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Wellspring Arts Trust

05127274

active
PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

13 PERRYMEAD, MANCHESTER, M25 2QJ
Incorporated 13/05/2004

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 13/05/2025

Due 27/05/2026

On track

Industry

90020
Support activities to performing arts
94910
Activities of religious organisations

Officers

Peter George Michelmore Adams

director · Since 13/05/2004

LECTURER & CONSULTANT IN INTER

BRITISH · ENGLAND · Age 68

Mr Michael Richard Thornton

secretary · Since 28/11/2008

SOUND ENGINEER

BRITISH · ENGLAND · Age 68

Also on 15 other boards

Mr Michael Richard Thornton

director · Since 28/11/2008

SOUND ENGINEER

BRITISH · ENGLAND · Age 68

Also on 15 other boards

Persons with Significant Control

Mr Michael Richard Thornton

25–50% shares

British · England · Age 68

13, Perrymead, Manchester, M25 2QJ

Notified 06/04/2016

CompanyRankvs 721+ SIC 90020 peers
68

Financial strength69th percentile among SIC peers · 17/25
Employees76th percentile among SIC peers · 11/15
LiquidityCurrent ratio 17.98× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
Show leaderboard
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90
5Hawthorn Theatrical Limited
90
6Teland Limited
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7Unusual Rigging Limited
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8The Cloud One Group Limited
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9Nick Grace Management Limited
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10Paul Mathew Transport Limited
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721Wellspring Arts Trust
78
How is this score calculated?
Financial strength17/25 pts

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

Employees11/15 pts

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

Liquidity20/20 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

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

Going Concern Doubt

free reserves and are satisfied that the Charity has a need to establish free reserves to absorb the major fluctuations in funding received without curtailing services to its beneficiaries. Going concern There are no material uncertainties about the charity's ability to continue. FUTURE PLANS The charity hopes to resume full working soon. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doc

Key FinancialsYear ending 31/03/2025

Net Worth

£9k

Balance sheet strength

Cash

£9k

Cash in the bank

Net Current Assets

£9k

Working capital

Current Assets

£9k

Current Liabilities

£527

Fixed Assets

£127

2avg. employees+2

Balance Sheet

Assets less current liabilities£9k
Interest receivable£78
Signed by M R ThorntonPrepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202517.98-£834
202421.29-£440
202324.23-£742
202228.48-£808
202117.21—

Derived from filed accounts. Not audited figures.