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Ifwines Ltd

12965646

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

20-22 WENLOCK ROAD, LONDON, N1 7GU
Incorporated 21/10/2020

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 20/10/2025

Due 03/11/2026

On track

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mr Ian Forn

secretary · Since 21/10/2020

Mr Ricardo Forn

secretary · Since 21/10/2020

Mr Ian Xavier Forn Palacin

director · Since 21/10/2020

COMPANY DIRECTOR

SPANISH · SPAIN · Age 47

Mr Ricardo Forn Palacin

director · Since 21/10/2020

COMPANY DIRECTOR

SPANISH · SPAIN · Age 54

Persons with Significant Control

Mr Ian Xavier Forn Palacin

25–50% shares

Spanish · Spain · Age 47

20-22, Wenlock Road, London, N1 7GU

Notified 21/10/2020

Mr Ricardo Forn Palacin

25–50% shares

Spanish · Spain · Age 54

20-22, Wenlock Road, London, N1 7GU

Notified 21/10/2020

CompanyRankvs 20522+ SIC 47110 peers
17

Financial strength4th percentile among SIC peers · 1/25
Employees20th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.29× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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20522Ifwines Ltd
26
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.

Employees3/15 pts

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

Liquidity2/20 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 The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going conc

Key FinancialsYear ending 31/10/2025

Net Worth

-£61k

Balance sheet strength

Cash

£15k

Cash in the bank

Net Current Assets

-£61k

Working capital

Current Assets

£25k

Current Liabilities

£86k

Debtors

£11k

1avg. employees

Tax at Year End

VAT£2k

Balance Sheet

Assets less current liabilities-£61k
Signed by Mr Ricardo Forn Palacin 17/07/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.29-£40k£41k
20240.54+£9k£187k
20230.46—£231k

Derived from filed accounts. Not audited figures.