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Ips (Iow) Ltd

12505298

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

10 PARK ROAD, SHANKLIN, PO37 6AY
Incorporated 09/03/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43220
Plumbing, heat and air-conditioning installation
74202
Other specialist photography
82110
Combined office administrative service activities

Officers

Mr Brian Wakefield

director · Since 09/03/2020

DIRECTOR

BRITISH · ENGLAND · Age 68

Also on 2 other boards

Mrs Kathryn Wakefield

director · Since 09/03/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Persons with Significant Control

Mrs Kathryn Wakefield

25–50% shares
25–50% votes

British · United Kingdom · Age 63

10, Park Road, Shanklin, PO37 6AY

Notified 09/03/2020

Mr Brian Wakefield

25–50% shares
25–50% votes

British · England · Age 68

10, Park Road, Shanklin, PO37 6AY

Notified 09/03/2020

CompanyRankvs 19427+ SIC 43220 peers
50

Financial strength2th percentile among SIC peers · 1/25
Employees55th percentile among SIC peers · 8/15
LiquidityCurrent ratio 3.83× · 20/20
Longevity6 years trading (max 15) · 6/15
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.

Employees8/15 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.

Longevity6/15 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 31/03/2024

Net Worth

-£38k

Balance sheet strength

Cash

£65k

Cash in the bank

Net Current Assets

£48k

Working capital

Current Assets

£65k

Current Liabilities

£17k

2avg. employees

Tax at Year End

Corp tax£7k
VAT£8k

Director Loans

Company owes directors£61k

Balance Sheet

Assets less current liabilities£48k
Signed by Mr Brian Wakefield Mrs Kathryn Wakefield 30/12/2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20243.83-£1£159k
20235.11+£2k£116k
20229.50+£7k£15k
20218.67

Derived from filed accounts. Not audited figures.