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Welgate Developments Limited

03437688

active
ltd
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 6 outstanding charges (-10)

Details

Studio One, 197 Long Lane, London, SE1 4PD
Incorporated 22/09/1997

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

30/12/2026

On track

Confirmation statement

Last: 22/09/2025

Due 06/10/2026

On track

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Sheron Mcmillan

secretary · Since 02/07/1999

British

Myles Jordan Mcmillan

director · Since 31/07/2025

British · England · Age 32

Dominic Lewis Mcmillan

director · Since 16/09/2025

British · England · Age 23

Sheron Teresa Mcmillan

director · Since 16/09/2025

British · England · Age 61

Former

Gillian Tuitt

director · Resigned 02/07/1999

Terry Mcmillan

secretary · Resigned 02/07/1999

Sheron Teresa Mcmillan

director · Resigned 18/12/2023

Terry Mcmillan

director · Resigned 28/07/2025

Persons with Significant Control

The Trademark Group Limited

75–100% shares

Studio One, 197 Long Lane, London, SE1 4PD

Reg: 3699600 · England & Wales · Limited Company

Notified 06/04/2016

Charges6 outstanding

Charge
outstanding

THE MORTGAGE LENDER LIMITED

Created 14/02/2025Registered 18/02/2025
Charge
outstanding

THE MORTGAGE LENDER LIMITED

Created 14/02/2025Registered 18/02/2025
Charge
outstanding

THE MORTGAGE LENDER LIMITED

Created 14/02/2025Registered 18/02/2025
Charge
outstanding

THE MORTGAGE LENDER LIMITED

Created 14/02/2025Registered 18/02/2025
Charge
outstanding

PARAGON BANK PLC

Created 02/10/2023Registered 04/10/2023
Charge
outstanding

PARAGON BANK PLC

Created 02/10/2023Registered 04/10/2023
Charge
satisfied

UNITED NATIONAL BANK LIMITED

Created 12/12/2019Registered 13/12/2019Satisfied 04/02/2025
Charge
satisfied

UNITED NATIONAL BANK LIMITED

Created 12/12/2019Registered 13/12/2019Satisfied 04/02/2025
Charge
satisfied

UNITED NATIONAL BANK LIMITED

Created 08/08/2018Registered 10/08/2018Satisfied 04/02/2025
Charge
satisfied

UNITED NATIONAL BANK LIMITED

Created 08/08/2018Registered 10/08/2018Satisfied 04/02/2025
Charge
satisfied

CORNHILL SECURED LENDING LIMITED

Created 28/02/2018Registered 28/02/2018Satisfied 16/12/2019
Charge
satisfied

TOWER HILL SECURITIES LIMITED

Created 28/02/2018Registered 28/02/2018Satisfied 16/12/2019
Charge
satisfied

THE MARGIN FINANCE CORPORATION LIMITED

Created 05/02/2015Registered 25/02/2015Satisfied 29/01/2018
Charge
satisfied

THE MARGIN FINANCE CORPORATION LIMITED

Created 05/02/2015Registered 10/02/2015Satisfied 29/01/2018
Charge
satisfied

THE MARGIN FINANCE CORPORATION LIMITED

Created 05/02/2015Registered 10/02/2015Satisfied 29/01/2018
charge
satisfied

LLOYDS TSB BANK PLC

Created 12/09/2008Registered 25/09/2008Satisfied 19/02/2015
charge
satisfied

LLOYDS TSB BANK PLC

Created 12/09/2008Registered 25/09/2008Satisfied 19/02/2015
charge
satisfied

LLOYDS TSB BANK PLC

Created 14/07/2008Registered 17/07/2008Satisfied 19/02/2015
charge
satisfied

LLOYDS TSB BANK PLC

Created 14/07/2008Registered 15/07/2008Satisfied 19/02/2015
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 18/01/2000Registered 27/01/2000Satisfied 17/12/2014
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 18/01/2000Registered 27/01/2000Satisfied 17/12/2014

Change History

status → active
2026-06-04

Active

type → ltd
2026-06-04

Private Limited Company

address line1 → Studio One
2026-06-04

STUDIO ONE

post town → London
2026-06-04

LONDON

officer appointed → MCMILLAN, Sheron
2026-06-04
officer appointed → MCMILLAN, Dominic Lewis
2026-06-04
officer appointed → MCMILLAN, Myles Jordan
2026-06-04
officer appointed → MCMILLAN, Sheron Teresa
2026-06-04

CompanyRankvs 34833+ SIC 68100 peers
48

Financial strength93th percentile among SIC peers · 23/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.09× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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34833Welgate Developments Limited
58
How is this score calculated?
Financial strength23/25 pts

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

Employees3/15 pts

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

Liquidity2/20 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 31/03/2025

Net Worth

£455k

Balance sheet strength

Cash

£47k

Cash in the bank

Net Current Assets

-£1.4M

Working capital

Current Assets

£131k

Current Liabilities

£1.5M

Debtors

£84k

0avg. employees

Balance Sheet

Bank loans & overdrafts£2.0M
Assets less current liabilities£2.5M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.09+£85k
20240.06+£81k
20230.02—

Derived from filed accounts. Not audited figures.