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Wellsprings Meadowfield Limited

06818026

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

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

Details

WHITFIELD HOUSE ST. JOHNS ROAD, DURHAM, DH7 8XL
Incorporated 12/02/2009

Compliance

Last accounts

28/02/2025

total exemption full

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 15/04/2026

Due 29/04/2027

On track

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Kevin Whitfield

secretary · Since 10/03/2009

DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 23 other boards

Mr Kevin Whitfield

director · Since 10/03/2009

DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 23 other boards

Persons with Significant Control

Mr Kevin Whitfield

Significant control

British · England · Age 66

Whitfield House, St. Johns Road, Durham, DH7 8XL

Notified 06/04/2016

Charges5 outstanding

Charge
outstanding

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Charge
outstanding

ALDERMORE BANK PLC

Created 21/12/2018Registered 27/12/2018
Charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE FOR ITESELF AND EACH OF ITS SUBSIDIARIES (AS DEFINED BY SE

Created 03/06/2014Registered 18/06/2014Satisfied 14/01/2019
charge
satisfied

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charge
satisfied

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ALLIANCE & LEICESTER PLC

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charge
satisfied

ALLIANCE & LEICESTER PLC

Created 23/10/2009Registered 27/10/2009Satisfied 14/01/2019

CompanyRankvs 63481+ SIC 68209 peers
50

Financial strength98th percentile among SIC peers · 25/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.5× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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63481Wellsprings Meadowfield Limited
60
How is this score calculated?
Financial strength25/25 pts

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

Employees3/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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 28/02/2025

Net Worth

£3.1M

Balance sheet strength

Cash

£89k

Cash in the bank

Net Current Assets

-£127k

Working capital

Current Assets

£126k

Current Liabilities

£253k

Fixed Assets

£4.3M

Debtors

£37k

0avg. employees

Balance Sheet

Bank loans & overdrafts£930k
Assets less current liabilities£4.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.50+£55k
20240.53+£19k
20230.54+£70k
20220.53+£63k
20210.64+£61k
20200.50+£15k
20190.60—

Derived from filed accounts. Not audited figures.