Wellspring Developments Ltd

03773099

active

Private Limited Company

Companies House

Health Score

75 / 100

Some Concerns

25/30

Filing

20/30

Financial

30/40

Risk

No accounts filed in last 18 months (-5)
7 outstanding charges (-10)

Details

COLLINGWOOD BUILDINGS, NEWCASTLE UPON TYNE, NE1 1JF

Incorporated 19/05/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209

Other letting and operating of own or leased real estate

Officers

Shoshana Sandler

secretary · Since 20/05/1999

SECRETARY

BRITISH · Age 55

Also on 3 other boards

Mrs Shoshana Sandler

director · Since 12/07/2012

DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Persons with Significant Control

Mrs Shoshana Sandler

75–100% shares

British · United Kingdom · Age 55

Collingwood Buildings, 38 Collingwood Street, Newcastle Upon Tyne, NE1 1JF

Notified 06/04/2016

Charges7 outstanding

Charge

outstanding

LLOYDS BANK PLC (CRN: 00002065)

Created 14/07/2017Registered 28/07/2017

Charge

outstanding

LLOYDS BANK PLC (CRN: 00002065)

Created 27/07/2016Registered 09/08/2016

Charge

outstanding

LLOYDS BANK PLC

Created 30/10/2015Registered 10/11/2015

Charge

outstanding

LLOYDS BANK PLC

Created 30/10/2015Registered 31/10/2015

Charge

satisfied

LLOYDS BANK PLC

Created 30/10/2015Registered 31/10/2015Satisfied 16/10/2017

Charge

outstanding

LLOYDS TSB BANK PLC

Created 19/08/2013Registered 23/08/2013

Charge

outstanding

LLOYDS TSB BANK PLC

Created 19/08/2013Registered 23/08/2013

Charge

outstanding

LLOYDS TSB BANK PLC

Created 19/08/2013Registered 21/08/2013

charge

satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 14/12/2010Registered 20/12/2010Satisfied 04/03/2016

charge

satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 18/12/2007Registered 19/12/2007Satisfied 04/03/2016

charge

satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 27/11/2007Registered 30/11/2007Satisfied 04/03/2016

charge

satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 17/09/2007Registered 03/10/2007Satisfied 04/04/2013

charge

satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 24/04/2006Registered 09/05/2006Satisfied 04/03/2016

charge

satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 22/03/2006Registered 24/03/2006Satisfied 04/03/2016

charge

satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 24/02/2006Registered 28/02/2006Satisfied 04/03/2016

charge

satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 05/01/2006Registered 06/01/2006Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 18/05/2000Registered 02/06/2000Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 19/05/2000Registered 02/06/2000Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 19/05/2000Registered 02/06/2000Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 18/05/2000Registered 02/06/2000Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 19/05/2000Registered 02/06/2000Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 19/05/2000Registered 02/06/2000Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 18/05/2000Registered 02/06/2000Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 18/05/2000Registered 02/06/2000Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 18/05/2000Registered 02/06/2000Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 18/05/2000Registered 02/06/2000Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 19/05/2000Registered 02/06/2000Satisfied 04/10/2007

charge

satisfied

LLOYDS TSB BANK PLC

Created 19/05/2000Registered 02/06/2000Satisfied 04/10/2007

CompanyRankvs 55714+ SIC 68209 peers
52

Financial strength85th percentile among SIC peers · 21/25

Employees57th percentile among SIC peers · 9/15

LiquidityCurrent ratio 0.17× · 2/20

Longevity15 years trading (max 15) · 15/15

Filing complianceAll filings up to date · 15/15

Outstanding charges -10

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90

55714Wellspring Developments Ltd

62

How is this score calculated?

Financial strength21/25 pts

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

Employees9/15 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 31/08/2024

Net Worth

£284k

Balance sheet strength

Cash

£52k

Cash in the bank

Net Current Assets

-£256k

Working capital

Current Assets

£53k

Current Liabilities

£309k

Debtors

£1k

1avg. employees

Balance Sheet

Assets less current liabilities£504k

Prepared with Digita Accounts Production Advanced

EstimatesDerived

Year	Current Ratio	Implied Profit
2024	0.17	+£35k
2023	0.02	+£18k
2022	0.09	+£15k
2021	0.18	+£59k
2020	0.19	+£3k
2019	0.21	+£840
2018	0.24	—

Derived from filed accounts. Not audited figures.