Wearwell (Uk) Limited
02993093
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 5 outstanding charges (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 22/11/2025
Due 06/12/2026
Industry
Officers
director · Since 10/08/2017
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 6 other boards
Persons with Significant Control
Wearwell Group Limited
Gargarin, Lichfield Road, Tamworth, B79 7TR
Reg: 04570754 · Companies House · Company Limited By Shares
Notified 06/04/2016
Former PSCs
Mrs Beate-Maria Veronika Elisabeth Greasley
Ceased 10/08/2017
Mr Garry Clayton
Ceased 10/08/2017
Charges5 outstanding
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HSBC UK BANK PLC
HSBC INVOICE FINANCE (UK) LTD
HSBC INVOICE FINANCE (UK) LTD
HSBC UK BANK PLC
HSBC UK BANK PLC
ROCKPOOL (SECURITY TRUSTEE) LIMITED
HSBC INVOICE FINANCE (UK) LIMITED (THE SECURITY HOLDER)
HSBC BANK PLC
DICKIES WEARWELL LIMITED
MIDLAND BANK PLC
MIDLAND BANK PLC
CompanyRankvs 15+ SIC 14120 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 director with respect to g
Key FinancialsYear ending 31/12/2024
Net Worth
£9.0M
Balance sheet strength
Cash
£1k
Cash in the bank
Profit Before Tax
£259k
Bottom line earnings
Net Current Assets
£8.0M
Working capital
Current Assets
£12.0M
Current Liabilities
£4.0M
Fixed Assets
£1.6M
Debtors
£9.0M
Admin Expenses
£1.6M
Profit After Tax
£283k
Tax at Year End(2023)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.01 | +£283k |
| 2023 | 3.29 | — |
Derived from filed accounts. Not audited figures.