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Weldrite (Midlands) Ltd

03841522

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

6 PARKSIDE COURT, LICHFIELD, WS13 7AU
Incorporated 14/09/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

24200
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

Officers

Mr Vijay Patel

director · Since 14/09/1999

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 3 other boards

Mr Viran Vijay Patel

director · Since 27/09/2016

DIRECTOR

BRITISH · ENGLAND · Age 36

Also on 5 other boards

Persons with Significant Control

Mr Vijay Patel

25–50% shares
Appoint directors

British · England · Age 63

6 Parkside Court, Greenhough Road, Lichfield, WS13 7AU

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

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CompanyRankvs 185+ SIC 24200 peers
50

Financial strength15th percentile among SIC peers · 4/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.16× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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185Weldrite (Midlands) Ltd
60
How is this score calculated?
Financial strength4/25 pts

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

Employees14/15 pts

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

Liquidity12/20 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 30/09/2024

Net Worth

£8

Balance sheet strength

Cash

-£13k

Cash in the bank

Net Current Assets

£359k

Working capital

Current Assets

£2.6M

Current Liabilities

£2.2M

Fixed Assets

£315k

Debtors

£2.3M

32avg. employees+4

Balance Sheet

Assets less current liabilities£674k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20241.16
20231.21
20221.27
20211.32
20201.52
20181.40

Derived from filed accounts. Not audited figures.