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Derrick Wells Limited

02538105

active
Private Limited Company
england wales
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

12 HELMET ROW, LONDON, EC1V 3QJ
Incorporated 07/09/1990

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 07/09/2025

Due 21/09/2026

On track

Industry

45111
Sale of new cars and light motor vehicles

Officers

Derrick Gordon Wells

director · Since 07/09/1992

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 70

Also on 5 other boards

Diana Beatrice Wells

secretary · Since 01/10/2004

BRITISH · Age 61

Mr George Patrick Charles Wells

director · Since 04/10/2013

DIRECTOR

BRITISH · ENGLAND · Age 41

Persons with Significant Control

Derrick Gordon Wells

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

British · England · Age 70

Common Farm, Marlesford, Woodbridge, IP13 0BY

Notified 06/04/2016

Former PSCs

Leigh Carr Company Secretarial Services Limited

Ceased 22/08/2018

Charges1 outstanding

Charge
outstanding

HSBC BANK PLC

Created 06/01/2016Registered 06/01/2016

CompanyRankvs 713+ SIC 45111 peers
64

Financial strength64th percentile among SIC peers · 16/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 1.86× · 16/20
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 strength16/25 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.

Liquidity16/20 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 31/10/2024

Net Worth

£92k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

£136k

Working capital

Current Assets

£295k

Current Liabilities

£158k

Fixed Assets

£21k

Debtors

£40k

12avg. employees

Balance Sheet

Intangible assets£0
Assets less current liabilities£157k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.86-£23k
20231.85+£7k
20211.87+£98k
20202.29+£4k
20192.04

Derived from filed accounts. Not audited figures.