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Work Friends Ltd

11798786

active
Private Limited Company
Companies House
Health Score
72 / 100

Some Concerns

30/30
Filing
10/30
Financial
32/40
Risk
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

TINDAL HOUSE, CHELMSFORD, CM1 1EH
Incorporated 31/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Craig Williams

director · Since 31/01/2019

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 4 other boards

Persons with Significant Control

Mr Craig Williams

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

British · England · Age 49

Tindal House, Tindal Square, Chelmsford, CM1 1EH

Notified 31/01/2019

Former PSCs

Mr Richard Quick

Ceased 31/01/2020

Charges4 outstanding

Charge
outstanding

YORKSHIRE BUILDING SOCIETY

Created 02/06/2023Registered 12/06/2023
Charge
outstanding

YORKSHIRE BUILDING SOCIETY

Created 02/06/2023Registered 12/06/2023
Charge
outstanding

HAMPSHIRE TRUST BANK PLC

Created 11/03/2022Registered 24/03/2022
Charge
outstanding

HAMPSHIRE TRUST BANK PLC

Created 11/03/2022Registered 24/03/2022
Charge
satisfied

RICHARD JAMES QUICK

Created 19/02/2020Registered 26/02/2020Satisfied 11/11/2022
Charge
satisfied

TOGETHER COMMERCIAL FINANCE LIMITED

Created 02/09/2019Registered 09/09/2019Satisfied 09/02/2022
Charge
satisfied

TOGETHER COMMERCIAL FINANCE LIMITED

Created 02/09/2019Registered 06/09/2019Satisfied 09/02/2022

CompanyRankvs 116013+ SIC 68209 peers
41

Financial strength92th percentile among SIC peers · 23/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.46× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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116013Work Friends Ltd
50
How is this score calculated?
Financial strength23/25 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.

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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

£781k

Balance sheet strength

Cash

£20k

Cash in the bank

Net Current Assets

-£352k

Working capital

Current Assets

£302k

Current Liabilities

£654k

Fixed Assets

£8.5M

Debtors

£282k

0avg. employees

Tax at Year End(2023)

Corp tax£0

Balance Sheet

Assets less current liabilities£8.2M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.46+£328k
20240.28+£1.8M
20230.01—

Derived from filed accounts. Not audited figures.