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Welcome Developments Limited

03480138

active
Private Limited Company
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

TATTERSALL HOUSE, HARROGATE, HG1 5LT
Incorporated 12/12/1997

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

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

Officers

Mr Matthew Stanley Cunningham

director · Since 16/12/1997

PROPERTY INVESTOR

BRITISH · ENGLAND · Age 59

Also on 2 other boards

Margaret Edith Theresa Cunningham

secretary · Since 19/05/2004

BRITISH

Persons with Significant Control

Mr Matthew Stanley Cunningham

50–75% shares

British · England · Age 59

St Marks House, Rear Of 2a St Marks Avenue, Harrogate, HG2 8AE

Notified 06/04/2016

Mrs Margaret Edith Theresa Cunningham

25–50% shares

British · England · Age 59

St Marks House, Rear Of 2a St Marks Avenue, Harrogate, HG2 8AE

Notified 06/04/2016

Charges6 outstanding

Charge
outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 15/04/2014Registered 29/04/2014
Charge
outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 16/04/2014Registered 23/04/2014
Charge
outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 16/04/2014Registered 23/04/2014
charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 30/08/2005Registered 20/09/2005
charge
outstanding

NATIONWIDE BUILDING SOCIETY

Created 30/11/1999Registered 15/12/1999
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 30/11/1999Registered 08/12/1999Satisfied 23/12/2024
charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 26/08/1998Registered 28/08/1998

CompanyRankvs 30231+ SIC 68100 peers
54

Financial strength98th percentile among SIC peers · 25/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.65× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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30231Welcome Developments Limited
60
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.

Employees3/15 pts

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

Liquidity6/20 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 31/05/2025

Net Worth

£2.2M

Balance sheet strength

Cash

£230k

Cash in the bank

Net Current Assets

-£134k

Working capital

Current Assets

£249k

Current Liabilities

£383k

Debtors

£13k

0avg. employees

Tax at Year End(2018)

Corp tax£12k

Balance Sheet

Bank loans & overdrafts£596k
Assets less current liabilities£2.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.65+£80k
20240.24+£129k
20230.39+£135k
20220.41-£115k
20210.36+£103k
20200.53+£111k
20190.45+£66k
20180.89—

Derived from filed accounts. Not audited figures.