Back to search

Welco Limited

03542135

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

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

Compliance

Last accounts

31/12/2023

total exemption full

Next accounts due

31/12/2025

Overdue

Confirmation statement

Last: 07/04/2025

Due 21/04/2026

Overdue

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

B2 BRIDGING LLP

Created 24/11/2025Registered 25/11/2025
Charge
satisfied

CAMBRIDGE AND COUNTIES BANK LIMITED

Created 13/09/2016Registered 16/09/2016Satisfied 10/03/2025

Insolvency History2 cases

receiver manager

Peter Mayo (receiver manager) · Victoria Clare Margaret Liddell (receiver manager)

compulsory liquidation04/02/2026

The Official Receiver Or Manchester (practitioner)

CompanyRankvs 15+ SIC 70100 peers
30

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 -10Insolvency history -10
Show leaderboard
1Bibby Line Group Limited
90
2Lea Redway Limited
90
3Saria Limited
90
4J.R. Rix & Sons Limited
90
5G.R. Lane Holdings Limited
90
6Nidec Control Techniques Limited
90
7Langham Industries Limited
90
8Hunt Group Limited
90
9Sfs Group Fastening Technology Limited
90
10Haley Securities Limited
90
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

Insolvency history: -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

Balance Sheet

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

EstimatesDerived

YearCurrent Ratio
20236.02

Derived from filed accounts. Not audited figures.