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World Chess Events Limited

10592553

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)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

EASTCASTLE HOUSE, LONDON, W1W 8DH
Incorporated 31/01/2017

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 18/04/2026

Due 02/05/2027

On track

Industry

74909
Other professional, scientific and technical activities

Officers

Ilya Merenzon

director · Since 31/01/2017

COMPANY DIRECTOR

ISRAELI · GERMANY · Age 49

Also on 1 other board

Msp Corporate Services Limited

secretary · Since 01/01/2022

Also on 237 other boards

Persons with Significant Control

World Chess Plc

75–100% shares
75–100% votes
Appoint directors

Eastcastle House, 27/28 Eastcastle Street, London, W1W 8DH

Reg: 10589323 · Companies House · Public Limited Company

Notified 31/01/2017

Former PSCs

Ilya Merenzon

Ceased 31/01/2017

CompanyRankvs 477600+ SIC 74909 peers
30

Financial strength0th percentile among SIC peers · 0/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 1.83× · 16/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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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.

Employees0/15 pts

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

Liquidity16/20 pts

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

Longevity9/15 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

Going concern doubt: -10 pts

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

Going Concern Doubt

receivables and net foreign currency gains/(loss) related to borrowings. Capital risk management The company's objectives when managing capital are to safeguard the company's ability to continue as a going concern in order to provide returns for the company's shareholder, World Chess Events PLC, and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cost of

Key FinancialsYear ending 31/12/2018

Turnover

£2.1M

Annual revenue

Net Worth

-£4.3M

Balance sheet strength

Cash

£155k

Cash in the bank

Profit Before Tax

-£4.1M

Bottom line earnings

Net Current Assets

£691k

Working capital

Current Assets

£1.5M

Current Liabilities

£831k

Fixed Assets

£1.7M

Debtors

£1.3M

Cost of Sales

£3.5M

Gross Profit

-£1.3M

Admin Expenses

£2.8M

Operating Profit

-£4.2M

Profit After Tax

-£4.1M

Balance Sheet

Intangible assets£1.7M
Interest payable£78k
Assets less current liabilities£2.4M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20181.83

Derived from filed accounts. Not audited figures.