet

director · Since 14/05/2014

DIRECTOR

BRITISH · ENGLAND · Age 49

Persons with Significant Control

Mr Jerome Paquet

75–100% shares

British · England · Age 49

124, City Road, London, EC1V 2NX

Notified 06/04/2016

CompanyRankvs 415+ SIC 58130 peers
39

Financial strength8th percentile among SIC peers · 2/25
Employees52th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength2/25 pts

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

Employees8/15 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.

Longevity12/15 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.

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

Key FinancialsYear ending 31/05/2024

Net Worth

-£38k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£38k

Working capital

Current Assets

£3k

Current Liabilities

£41k

Debtors

£516

1avg. employees
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.08+£276
20230.12-£3k
2022-£951
2021-£4k
2020-£9k
2019-£36k
20180.30

Derived from filed accounts. Not audited figures.