Wellowgate Hotels Limited
08703598
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 24/09/2013
DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 21 other boards
director · Since 05/12/2013
DIRECTOR
BRITISH · ENGLAND · Age 55
Also on 14 other boards
director · Since 15/05/2015
DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 3 other boards
Persons with Significant Control
Wellowgate Holdings Limited
27-29 Lumley Avenue, Skegness, PE25 2AT
Reg: 08700257 · England And Wales · Company Limited By Shares
Notified 06/04/2016
Charges1 outstanding
LEUMI UK GROUP LIMITED
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 81868+ SIC 68209 peers41
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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
Page 5 continued... Wellowgate Hotels Limited (Registered number: 08703598) Notes to the Financial Statements - continued for the Year Ended 31 December 2024 2. ACCOUNTING POLICIES - continued Going concern The company has has net current liabilities of £2,539,316 (2023: £2,622,354). The directors have ascertained that the company intends and has the ability to continue for a period of 12 m
Key FinancialsYear ending 31/12/2024
Net Worth
£1.9M
Balance sheet strength
Cash
£310k
Cash in the bank
Net Current Assets
-£2.5M
Working capital
Current Assets
£2.6M
Current Liabilities
£5.1M
Fixed Assets
£7.0M
Debtors
£2.3M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.50 | +£593k |
| 2023 | 0.42 | +£143k |
| 2022 | 0.34 | +£1.3M |
| 2021 | 0.53 | +£49k |
| 2020 | 0.50 | -£39k |
| 2019 | 0.45 | — |
Derived from filed accounts. Not audited figures.