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Wil El Mil Engineering Limited

05091291

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

CHARGROVE HOUSE MAIN ROAD, CHELTENHAM, GL51 4GA
Incorporated 02/04/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28990
Manufacture of other special-purpose machinery

Officers

Mrs Regina Yoonsook Walker

secretary · Since 21/02/2023

Also on 2 other boards

Mr Kevin Michael Brown

director · Since 21/02/2023

PRESIDENT

AMERICAN · UNITED STATES · Age 61

Also on 1 other board

Mr Richard Troy Goode

director · Since 21/02/2023

CEO

AMERICAN · UNITED STATES · Age 53

Mrs Regina Yoonsook Walker

director · Since 21/02/2023

CFO

AMERICAN · UNITED STATES · Age 52

Also on 2 other boards

Persons with Significant Control

Columbia Uk Holdings Ltd

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

Cumberland Court, 80 Mount Street, Nottingham, NG1 6HH

Notified 21/02/2023

Former PSCs

Mr Robert John White

Ceased 21/02/2023

Mr Timothy John Lodge

Ceased 21/02/2023

Charges2 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 02/01/2018Registered 11/01/2018
charge
outstanding

BARCLAYS BANK PLC

Created 18/06/2004Registered 26/06/2004

CompanyRankvs 634+ SIC 28990 peers
53

Financial strength76th percentile among SIC peers · 19/25
Employees83th percentile among SIC peers · 12/15
LiquidityCurrent ratio 1.27× · 12/20
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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634Wil El Mil Engineering Limited
73
How is this score calculated?
Financial strength19/25 pts

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

Employees12/15 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

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

Pension costs The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Going concern There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern Provisions for liabilities Provisions are set up only where

Key FinancialsYear ending 31/12/2024

Net Worth

£538k

Balance sheet strength

Cash

£750k

Cash in the bank

Net Current Assets

£462k

Working capital

Current Assets

£2.2M

Current Liabilities

£1.7M

Fixed Assets

£98k

Debtors

£671k

14avg. employees+5

Tax at Year End

Corp tax£64k

Balance Sheet

Assets less current liabilities£560k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.27+£222k
20231.32-£69k
20222.27-£26k
20212.87—

Derived from filed accounts. Not audited figures.