Wales Environmental Limited
02530769
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 5 outstanding charges (-10)
Details
Compliance
Last accounts
31/12/2024
audit exemption subsidiary
Next accounts due
30/09/2026
Confirmation statement
Last: 05/05/2026
Due 19/05/2027
Industry
Officers
director · Since 07/03/2011
DIRECTOR
BRITISH · UNITED KINGDOM · Age 47
Also on 1 other board
director · Since 21/05/2018
FINANCE DIRECTOR
BRITISH · WALES · Age 56
Also on 1 other board
director · Since 21/11/2022
GENERAL MANAGER
BRITISH · ENGLAND · Age 50
Also on 7 other boards
director · Since 21/11/2022
FINANCE MANAGER
BRITISH · ENGLAND · Age 49
Also on 11 other boards
director · Since 21/11/2022
OFFICE MANAGER
BRITISH · ENGLAND · Age 48
Also on 7 other boards
Persons with Significant Control
Drains Direct (Uk) Limited
The Old Airfield, Templeton, Narberth, SA67 8SR
Reg: 07349536 · England And Wales · Limited Company
Notified 18/08/2016
Charges5 outstanding
HSBC UK BANK PLC
FINANCE WALES INVESTMENTS (8) LTD
HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED
HSBC BANK PLC
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LTD (“THE SECURITY HOLDER�)
HSBC INVOICE FINANCE (UK) LTD (“THE SECURITY HOLDER�)
ADRIAN JOYCE
FINANCE WALES INVESTMENTS (6) LIMITED
LLOYDS BANK PLC
CompanyRankvs 105+ SIC 38110 peers70
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d
Key FinancialsYear ending 31/03/2022
Turnover
£6.8M
Annual revenue
Net Worth
£4.7M
Balance sheet strength
Cash
£21k
Cash in the bank
Profit Before Tax
£420k
Bottom line earnings
Net Current Assets
£3.7M
Working capital
Current Assets
£5.1M
Current Liabilities
£1.4M
Fixed Assets
£1.4M
Debtors
£5.1M
Cost of Sales
£4.7M
Gross Profit
£2.1M
Admin Expenses
£1.7M
Operating Profit
£330k
Profit After Tax
£382k
Tax at Year End(2019)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2022 | 3.64 | +£382k | — |
| 2021 | 3.19 | +£20k | — |
| 2020 | 3.07 | +£5k | — |
| 2019 | 3.24 | — | £4.8M |
Derived from filed accounts. Not audited figures.