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We Are Freewheeling Limited

09166413

active
PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
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

12 HIGH STREET, TORRINGTON, EX38 8HN
Incorporated 07/08/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

90030
Artistic creation

Officers

Patricia Daphne Wheatley

secretary · Since 07/08/2014

Ms Susan Felicity Austin

director · Since 07/08/2014

ARTIST

BRITISH · ENGLAND · Age 60

Miss Patricia Daphne Wheatley

director · Since 07/08/2014

DIRECTOR OF ARTS ORGANISATION

BRITISH · ENGLAND · Age 43

Persons with Significant Control

Ms Susan Felicity Austin

50–75% votes
Significant control

British · England · Age 60

12, High Street, Torrington, EX38 8HN

Notified 07/08/2016

Miss Patricia Daphne Wheatley

25–50% votes
Significant control

British · England · Age 43

12, High Street, Torrington, EX38 8HN

Notified 07/08/2016

CompanyRankvs 16439+ SIC 90030 peers
42

Financial strength4th percentile among SIC peers · 1/25
Employees78th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.36× · 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 strength1/25 pts

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

Employees12/15 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 31/08/2024

Net Worth

-£37k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£45k

Working capital

Current Assets

£27k

Current Liabilities

£74k

Fixed Assets

£9k

2avg. employees

Balance Sheet

Assets less current liabilities-£37k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.36-£14k
20230.37

Derived from filed accounts. Not audited figures.