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Weldlec Limited

04653762

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

PHOENIX WHARF, PORT TALBOT, SA13 1RA
Incorporated 31/01/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25110
Manufacture of metal structures and parts of structures

Officers

Vicki Simone Cogbill

secretary · Since 31/01/2003

BRITISH · Age 59

Mr Neil Byron Morgan

director · Since 31/01/2003

WELDER FABRICATOR

BRITISH · UNITED KINGDOM · Age 62

Also on 2 other boards

Mrs Vicki Simone Cogbill

director · Since 14/02/2018

COMPANY SECRETARY/DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Also on 2 other boards

Persons with Significant Control

Mr Neil Byron Morgan

50–75% shares

British · United Kingdom · Age 62

Phoenix Wharf, The Docks, Port Talbot, SA13 1RA

Notified 06/04/2016

Mrs Vicki Cogbill

25–50% shares

British · Wales · Age 60

Phoenix Wharf, The Docks, Port Talbot, SA13 1RA

Notified 24/10/2018

Charges2 outstanding

Charge
outstanding

LLOYDS BANK COMMERCIAL FINANCE LTD

Created 25/06/2021Registered 29/06/2021
Charge
outstanding

LLOYDS TSB BANK PLC

Created 20/05/2013Registered 21/05/2013

CompanyRankvs 2203+ SIC 25110 peers
43

Financial strength12th percentile among SIC peers · 3/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.88× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength3/25 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.

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 31/12/2024

Net Worth

-£1k

Balance sheet strength

Cash

£23k

Cash in the bank

Net Current Assets

-£93k

Working capital

Current Assets

£670k

Current Liabilities

£762k

Fixed Assets

£172k

Debtors

£624k

23avg. employees-9

Tax at Year End(2023)

Corp tax£19k
VAT£121k

Balance Sheet

Intangible assets£9k
Assets less current liabilities£80k

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.88-£331k—
20241.27+£1k—
20231.60-£82k£2.4M
20221.51-£111k£3.6M
20212.02—£2.8M

Derived from filed accounts. Not audited figures.