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The Worthing Well Ltd

14192174

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

Details

79 ROWLANDS ROAD, WORTHING, BN11 3JN
Incorporated 23/06/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56302
Public houses and bars

Officers

Mr Joel Christopher Penny

director · Since 23/06/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 1 other board

Persons with Significant Control

Mr Joel Christopher Penny

75–100% shares
75–100% votes

British · United Kingdom · Age 44

79, Rowlands Road, Worthing, BN11 3JN

Notified 20/06/2023

Former PSCs

Mr Joel Christopher Penny

Ceased 20/06/2023

Miss Fleur Isabella Therese Penny

Ceased 20/06/2023

CompanyRankvs 19191+ SIC 56302 peers
26

Financial strength24th percentile among SIC peers · 6/25
Employees33th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.66× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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19191The Worthing Well Ltd
32
How is this score calculated?
Financial strength6/25 pts

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

Employees5/15 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.

Longevity4/15 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

assessment. Based on these assessments and having regard to the resources available, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in the financial statements. Page 3 The Worthing Well Ltd trading as The Signal Post Notes to the Unaudited Financial Statements for the period from 1 July 2024 to 31 August 2025 Revenue r

Key FinancialsYear ending 31/08/2025

Net Worth

-£14k

Balance sheet strength

Cash

£14k

Cash in the bank

Net Current Assets

-£53k

Working capital

Current Assets

£102k

Current Liabilities

£154k

Fixed Assets

£39k

Debtors

£85k

2avg. employees
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20250.66+£53k
20240.24—

Derived from filed accounts. Not audited figures.