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Wheatway Solutions Limited

06736277

active
Private Limited Company
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

UNIT B3 BREARLEY PLACE, GLOUCESTER, GL2 2AF
Incorporated 29/10/2008

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 31/10/2025

Due 14/11/2026

On track

Industry

28990
Manufacture of other special-purpose machinery
46690
Wholesale of other machinery and equipment

Officers

Mr Colin Smith

director · Since 29/10/2008

DIRECTOR

BRITISH · UNITED KINGDOM · Age 65

Also on 3 other boards

Mrs Karen Louise Russell

director · Since 20/10/2015

ACCOUNTANT

BRITISH · ENGLAND · Age 57

Also on 1 other board

Mr Nicholas Martin Herbert

director · Since 01/09/2022

PRODUCTION DIRECTOR

BRITISH · ENGLAND · Age 59

Miss Rachael Ann Smith

director · Since 01/09/2022

OPERATIONS DIRECTOR

BRITISH · ENGLAND · Age 31

Mrs Clare Louise Timbrell

director · Since 01/09/2022

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Also on 1 other board

Persons with Significant Control

Wheatway Holdings Ltd

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

Unit 3, Brearley Place, Waterwells Business Park, Gloucester, GL2 2AF

Reg: 15195825 · United Kingdom · Limited Company

Notified 15/12/2023

Former PSCs

Mr Colin Smith

Ceased 15/12/2023

Charges3 outstanding

Charge
satisfied

LLOYDS BANK COMMERCIAL FINANCE LIMITED

Created 27/11/2015Registered 08/12/2015Satisfied 15/01/2022
Charge
outstanding

LLOYDS BANK PLC

Created 01/05/2015Registered 02/05/2015
Charge
outstanding

LLOYDS BANK PLC

Created 28/11/2013Registered 14/12/2013
Charge
outstanding

LLOYDS BANK PLC

Created 11/11/2013Registered 15/11/2013

CompanyRankvs 165+ SIC 28990 peers
75

Financial strength89th percentile among SIC peers · 22/25
Employees86th percentile among SIC peers · 13/15
LiquidityCurrent ratio 3.26× · 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 strength22/25 pts

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

Employees13/15 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 31/12/2024

Net Worth

£1.8M

Balance sheet strength

Cash

£241k

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£1.7M

Current Liabilities

£517k

Fixed Assets

£968k

Debtors

£1.1M

18avg. employees

Tax at Year End(2020)

Corp tax£131k

Director Loans(2019)

Company owes directors£11k

Balance Sheet

Intangible assets£306
Bank loans & overdrafts£8k
Assets less current liabilities£2.1M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20243.26-£161k
20233.24+£167k
20222.87+£659k
20213.03+£255k
20202.78+£276k
20192.21+£250k
20181.91

Derived from filed accounts. Not audited figures.