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Thirdwave Ai Ltd

11425836

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

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

Details

3RD FLOOR THE COADE, LONDON, SE11 5EL
Incorporated 21/06/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities
74909
Other professional, scientific and technical activities

Officers

Miss Wing Yin Winnie Choi

director · Since 21/06/2018

COMPANY DIRECTOR

BRITISH · GUERNSEY · Age 50

Mr Fai Tong Chung

director · Since 21/06/2018

CHIEF EXECUTIVE

BRITISH · GUERNSEY · Age 51

Persons with Significant Control

Mr Fai Tong Chung

50–75% shares
50–75% votes
Appoint directors

British · Guernsey · Age 51

3rd Floor, The Coade, London, SE11 5EL

Notified 21/06/2018

Miss Wing Yin Winnie Choi

25–50% shares
25–50% votes
Appoint directors

British · Guernsey · Age 50

3rd Floor, The Coade, London, SE11 5EL

Notified 21/06/2018

CompanyRankvs 83781+ SIC 62020 peers
41

Financial strength2th percentile among SIC peers · 1/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.8× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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83781Thirdwave Ai Ltd
37
How is this score calculated?
Financial strength1/25 pts

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

Employees11/15 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.

Longevity8/15 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

-£86k

Balance sheet strength

Cash

£176

Cash in the bank

Net Current Assets

-£107k

Working capital

Current Assets

£418k

Current Liabilities

£525k

Fixed Assets

£22k

Debtors

£296

2avg. employees

Tax at Year End

Corp tax£2k

Balance Sheet

Assets less current liabilities-£86k
Prepared with Caseware UK (AP4) 2025.0.111

EstimatesDerived

YearCurrent RatioImplied Profit
20250.80+£0
20250.80-£149k
20241.04+£86k
20230.90-£23k
20220.93-£197k
20212.13—

Derived from filed accounts. Not audited figures.