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Credence Wealth Limited

12151480

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

C/O LATEST CONSULTANCY UK LTD, 176, LONDON, SW17 8HH
Incorporated 12/08/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
66190
Other activities auxiliary to financial services
70221
Financial management

Officers

Dr Chakshay Kumar Sharma

director · Since 12/08/2019

DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 2 other boards

Persons with Significant Control

Dr Chakshay Kumar Sharma

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

British · England · Age 43

C/O Latest Consultancy Uk Ltd, 176, Franciscan Road, London, SW17 8HH

Notified 12/08/2019

CompanyRankvs 30146+ SIC 62012 peers
46

Financial strength14th percentile among SIC peers · 4/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 91.75× · 20/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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30146Credence Wealth Limited
45
How is this score calculated?
Financial strength4/25 pts

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

Employees0/15 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.

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 31/08/2025

Net Worth

-£4k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£27k

Working capital

Current Assets

£28k

Current Liabilities

£300

Balance Sheet

Assets less current liabilities£27k
Signed by Dr Chakshay Sharma 19/05/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202591.75-£1k
20240.93-£12

Derived from filed accounts. Not audited figures.