Dear Wealth Ltd

Dear Wealth Ltd, based in Wokingham, UK, is a small, active company established five years ago. With just £42 in assets and a virtual address, it’s a solo venture led by a single director and owner. The company operates in both retail mail order and advertising agencies, a somewhat unusual combination.

The business’s website reveals a more detailed picture: Generational Wealth offered estate planning services. However, the site now announces the company's closure due to insurmountable economic pressure following the failure of a key corporate relationship. The site details a schedule for returning documents to clients and provides links for those introduced by various mortgage and legal firms, including Countrywide Mortgage Services, Redstone Wills, and Trust Inheritance. It also offers contact details for alternative estate planning companies.

Financially, Dear Wealth Ltd presents a concerning picture. Current assets have fallen dramatically, plummeting 100% to just £42. Bank cash has also seen a significant drop, decreasing by 90% to £42. While creditors have increased by 47%, suggesting growing debts, equity has seen a substantial boost, increasing by 690% to £5,300. Despite these changes, net assets have also increased significantly to £5,300. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp decline in cash reserves and the closure announcement raise serious questions about its long-term viability. No auditor is mentioned, consistent with its status as a small, exempt company. It appears that the company’s reliance on a single corporate relationship proved to be its downfall, and while it’s working to fulfill outstanding client matters, the closure signals a difficult end to its journey.

Registered in England/Wales under the registration number 12411306, with a registered address at RG40 1LY, England, Wokingham, 1 Peach Place.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.