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Novacorp Networks Limited

13025300

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)
  • Going concern doubt noted in accounts (-10)

Details

167-169 GREAT PORTLAND STREET, LONDON, W1W 5PF
Incorporated 17/11/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Paul Wedgwood

director · Since 17/11/2020

CEO AND EXECUTIVE CHAIRMAN

BRITISH · ENGLAND · Age 56

Also on 3 other boards

Mr Michael Thomas Virks

director · Since 01/02/2026

BRITISH · ENGLAND · Age 50

Also on 2 other boards

Persons with Significant Control

Supernova Capital Three Limited

75–100% shares
75–100% votes
Appoint directors

3rd Floor, One London Square, Guildford, GU1 1UN

Reg: 12980587 · Uk Register Of Companies · Private Company Limited By Shares

Notified 17/11/2020

CompanyRankvs 46346+ SIC 62090 peers
26

Financial strength14th percentile among SIC peers · 4/25
Employees70th percentile among SIC peers · 11/15
LiquidityNo balance sheet data · 0/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength4/25 pts

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

Employees11/15 pts

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

Liquidity0/20 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

owner not provide support to the group, then these circumstances would indicate the existence of a material uncertainty that may cast doubt over the ability of the company to continue as a going concern. After having made enquiries with the ultimate beneficial owner, the directors have a reasonable expectation that the parent company will continue to be able to provide financial support

Key FinancialsYear ending 31/03/2024

Net Worth

-£5k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£106k

Working capital

Current Assets

Current Liabilities

£107k

Debtors

£979

2avg. employees+2
Prepared with Caseware UK (AP4) 2024.0.164