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Wearwell Group Limited

04570754

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

GARGARIN, TAMWORTH, B79 7TR
Incorporated 23/10/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

14120
Manufacture of workwear

Officers

Richard Wright

director · Since 10/08/2017

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 6 other boards

Persons with Significant Control

Wear To Work Solutions Limited

75–100% shares
75–100% votes
Appoint directors

52, Grosvenor Gardens, London, SW1W 0AU

Reg: 10775723 · Companies House · Company Limited By Shares

Notified 10/08/2017

Former PSCs

Mrs Beate-Maria Veronika Elisabeth Greasley

Ceased 10/08/2017

Mr Garry Clayton

Ceased 10/08/2017

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 16/01/2019Registered 17/01/2019
Charge
satisfied

ROCKPOOL (SECURITY TRUSTEE) LIMITED

Created 10/08/2017Registered 17/08/2017Satisfied 12/02/2019
charge
satisfied

HSBC BANK PLC

Created 17/01/2003Registered 29/01/2003Satisfied 11/08/2017

CompanyRankvs 198+ SIC 14120 peers
37

Financial strength83th percentile among SIC peers · 21/25
Employees38th percentile among SIC peers · 6/15
LiquidityNo balance sheet data · 0/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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198Wearwell Group Limited
57
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.

Employees6/15 pts

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

Liquidity0/20 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to g

Key FinancialsYear ending 31/12/2024

Net Worth

£177k

Balance sheet strength

Cash

—

Cash in the bank

Profit Before Tax

£0

Bottom line earnings

Net Current Assets

-£2.1M

Working capital

Current Assets

—

Current Liabilities

£2.1M

Profit After Tax

£0

1avg. employees-1

Balance Sheet

Assets less current liabilities£36k
Prepared with CCH Software

EstimatesDerived

YearImplied Profit
2024+£0

Derived from filed accounts. Not audited figures.