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W8r Ltd

11788346

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

HORTON PARK, UNIT 4 BERWICK HILL ROAD, NEWCASTLE UPON TYNE, NE13 6BU
Incorporated 25/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
62090
Other information technology service activities

Officers

Mr Kalvin Banks

secretary · Since 25/01/2019

Mr Kalvin Pierre Banks

director · Since 25/01/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 38

Also on 6 other boards

Persons with Significant Control

Mr Kalvin Banks

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

British · United Kingdom · Age 38

Horton Park, Unit 4, Berwick Hill Road, Newcastle Upon Tyne, NE13 6BU

Notified 25/01/2019

CompanyRankvs 51005+ SIC 62012 peers
28

Financial strength2th percentile among SIC peers · 1/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.14× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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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.

Employees3/15 pts

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

Liquidity2/20 pts

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

Longevity7/15 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 31/01/2024

Net Worth

-£375k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£372k

Working capital

Current Assets

£63k

Current Liabilities

£440k

0avg. employees

Balance Sheet

Assets less current liabilities-£372k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.14-£63k
20230.15-£62k
20220.10-£149k
20210.18-£105k
20208.34

Derived from filed accounts. Not audited figures.