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Welco Limited

03542135

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

NEW DUNN BUSINESS PARK, COLEFORD, GL16 8JD
Incorporated 07/04/1998

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70100
Activities of head offices

Officers

Mr Philip Baden Watkins

director · Since 07/04/1998

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 20 other boards

Persons with Significant Control

Mrs Lynne Christina Zijlmans

25–50% shares
25–50% votes

British · United Kingdom · Age 57

Shapridge Farm, Abenham, Mitcheldean, GL17 0DX

Notified 09/04/2016

Mr Philip Baden Watkins

25–50% shares
25–50% votes
Appoint directors

British · England · Age 60

Flaxley Abbey, Flaxley, Newnham On Severn, GL14 1JR

Notified 30/11/2022

Former PSCs

Fred Watkins (Estates) Limited

Ceased 30/11/2022

Charges1 outstanding

Charge
outstanding

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CAMBRIDGE AND COUNTIES BANK LIMITED

Created 13/09/2016Registered 16/09/2016Satisfied 10/03/2025
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PAULA HILLS · MARK EDWARD HILLS

Created 28/05/2015Registered 16/06/2015Satisfied 31/08/2017
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satisfied

PAULA HILLS · MARK EDWARD HILLS

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FUNDING 365 LIMITED

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satisfied

FUNDING 365 LIMITED

Created 28/05/2015Registered 29/05/2015Satisfied 23/09/2016
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satisfied

FUNDING 365 LIMITED

Created 28/05/2015Registered 29/05/2015Satisfied 31/08/2017
Charge
satisfied

SHAWN BALDWIN

Created 11/04/2014Registered 28/04/2014Satisfied 31/08/2017
Charge
satisfied

MARK EDWARD HILLS

Created 12/02/2014Registered 15/02/2014Satisfied 02/06/2015
charge
satisfied

WATKINS HIRE LIMITED

Created 31/10/2012Registered 15/11/2012Satisfied 25/03/2014
charge
satisfied

WATKINS HIRE LIMITED

Created 31/10/2012Registered 15/11/2012Satisfied 27/04/2015
charge
satisfied

ALDERMORE BANK PLC

Created 01/11/2012Registered 08/11/2012Satisfied 25/03/2014
charge
satisfied

ALDERMORE BANK PLC

Created 01/11/2012Registered 08/11/2012Satisfied 27/04/2015
charge
satisfied

HSBC ASSET FINANCE (UK) LTD AND HSBC EQUIPMENT FINANCE (UK) LTD

Created 28/11/2011Registered 29/11/2011Satisfied 14/11/2012
charge
satisfied

CENTRIC SPV 1 LIMITED

Created 29/01/2010Registered 03/02/2010Satisfied 27/09/2012
charge
satisfied

PRINCIPALITY BUILDING SOCIETY (THE SOCIETY)

Created 19/09/2007Registered 22/09/2007Satisfied 02/06/2015
charge
satisfied

PRINCIPALITY BUILDING SOCIETY

Created 19/09/2007Registered 22/09/2007Satisfied 27/09/2012
charge
satisfied

BARCLAYS BANK PLC

Created 25/05/2003Registered 13/06/2003Satisfied 27/09/2012
charge
satisfied

HSBC EQUIPMENT FINANCE (UK) LIMITED

Created 17/03/2003Registered 19/03/2003Satisfied 07/09/2007
charge
satisfied

HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED

Created 17/03/2003Registered 19/03/2003Satisfied 27/09/2012
charge
satisfied

BARCLAYS BANK PLC

Created 13/05/2002Registered 28/05/2002Satisfied 27/09/2012
charge
satisfied

ULSTEIN (U.K.) LIMITED

Created 05/12/2001Registered 21/12/2001Satisfied 12/09/2007
charge
satisfied

HSBC BANK PLC

Created 01/07/2001Registered 20/07/2001Satisfied 14/11/2012
charge
satisfied

HSBC BANK PLC

Created 23/10/2000Registered 04/11/2000Satisfied 14/11/2012
charge
satisfied

YORKSHIRE BANK PLC

Created 04/02/2000Registered 15/02/2000Satisfied 07/09/2007
charge
satisfied

ULSTEIN (UK) LIMITED

Created 09/12/1999Registered 22/12/1999Satisfied 12/09/2007

CompanyRankvs 15+ SIC 70100 peers
40

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 6.02× · 20/20
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.

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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2023

Net Worth

£2.3M

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

£1.9M

Working capital

Current Assets

£2.3M

Current Liabilities

£377k

Fixed Assets

£444k

Debtors

£1.9M

Profit After Tax

-£164k

8avg. employees+1

Balance Sheet

Assets less current liabilities£2.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20236.02-£164k
202210.11+£55k
20219.81-£39k
202010.84-£20k
201912.28-£50k
201822.57-£57k
201740.56—

Derived from filed accounts. Not audited figures.