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Welding Engineers (Hertford) Limited

01399152

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

MARSH WORKS, WARE, SG12 9QB
Incorporated 10/11/1978

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 10/12/2025

Due 24/12/2026

On track

Industry

33110
Repair of fabricated metal products

CompanyRankvs 105+ SIC 33110 peers
90

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.95× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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.

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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

£1.3M

Balance sheet strength

Cash

£308k

Cash in the bank

Net Current Assets

£1.0M

Working capital

Current Assets

£1.6M

Current Liabilities

£535k

Fixed Assets

£440k

Debtors

£1.2M

Profit After Tax

£362k

37avg. employees-1

Tax at Year End

Corp tax£76k
VAT£14k
Dividends paid£250k

Director Loans

Directors owe company£226

Balance Sheet

Assets less current liabilities£1.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20242.95+£249k£287k
20222.29+£282k£795k
20211.77—£122k

Derived from filed accounts. Not audited figures.