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Proweld Uk Limited

02618352

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

CASTLE HILL INSOLVENCY, 1 BATTLE ROAD, NEWTON ABBOT, TQ12 6RY
Incorporated 07/06/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46900
Non-specialised wholesale trade

Officers

Mr Paul Antony Valente

director · Since 14/09/1991

SALES MANAGER

BRITISH · UNITED KINGDOM · Age 62

Also on 3 other boards

Persons with Significant Control

Mr Paul Antony Valente

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

British · United Kingdom · Age 62

The Orchard, Watergate, Plymouth, PL9 0EL

Notified 06/04/2016

Former PSCs

Mr Philip Anthony Howlin

Ceased 31/07/2020

Charges1 outstanding

Charge
outstanding

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 27/02/2025Registered 27/02/2025
Charge
satisfied

ABN AMRO ASSET BASED FINANCE N.V.

Created 29/09/2021Registered 29/09/2021Satisfied 28/02/2025
charge
satisfied

BARCLAYS BANK PLC

Created 16/05/2003Registered 21/05/2003Satisfied 12/07/2021
charge
satisfied

VENTURE FINANCE PLC

Created 18/12/2002Registered 23/12/2002Satisfied 04/10/2021
charge
satisfied

BARCLAYS BANK PLC

Created 29/02/2000Registered 09/03/2000Satisfied 12/07/2021
charge
satisfied

BARCLAYS BANK PLC

Created 01/11/1991Registered 11/11/1991Satisfied 12/07/2021

CompanyRankvs 15+ SIC 46900 peers
32

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.08× · 12/20
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 strength0/25 pts

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

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 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 31/05/2024

Net Worth

£27k

Balance sheet strength

Cash

£16k

Cash in the bank

Net Current Assets

£28k

Working capital

Current Assets

£397k

Current Liabilities

£369k

Fixed Assets

£12k

Debtors

£243k

6avg. employees+2

Balance Sheet

Bank loans & overdrafts£21k
Assets less current liabilities£40k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.08+£7k
20231.11+£170
20221.12+£2k
20211.17—

Derived from filed accounts. Not audited figures.