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Weco Engineering Limited

01003271

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

NEW GREEN INDUSTRIAL ESTATE NORWICH ROAD, THETFORD, IP25 6JU
Incorporated 24/02/1971

Compliance

Last accounts

30/06/2025

unaudited abridged

Next accounts due

31/03/2027

On track

Confirmation statement

Last: 01/12/2025

Due 15/12/2026

On track

Industry

28990
Manufacture of other special-purpose machinery

Officers

Mr John Paul Mccarthy

director · Since 08/08/1991

ENGINEER

BRITISH · ENGLAND · Age 87

Also on 4 other boards

Persons with Significant Control

Mr John Paul Mccarthy

Significant control

British · England · Age 87

New Green Industrial Estate, Norwich Road, Thetford, IP25 6JU

Notified 30/07/2016

Weco Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Weco Holdings Limited, Griston Road, Watton, IP25 6DL

Reg: 01570478 · Companies House, Cardiff · Private Limited Company

Notified 30/11/2020

Charges2 outstanding

charge
outstanding

HSBC BANK PLC

Created 29/08/2012Registered 11/09/2012
charge
outstanding

MIDLAND BANK PLC

Created 05/04/1991Registered 11/04/1991
charge
satisfied

LLOYDS BANK PLC

Created 07/10/1983Registered 26/10/1983Satisfied 01/12/1992
charge
satisfied

LLOYDS BANK PLC

Created 25/03/1975Registered 02/04/1975Satisfied 01/12/1992
charge
satisfied

COUNCIL FOR SMALL INDUSTRIES IN RURAL AREAS

Created 15/05/1974Registered 16/05/1974Satisfied 01/12/1992
charge
satisfied

COUNCIL FOR SMALL INDUSTRIES IN RURAL AREAS

Created 02/03/1973Registered 20/03/1973Satisfied 01/12/1992

CompanyRankvs 1112+ SIC 28990 peers
56

Financial strength73th percentile among SIC peers · 18/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.59× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength18/25 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.

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.

Longevity15/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/06/2025

Net Worth

£410k

Balance sheet strength

Cash

£164k

Cash in the bank

Net Current Assets

-£285k

Working capital

Current Assets

£413k

Current Liabilities

£699k

Fixed Assets

£696k

Debtors

£213k

10avg. employees
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.59+£21k
20240.52+£22k
20230.58+£21k
20220.65+£37k
20211.26+£2k
20201.14-£3k
20191.60—

Derived from filed accounts. Not audited figures.