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Wolfex Limited

12956426

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • 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

Accounts

Up to date

Confirmation statement

Up to date

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 67820+ SIC 41100 peers
27

Financial strength11th percentile among SIC peers · 3/25
Employees46th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.94× · 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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67820Wolfex Limited
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

Key FinancialsYear ending 31/10/2024

Net Worth

-£30k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£30k

Working capital

Current Assets

£470k

Current Liabilities

£500k

1avg. employees+1

Balance Sheet

Assets less current liabilities-£30k
Signed by Mr James Young 29 October 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.94+£356k
20230.46-£405k
20226.68-£10k
202119.50—

Derived from filed accounts. Not audited figures.