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Wearwell (Uk) Limited

02993093

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

GAGARIN, TAMWORTH, B79 7TR
Incorporated 22/11/1994

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 22/11/2025

Due 06/12/2026

On track

Industry

14120
Manufacture of workwear

Officers

Richard Wright

director · Since 10/08/2017

British

Former

John Alan Crossley

secretary · Resigned 08/08/1996

John Alan Crossley

secretary · Resigned 29/03/1995

Beate Maria Greasley

secretary · Resigned 10/08/2017

Victoria Anne Krause

secretary · Resigned 10/04/1995

Derek Alan Thompson

secretary · Resigned 14/08/1996

Argus Nominee Secretaries Limited

corporate nominee secretary · Resigned 10/03/1995

Garry Clayton

director · Resigned 18/08/2020

John Alan Crossley

director · Resigned 25/12/1997

Beate Maria Greasley

director · Resigned 10/08/2017

Quentin Hughes

director · Resigned 23/07/2003

Carl Rooney

director · Resigned 31/07/2022

Derek Alan Thompson

director · Resigned 17/01/2003

Argus Nominee Directors Limited

corporate nominee director · Resigned 10/03/1995

CompanyRankvs 105+ SIC 14120 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.01× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 pts

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

Liquidity20/20 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

Going concern doubt: -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

53avg. employees-8

Tax at Year End(2023)

Corp tax£0

People Costs

Wages & salaries£1.3M

Balance Sheet

Intangible assets£168k
Bank loans & overdrafts£644k
Assets less current liabilities£9.6M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20243.01+£283k
20233.29

Derived from filed accounts. Not audited figures.