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Wellfield Developments Ltd

06242857

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

57 WELLFIELDS, LOUGHTON, IG10 1PA
Incorporated 10/05/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mrs Kulvinder Kaur

director · Since 11/02/2013

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 4 other boards

Charges1 outstanding

charge
outstanding

JASBIIR SINGH JOHAL AND BALJIT KAUR JOHAL

Created 04/04/2008Registered 10/04/2008

CompanyRankvs 4199+ SIC 68209 peers
76

Financial strength95th percentile among SIC peers · 24/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 2.72× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 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.

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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/05/2024

Net Worth

£1.3M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£64k

Working capital

Current Assets

£107k

Current Liabilities

£39k

Fixed Assets

£3.2M

2avg. employees

Balance Sheet

Assets less current liabilities£3.2M
Signed by 28 February 2025

EstimatesDerived

YearCurrent RatioImplied Profit
20242.72+£122k
20233.00+£35k
20226.58+£95k
20212.21+£97k
20201.41+£170k
20190.69+£72k
20180.84—

Derived from filed accounts. Not audited figures.