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Uk Working Capital Limited

13421834

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

82 KING STREET, MANCHESTER, M2 4WQ
Incorporated 26/05/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64921
64921

Officers

Mr Benjamin James

director · Since 26/05/2021

GROUP CEO

BRITISH · SWITZERLAND · Age 44

Also on 3 other boards

Persons with Significant Control

Tradeplus24 Limited

75–100% shares

77 Charlotte Street, Charlotte Street, London, W1T 4PW

Reg: 134206012 · Companies House · Limited

Notified 26/05/2021

Former PSCs

Tradeplus24

Ceased 26/05/2021

Charges1 outstanding

Charge
outstanding

STICHTING SECURITY TRUSTEE TRADEPLUS24

Created 26/07/2023Registered 02/08/2023
Charge
satisfied

PARTNERS FOR GROWTH VI, L.P. AS AGENT AND TRUSTEE FOR THE SECURED PARTIES

Created 24/08/2022Registered 24/08/2022Satisfied 26/07/2023
Charge
satisfied

PARTNERS FOR GROWTH VI, L.P. AS SECURITY TRUSTEE

Created 05/01/2022Registered 06/01/2022Satisfied 26/07/2023

CompanyRankvs 382+ SIC 64921 peers
33

Financial strength4th percentile among SIC peers · 1/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 11.23× · 20/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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382Uk Working Capital Limited
53
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.

Employees12/15 pts

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

Liquidity20/20 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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

or an alternative source of funds. Page 2 UK WORKING CAPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE 16 MONTH PERIOD ENDED 30 SEPTEMBER 2022 2. Accounting policies (continued) 2.2 Going concern (continued) The above conditions raise doubts over the Company's ability to continue as a going concern and as such the Directors, whilst confident the deal will complete, acknowledge that this gi

Key FinancialsYear ending 30/09/2022

Net Worth

-£384k

Balance sheet strength

Cash

£1.8M

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

£12.2M

Current Liabilities

£1.1M

Debtors

£10.4M

3avg. employees

Balance Sheet

Bank loans & overdrafts£11.5M
Assets less current liabilities£11.1M
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent Ratio
202211.23

Derived from filed accounts. Not audited figures.