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Wearable Link Limited

10429730

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

MALVERN HILLS SCIENCE PARK, MALVERN, WR14 3SZ
Incorporated 15/10/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Thomas James Williams

director · Since 15/10/2016

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 39

Also on 3 other boards

Mr Stephen Roberts

director · Since 01/07/2020

TECHNICAL DIRECTOR

BRITISH · ENGLAND · Age 35

Also on 1 other board

Persons with Significant Control

Mr Thomas James Williams

75–100% shares
75–100% votes

British · England · Age 39

Malvern Hills Science Park, Geraldine Road, Malvern, WR14 3SZ

Notified 15/10/2016

Former PSCs

Mr Andrew Thomas Wall

Ceased 01/12/2016

Mr Peter Thompson

Ceased 09/01/2020

Charges1 outstanding

Charge
outstanding

MEIF WM DEBT LP ACTING BY ITS GENERAL PARTNER MAVEN MEIF (WM) GP (ONE) LIMITED

Created 11/11/2021Registered 19/11/2021

CompanyRankvs 38402+ SIC 62090 peers
35

Financial strength1th percentile among SIC peers · 0/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.69× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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38402Wearable Link Limited
40
How is this score calculated?
Financial strength0/25 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.

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.

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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2025

Net Worth

-£471k

Balance sheet strength

Cash

£109k

Cash in the bank

Net Current Assets

-£123k

Working capital

Current Assets

£280k

Current Liabilities

£404k

Fixed Assets

£6k

Debtors

£105k

6avg. employees

Balance Sheet

Intangible assets£0
Assets less current liabilities-£117k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.69-£28k
20240.78+£122k
20230.81—

Derived from filed accounts. Not audited figures.