Workchain Ltd
05719828
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Workchain Holdings Ltd
Ely House, Stephensons Way, Derby, DE21 6LY
Reg: 15986160 · Companies House · Company Limited By Shares
Notified 25/10/2024
Former PSCs
Mr Adam Hinckley
Ceased 25/10/2024
Philip Stephen Tong
Ceased 25/10/2024
Charges2 outstanding
SKIPTON BUSINESS FINANCE LIMITED
ALDERMORE BANK PLC
SKIPTON BUSINESS FINANCE LIMITED
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 2052+ SIC 62012 peers66
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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
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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/03/2025
Turnover
£13.2M
Annual revenue
Net Worth
£1.6M
Balance sheet strength
Cash
£272k
Cash in the bank
Profit Before Tax
£229k
Bottom line earnings
Net Current Assets
£1.6M
Working capital
Current Assets
£3.3M
Current Liabilities
£1.6M
Fixed Assets
£21k
Debtors
£3.0M
Cost of Sales
£10.6M
Gross Profit
£2.5M
Admin Expenses
£2.4M
Operating Profit
£229k
Profit After Tax
£168k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.98 | -£353k |
| 2024 | 2.77 | -£610k |
| 2023 | 2.97 | — |
Derived from filed accounts. Not audited figures.