Wear To Work Solutions Limited
10775723
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 23/05/2018
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 67
Also on 6 other boards
Persons with Significant Control
Wearwell Group Holdings Limited
Gargarin, Lichfield Road, Tamworth, B79 7TR
Reg: 14897485 · Register Of England And Wales · Private Limited Company
Notified 09/10/2023
Former PSCs
Mr Guy Edward Nieuwenhuys
Ceased 09/08/2017
Charges1 outstanding
HSBC UK BANK PLC
ROCKPOOL (SECURITY TRUSTEE) LIMITED
CompanyRankvs 236+ SIC 14120 peers32
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£1.3M
Balance sheet strength
Cash
£7
Cash in the bank
Profit Before Tax
-£320k
Bottom line earnings
Net Current Assets
-£3.9M
Working capital
Current Assets
£39k
Current Liabilities
£3.9M
Debtors
£39k
Admin Expenses
£320k
Profit After Tax
-£320k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.01 | +£0 |
| 2023 | 0.01 | — |
Derived from filed accounts. Not audited figures.