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The Welding Shop Limited

04633589

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

1 PEACH STREET, WOKINGHAM, RG40 1XJ
Incorporated 10/01/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mrs Nina Kathleen Clare

secretary · Since 10/01/2003

DIRECTOR

BRITISH · ENGLAND · Age 75

Also on 7 other boards

Mrs Nina Kathleen Clare

director · Since 10/01/2003

DIRECTOR

BRITISH · ENGLAND · Age 75

Also on 7 other boards

Mr Peter Gordon Clare

director · Since 10/01/2003

DIRECTOR

BRITISH · ENGLAND · Age 70

Persons with Significant Control

Mr Peter Gordon Clare

25–50% shares
25–50% votes

British · England · Age 70

1, Peach Street, Wokingham, RG40 1XJ

Notified 07/04/2016

Mrs Nina Kathleen Clare

25–50% shares
25–50% votes

British · England · Age 75

1, Peach Street, Wokingham, RG40 1XJ

Notified 07/04/2016

Charges1 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 23/04/2003Registered 30/04/2003

CompanyRankvs 20300+ SIC 43999 peers
49

Financial strength40th percentile among SIC peers · 10/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.79× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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20300The Welding Shop Limited
55
How is this score calculated?
Financial strength10/25 pts

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

Employees13/15 pts

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

Liquidity6/20 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 31/03/2025

Net Worth

£1k

Balance sheet strength

Cash

£17k

Cash in the bank

Net Current Assets

-£9k

Working capital

Current Assets

£34k

Current Liabilities

£43k

Fixed Assets

£10k

Debtors

£14k

4avg. employees

Tax at Year End(2023)

Corp tax£12k
Dividends paid£36k

Balance Sheet

Assets less current liabilities£1k
Signed by Mr Peter Gordon Clare 02/06/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.79-£9
20241.03—
20231.19—
20221.29—
20212.05—

Derived from filed accounts. Not audited figures.