Phillip Rees Welding Limited
05539931
Some Concerns
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 18/08/2005
WELDER AND STEEL FABRICATOR
BRITISH · WALES · Age 53
Also on 2 other boards
Persons with Significant Control
M4 Trailers Limited
Tir Bont Farm Foelgastell, Cefneithin, Llanelli, SA14 7HL
Reg: 06596065 · The Register Of Companies For England And Wales · Limited Company
Notified 13/02/2025
Former PSCs
Mr Phillip Rees
Ceased 13/02/2025
Charges1 outstanding
BARCLAYS BANK PLC
CompanyRankvs 55+ SIC 33170 peers78
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/08/2025
Net Worth
£639k
Balance sheet strength
Cash
£568k
Cash in the bank
Net Current Assets
£639k
Working capital
Current Assets
£1.2M
Current Liabilities
£548k
Fixed Assets
£579k
Debtors
£539k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.17 | +£75k |
| 2024 | 1.19 | +£92k |
| 2023 | 1.08 | +£134k |
| 2022 | 1.06 | +£18k |
| 2021 | 1.06 | — |
Derived from filed accounts. Not audited figures.