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Nova Wealth Ltd

10739796

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

20 FARRINGDON STREET, LONDON, EC4A 4AB
Incorporated 25/04/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
64999
Other financial service activities

Officers

Mr Joseph Anthony Alexander Mclean

director · Since 13/11/2019

DIRECTOR

ENGLISH · ENGLAND · Age 40

Also on 4 other boards

Andrew Lawley Mcmillan

director · Since 13/11/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 37

Persons with Significant Control

Nova Wealth Holdings Ltd

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

20, Farringdon Street, London, EC4A 4AB

Reg: 10738861 · Companies House · Limited By Shares

Notified 25/04/2017

CompanyRankvs 1865+ SIC 62012 peers
73

Financial strength96th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.74× · 20/20
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 strength24/25 pts

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

Employees15/15 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.

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

the performance of the Company, the Directors are satisfied that there is no material uncertainty leading to a significant doubt in this regard and that it is appropriate to continue to adopt the going concern basis in preparing the financial statements. Page 5 NOVA WEALTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2. Accounting policies (continued) 2.4 Revenue

Key FinancialsYear ending 30/04/2025

Net Worth

£873k

Balance sheet strength

Cash

£245k

Cash in the bank

Net Current Assets

£840k

Working capital

Current Assets

£1.3M

Current Liabilities

£483k

Fixed Assets

£33k

Debtors

£1.1M

64avg. employees+8

Balance Sheet

Assets less current liabilities£873k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20252.74-£663k
20243.65—

Derived from filed accounts. Not audited figures.