Back to search

Pure Mercy Project Cic

14483546

active
Community Interest 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)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)

Details

2 DUDLEY STREET, WALSALL, WS1 3NL
Incorporated 14/11/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

85520
Cultural education
88100
Social work activities without accommodation for the elderly and disabled
88910
Child day-care activities

Officers

Mrs Nike Oluwakemi Afolayan

director · Since 14/11/2022

CARE WORKER

BRITISH · ENGLAND · Age 58

Also on 3 other boards

Ms Sia Kema James

director · Since 14/11/2022

ADMINISTRATOR

BRITISH · ENGLAND · Age 50

Also on 1 other board

Mrs. Stephanie Oluwafunmibi Tosin Theresa Akintola

director · Since 09/10/2025

NURSE

BRITISH · ENGLAND · Age 41

Also on 1 other board

Persons with Significant Control

Mrs Nike Oluwakemi Afolayan

25–50% shares
25–50% votes
Appoint directors

British · England · Age 58

50, Keats Road, Wolverhampton, WV10 8NB

Notified 14/11/2022

CompanyRankvs 6059+ SIC 85520 peers
26

Financial strength6th percentile among SIC peers · 2/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.01× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1Society Of Genealogists(The)
90
2English Folk Dance And Song Society(The)
90
3Ukrainian Religious Society Of St. Sophia Limited
90
4Dawliffe Hall Educational Foundation
90
5Berkshire Young Musicians Trust (The)
90
6Al Furqan Islamic Heritage Foundation
90
7198 Contemporary Arts And Learning Limited
90
8The Sulgrave Manor Trust
90
9Saferworld
90
10The Muslim Cultural Heritage Centre (Mchc) Trust
90
6059Pure Mercy Project Cic
25
How is this score calculated?
Financial strength2/25 pts

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

Employees3/15 pts

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

Liquidity2/20 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.

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

Key FinancialsYear ending 30/11/2023

Turnover

£20k

Annual revenue

Net Worth

-£18k

Balance sheet strength

Cash

£100

Cash in the bank

Profit Before Tax

-£18k

Bottom line earnings

Net Current Assets

£100

Working capital

Current Assets

£100

Current Liabilities

£18k

Fixed Assets

£0

Debtors

£0

Cost of Sales

£0

Gross Profit

£20k

Admin Expenses

£38k

Operating Profit

-£18k

0avg. employees

Balance Sheet

Intangible assets£0
Assets less current liabilities£100
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20230.01

Derived from filed accounts. Not audited figures.