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Welcome Engineering Limited

06732311

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

6 THIRD AVENUE, WORTHING, BN14 9NZ
Incorporated 24/10/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46690
Wholesale of other machinery and equipment

Officers

Mr Francis Chan

director · Since 24/10/2008

DIRECTOR

BRITISH · ENGLAND · Age 72

Also on 9 other boards

Persons with Significant Control

Mr Francis Chan

Significant control

British · England · Age 72

6, Third Avenue, Worthing, BN14 9NZ

Notified 24/10/2016

CompanyRankvs 994+ SIC 46690 peers
70

Financial strength58th percentile among SIC peers · 14/25
Employees39th percentile among SIC peers · 6/15
LiquidityCurrent ratio 2.07× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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994Welcome Engineering Limited
71
How is this score calculated?
Financial strength14/25 pts

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

Employees6/15 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 31/10/2020

Net Worth

£30k

Balance sheet strength

Cash

£6k

Cash in the bank

Net Current Assets

£11k

Working capital

Current Assets

£21k

Current Liabilities

£10k

Fixed Assets

£19k

Debtors

£15k

1avg. employees

Tax at Year End

Corp tax£6k

Director Loans

Company owes directors£47
Directors owe company£4k

Balance Sheet

Assets less current liabilities£30k
Signed by Mr Francis Chan 23/07/2021Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20202.07+£384
20191.52+£4k
20181.69—

Derived from filed accounts. Not audited figures.