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Explorer Ways Limited

12564857

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

12 HARROWBY PLACE, WILLENHALL, WV13 2RA
Incorporated 20/04/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56210
Event catering activities
62020
Information technology consultancy activities
88910
Child day-care activities

Officers

Ms Ibironke Adelana

director · Since 20/04/2020

CHILD MINDER

NIGERIAN · UNITED KINGDOM · Age 48

Also on 1 other board

Persons with Significant Control

Ms Ibironke Adelana

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

Nigerian · United Kingdom · Age 48

12, Harrowby Place, Willenhall, WV13 2RA

Notified 20/04/2020

Former PSCs

Mr Adesegun Adewale Adelana

Ceased 01/05/2020

CompanyRankvs 2303+ SIC 56210 peers
71

Financial strength86th percentile among SIC peers · 22/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 1.55× · 16/20
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 strength22/25 pts

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

Employees12/15 pts

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

Liquidity16/20 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 31/03/2025

Net Worth

£32k

Balance sheet strength

Cash

£66k

Cash in the bank

Net Current Assets

£23k

Working capital

Current Assets

£66k

Current Liabilities

£42k

Fixed Assets

£9k

Debtors

£2

4avg. employees+2
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20251.55+£14k
20241.23

Derived from filed accounts. Not audited figures.