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Independent Welding Services Limited

01905241

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT 1, 11 DOUGLAS ROAD, BRISTOL, BS15 8NH
Incorporated 15/04/1985

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

33120
Repair of machinery

Officers

Mr Errol Anthony Thompson

secretary · Since 04/10/1992

BRITISH · ENGLAND · Age 68

Also on 15 other boards

Mr Garry William Rendall

director · Since 04/10/1992

WIRE SPECIALIST

BRITISH · UNITED KINGDOM · Age 66

Also on 1 other board

Mr Errol Anthony Thompson

director · Since 04/10/1992

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 68

Also on 15 other boards

Persons with Significant Control

Mr Errol Anthony Thompson

25–50% shares

British · England · Age 68

Unit 1, 11, Douglas Road, Bristol, BS15 8NH

Notified 04/10/2016

Mr Gary Rendall

25–50% shares

British · England · Age 66

Unit 1, 11, Douglas Road, Bristol, BS15 8NH

Notified 04/10/2016

Charges1 outstanding

charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/11/2008Registered 25/11/2008Satisfied 12/05/2010
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 13/10/1989Registered 20/10/1989
charge
satisfied

LLOYDS BANK PLC

Created 16/05/1988Registered 18/05/1988Satisfied 22/02/1991

CompanyRankvs 1207+ SIC 33120 peers
60

Financial strength85th percentile among SIC peers · 21/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.96× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1207Independent Welding Services Limited
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How is this score calculated?
Financial strength21/25 pts

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

Employees13/15 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

£234k

Balance sheet strength

Cash

£10k

Cash in the bank

Net Current Assets

-£9k

Working capital

Current Assets

£205k

Current Liabilities

£214k

Fixed Assets

£335k

Debtors

£154k

5avg. employees

Balance Sheet

Bank loans & overdrafts£7k
Assets less current liabilities£325k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.96-£48k
20241.25+£206
20231.33+£56k
20221.57+£35k
20211.18+£67k
20200.68-£13k
20190.60-£17k
20170.54—

Derived from filed accounts. Not audited figures.