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Millweld Limited

05350022

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

UNIT 2, LOWCA LANE BUSINESS PARK, WORKINGTON, CA14 1BQ
Incorporated 02/02/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Desmond William Johnstone

director · Since 02/02/2005

MANAGER

BRITISH · UNITED KINGDOM · Age 51

Also on 3 other boards

Mr Liam Smith

director · Since 08/06/2020

ENGINEER

BRITISH · UNITED KINGDOM · Age 32

Mr Neil Rowley

director · Since 26/05/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 44

Persons with Significant Control

Gdj Group Limited

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

Morsedale, 29 Stainburn Road, Workington, CA14 1SW

Reg: 14657319 · Register Of Companies For England And Wales · Private Company Limited By Shares

Notified 28/02/2023

Former PSCs

Mr Desmond William Johnstone

Ceased 28/02/2023

Charges0 outstanding

Charge
satisfied

SVENSKA HANDELSBANKEN AB (PUBL)

Created 06/03/2018Registered 07/03/2018Satisfied 31/05/2022

CompanyRankvs 1783+ SIC 25990 peers
72

Financial strength85th percentile among SIC peers · 21/25
Employees9th percentile among SIC peers · 1/15
LiquidityCurrent ratio 3.51× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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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.

Employees1/15 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.

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

Key FinancialsYear ending 28/02/2025

Net Worth

£779k

Balance sheet strength

Cash

£395k

Cash in the bank

Net Current Assets

£684k

Working capital

Current Assets

£956k

Current Liabilities

£272k

Fixed Assets

£109k

Debtors

£560k

0avg. employees-20

Tax at Year End(2022)

Corp tax£70k

Balance Sheet

Assets less current liabilities£793k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20253.51+£65k
20242.39+£369k
20231.62-£1.6M
20229.11+£233k
20218.91

Derived from filed accounts. Not audited figures.