Pioneer Welding Company (2002) Limited
04420866
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
30/06/2025
total exemption full
Next accounts due
31/03/2027
Confirmation statement
Last: 19/04/2026
Due 03/05/2027
Industry
Officers
Michael James Yates
secretary · Since 19/04/2002
British
Joseph Yates
director · Since 30/06/2025
British
Michael James Yates
director · Since 20/06/2007
British
Paul Julian Yates
director · Since 19/04/2002
British
Former
Ashok Bhardwaj
nominee secretary · Resigned 19/04/2002
Bhardwaj Corporate Services Limited
corporate nominee director · Resigned 19/04/2002
CompanyRankvs 100+ SIC 25120 peers90
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2025
Net Worth
£2.6M
Balance sheet strength
Cash
£1.2M
Cash in the bank
Net Current Assets
£2.3M
Working capital
Current Assets
£2.8M
Current Liabilities
£519k
Fixed Assets
£384k
Debtors
£1.5M
Profit After Tax
£555k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 5.38 | +£259k |
| 2024 | 3.78 | +£555k |
| 2023 | 5.77 | — |
Derived from filed accounts. Not audited figures.