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Wavedrives Ltd

09598378

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 10 STABLE YARD, BATH, BA2 3AY
Incorporated 19/05/2015

Compliance

Last accounts

31/12/2024

micro entity

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 19/05/2026

Due 02/06/2027

On track

Industry

74100
Specialised design activities

Officers

Craig Fletcher

secretary · Since 19/05/2015

Mrs Jill Elizabeth Burnett

director · Since 19/05/2015

DIRECTOR

BRITISH · ENGLAND · Age 67

Also on 1 other board

Mr Craig Fletcher

director · Since 19/05/2015

DIRECTOR

BRITISH · ENGLAND · Age 55

Mr Graham Paul Whiteley

director · Since 11/11/2025

DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 1 other board

Persons with Significant Control

Mr Graham Paul Whiteley

25–50% shares
25–50% votes

British · England · Age 55

Unit 10, Stable Yard, Bath, BA2 3AY

Notified 06/04/2016

Mr Craig Fletcher

25–50% shares
25–50% votes

British · England · Age 55

Unit 10, Stable Yard, Bath, BA2 3AY

Notified 06/04/2016

CompanyRankvs 21381+ SIC 74100 peers
47

Financial strength9th percentile among SIC peers · 2/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.81× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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21381Wavedrives Ltd
43
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.

Employees13/15 pts

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

Liquidity6/20 pts

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

Longevity11/15 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 31/12/2024

Net Worth

-£11k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£22k

Working capital

Current Assets

£112k

Current Liabilities

£138k

Fixed Assets

£24k

3avg. employees

Balance Sheet

Assets less current liabilities£2k
Prepared with Sage Accounts Production 23.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.81-£49k
20231.11-£92k
20221.94+£111k
20210.76+£10k
20200.84-£68k
20192.92-£93k
20183.38—

Derived from filed accounts. Not audited figures.