Practical Wisdom Limited
12568609
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
30/04/2025
total exemption full
Next accounts due
31/01/2027
Confirmation statement
Last: 21/04/2026
Due 05/05/2027
Industry
Officers
Former
director · Resigned 15/06/2021
director · Resigned 15/06/2021
director · Resigned 30/06/2023
director · Resigned 30/06/2023
Persons with Significant Control
Ms Helen Davies
British · England · Age 56
Co Richards Associates Ltd, North Lodge, Hawkesyard, Rugeley, WS15 1PS
Notified 22/04/2020
Change History
Active
PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
CO RICHARDS ASSOCIATES LTD, NORTH LODGE
RUGELEY
CompanyRankvs 104897+ SIC 96090 peers29
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 30/04/2025
Net Worth
-£21k
Balance sheet strength
Cash
£5k
Cash in the bank
Net Current Assets
-£21k
Working capital
Current Assets
£23k
Current Liabilities
£44k
Fixed Assets
£109
Debtors
£18k
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.52 | -£120 |
| 2024 | 0.07 | +£17k |
Derived from filed accounts. Not audited figures.