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Independence Way Ltd

10216414

active
Private Limited Company
england wales
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

5 ELDER CLOSE, SIDCUP, DA15 8HQ
Incorporated 06/06/2016

Compliance

Last accounts

30/06/2025

micro entity

Next accounts due

31/03/2027

On track

Confirmation statement

Last: 10/06/2025

Due 24/06/2026

On track

Industry

55202
Youth hostels

Officers

Reuben Izekor-Omoregie

director · Since 06/06/2016

WRITER

GERMAN · UNITED KINGDOM · Age 63

Also on 1 other board

Persons with Significant Control

Mr Reuben Izekor-Omregie

75–100% shares

British · England · Age 63

5, Elder Close, Sidcup, DA15 8HQ

Notified 05/06/2019

CompanyRankvs 15+ SIC 55202 peers
82

Financial strength93th percentile among SIC peers · 23/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.26× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 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.

Longevity10/15 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 30/06/2025

Net Worth

£564k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£664k

Working capital

Current Assets

£958k

Current Liabilities

£294k

17avg. employees

Tax at Year End(2023)

Corp tax£22k

Director Loans(2023)

Company owes directors£121k

Balance Sheet

Assets less current liabilities£664k
Signed by Mr REUBEN IZEKOR-OMOREGIE 09/07/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20253.26+£0
20253.26+£82k
20241.66+£125k
20231.75+£88k
20221.86+£130k
20211.85+£69k
20202.39+£8k
20192.92

Derived from filed accounts. Not audited figures.