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Wolfex Limited

12956426

active
Private Limited Company
england wales
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)
  • Going concern doubt noted in accounts (-10)

Details

UNIT 3, LETHERINGHAM, IP13 0LZ
Incorporated 16/10/2020

Compliance

Last accounts

31/10/2024

unaudited abridged

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 15/10/2025

Due 29/10/2026

On track

Industry

41100
Development of building projects

Officers

Mr James Young

director · Since 16/10/2020

DIRECTOR

ENGLISH · ENGLAND · Age 47

Also on 3 other boards

Persons with Significant Control

Mr Terence Kenneth Booty

25–50% shares
25–50% votes

English · England · Age 64

Unit 3, Old Park Farm, Letheringham, IP13 0LZ

Notified 16/10/2020

CompanyRankvs 67713+ SIC 41100 peers
27

Financial strength10th percentile among SIC peers · 3/25
Employees45th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.93× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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32
How is this score calculated?
Financial strength3/25 pts

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

Employees7/15 pts

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

Liquidity6/20 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.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure Despite having negative net assets, the directors believe there is no concern regarding the company’s ability to continue as a going concern, as its financial needs are fully suppo

Key FinancialsYear ending 31/10/2025

Net Worth

-£37k

Balance sheet strength

Cash

£999

Cash in the bank

Net Current Assets

-£37k

Working capital

Current Assets

£471k

Current Liabilities

£508k

1avg. employees

Balance Sheet

Assets less current liabilities-£37k
Signed by Mr James Young 31 July 2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.93-£6k
20240.94+£356k
20230.46—

Derived from filed accounts. Not audited figures.