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W2y Applications Ltd

13396194

active
Private Limited Company
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)

Details

AUCTION ROOMS, LONDON, NW1 8NJ
Incorporated 14/05/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mehul Shirish Oswal

director · Since 14/05/2021

DIRECTOR

INDIAN · ENGLAND · Age 35

Also on 1 other board

Persons with Significant Control

Mehul Shirish Oswal

75–100% shares

British · England · Age 35

Auction Rooms, 5-7 Buck Street, London, NW1 8NJ

Notified 14/05/2021

CompanyRankvs 44071+ SIC 62012 peers
37

Financial strength18th percentile among SIC peers · 5/25
Employees43th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.72× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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44071W2y Applications Ltd
33
How is this score calculated?
Financial strength5/25 pts

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

Employees6/15 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.

Longevity5/15 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.

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

Key FinancialsYear ending 31/05/2025

Net Worth

-£535

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£535

Working capital

Current Assets

£1k

Current Liabilities

£2k

Fixed Assets

£277

1avg. employees

Balance Sheet

Assets less current liabilities-£535
Signed by 1.6.24Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent Ratio
20250.72
20240.61
20230.28
20221.01

Derived from filed accounts. Not audited figures.