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Wipe Your Debts Limited

12169612

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

UNIT 1 MOSSFIELD HOUSE, BURY, BL9 6JZ
Incorporated 22/08/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64999
Other financial service activities
73110
Advertising agencies

Officers

Mr Mobasher Hussain Shah

director · Since 24/06/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 39

Also on 4 other boards

Mr Zahier Hussain

director · Since 08/07/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 7 other boards

Persons with Significant Control

Mr Mobasher Hussain Shah

25–50% shares
25–50% votes
Appoint directors
significant-influence-or-control-as-firm

British · United Kingdom · Age 39

38, Layton Drive, Bolton, BL4 8JF

Notified 24/06/2020

Mr Zahier Hussain

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

British · England · Age 45

Unit 1 Mossfield House, Chesham Fold Road, Bury, BL9 6JZ

Notified 08/07/2020

Former PSCs

Miss Sharlene Morris

Ceased 08/07/2020

CompanyRankvs 18246+ SIC 64999 peers
36

Financial strength1th percentile among SIC peers · 0/25
Employees96th percentile among SIC peers · 14/15
LiquidityNo balance sheet data · 0/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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18246Wipe Your Debts Limited
35
How is this score calculated?
Financial strength0/25 pts

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

Employees14/15 pts

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

Liquidity0/20 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 31/08/2021

Net Worth

-£325k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£278k

Working capital

Current Assets

—

Current Liabilities

£280k

Fixed Assets

£2k

11avg. employees

Balance Sheet

Bank loans & overdrafts£49k
Assets less current liabilities-£276k
Prepared with VT Final Accounts

EstimatesDerived

YearImplied Profit
2021-£173k

Derived from filed accounts. Not audited figures.