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Welding Mobility Limited

03759413

active
Private Limited Company
england wales
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

1ST FLOOR OLYMPUS HOUSE, GLOUCESTER, GL2 4NF
Incorporated 26/04/1999

Compliance

Last accounts

31/08/2024

total exemption full

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 05/02/2026

Due 19/02/2027

On track

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Ahmed Adesina

director · Since 03/01/2025

DIRECTOR

BRITISH · ENGLAND · Age 35

Also on 4 other boards

Persons with Significant Control

Mr Ahmed Adesina

75–100% shares
75–100% votes

British · England · Age 35

1st Floor Olympus House, Quedgeley, Gloucester, GL2 4NF

Notified 03/01/2025

Former PSCs

Mr David Peter Walton

Ceased 03/01/2025

Mrs Gillian Joan Walton

Ceased 03/01/2025

Charges3 outstanding

Charge
outstanding

FUNDING CIRCLE LIMITED

Created 28/11/2024Registered 05/12/2024
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 23/02/2010Registered 25/02/2010
charge
outstanding

BERRITE LIMITED

Created 25/03/2002Registered 06/04/2002

CompanyRankvs 1467+ SIC 25990 peers
65

Financial strength60th percentile among SIC peers · 15/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 2.27× · 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 strength15/25 pts

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

Employees10/15 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 31/08/2024

Net Worth

£93k

Balance sheet strength

Cash

£24k

Cash in the bank

Net Current Assets

£64k

Working capital

Current Assets

£115k

Current Liabilities

£51k

Fixed Assets

£47k

Debtors

£77k

6avg. employees

Tax at Year End

Corp tax£24k

Balance Sheet

Assets less current liabilities£112k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.27-£45k
20232.51

Derived from filed accounts. Not audited figures.