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Wholesale Welding Supplies Limited

01684362

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

UNIT 2 THE ORBITAL CENTRE, LETCHWORTH GARDEN CITY, SG6 1ET
Incorporated 06/12/1982

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 26/07/2025

Due 09/08/2026

On track

Industry

46690
Wholesale of other machinery and equipment

Officers

Mr Peter Ian Rowlands

director · Since 01/03/2019

DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 19 other boards

Mr Richard James Moore

director · Since 28/02/2021

DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 1 other board

Persons with Significant Control

Indutrade Uk Limited

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

Ellard House, Floats Road, Manchester, M23 9WB

Reg: 09287563 · Uk Company Registry · Limited Company

Notified 01/03/2019

Former PSCs

Mr Adrian Richard Hawkins

Ceased 01/03/2019

Mrs Jennifer Angela Hawkins

Ceased 01/03/2019

Charges2 outstanding

Charge
satisfied

HSBC BANK PLC

Created 30/04/2014Registered 02/05/2014Satisfied 01/05/2024
charge
outstanding

BARCLAYS BANK PLC

Created 30/03/2007Registered 13/04/2007
charge
satisfied

HSBC BANK PLC

Created 28/04/2004Registered 01/05/2004Satisfied 01/11/2021
charge
outstanding

BARCLAYS BANK PLC

Created 29/08/2003Registered 18/09/2003
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 30/07/1990Registered 02/08/1990Satisfied 16/12/2006
charge
satisfied

BARCLAYS BANK PLC

Created 03/06/1987Registered 10/06/1987Satisfied 26/10/1990
charge
satisfied

BARCLAYS BANK PLC

Created 08/06/1983Registered 14/06/1983Satisfied 04/06/1991

CompanyRankvs 1604+ SIC 46690 peers
54

Financial strength98th percentile among SIC peers · 25/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.86× · 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 strength25/25 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.

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 31/12/2024

Net Worth

£5.4M

Balance sheet strength

Cash

£112

Cash in the bank

Net Current Assets

-£635k

Working capital

Current Assets

£3.8M

Current Liabilities

£4.4M

Fixed Assets

£6.1M

Debtors

£1.3M

Profit After Tax

-£771k

0avg. employees-36

Tax at Year End(2023)

Dividends paid£200k

People Costs(2021)

Wages & salaries£1.4M
NI contributions£152k

Balance Sheet

Intangible assets£152k
Assets less current liabilities£5.4M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.86-£1.3M
20231.18-£771k
20221.52-£1.1M
20212.40-£477k
20204.90-£745k
20194.01+£1.0M
20193.58+£2.7M
20172.37

Derived from filed accounts. Not audited figures.