Ifwines Ltd
12965646
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 21/10/2020
secretary · Since 21/10/2020
Persons with Significant Control
Mr Ricardo Forn Palacin
Spanish · Spain · Age 54
20-22, Wenlock Road, London, N1 7GU
Notified 21/10/2020
Mr Ian Xavier Forn Palacin
Spanish · Spain · Age 47
20-22, Wenlock Road, London, N1 7GU
Notified 21/10/2020
CompanyRankvs 21209+ SIC 47110 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 31/10/2024
Net Worth
-£21k
Balance sheet strength
Cash
£12k
Cash in the bank
Net Current Assets
-£21k
Working capital
Current Assets
£24k
Current Liabilities
£45k
Debtors
£12k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 0.54 | +£9k | £187k |
| 2023 | 0.46 | -£52k | £231k |
| 2022 | 1.33 | +£2k | £382k |
| 2021 | 1.10 | — | £2.1M |
Derived from filed accounts. Not audited figures.