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Wellgear Limited

09646403

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

INTERNATIONAL HOUSE, LONDON, EC3V 3NG
Incorporated 18/06/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

09100
Support activities for petroleum and natural gas extraction

Officers

Hm Secretaries Limited

secretary · Since 08/03/2016

Also on 135 other boards

Mr Murdo Macleod

director · Since 08/03/2016

DIRECTOR

BRITISH · SCOTLAND · Age 51

Also on 2 other boards

Mr Siger Tjeerdsma

director · Since 15/11/2017

DIRECTOR

DUTCH · NETHERLANDS · Age 60

Persons with Significant Control

Wellgear Group Bv

75–100% shares
75–100% votes

Oosteinde 1, 9431 At, Westerbork

Notified 06/04/2016

CompanyRankvs 8980+ SIC 09100 peers
38

Financial strength28th percentile among SIC peers · 7/25
Employees100th percentile among SIC peers · 15/15
LiquidityNo balance sheet data · 0/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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898Wellgear Limited
48
How is this score calculated?
Financial strength7/25 pts

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

Employees15/15 pts

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

Liquidity0/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity11/15 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

Going concern doubt: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2024

Turnover

£35.4M

Annual revenue

Net Worth

£100

Balance sheet strength

Cash

£1.1M

Cash in the bank

Profit Before Tax

£3.7M

Bottom line earnings

Net Current Assets

—

Working capital

Current Assets

—

Current Liabilities

£6.9M

Fixed Assets

£386k

Debtors

£14.9M

Cost of Sales

£30.1M

Gross Profit

£5.3M

Admin Expenses

£2.0M

Operating Profit

£3.3M

Profit After Tax

£2.0M

84avg. employees+5

Tax at Year End

Corp tax£892k
VAT£0

People Costs

Wages & salaries£4.8M
NI contributions£514k
Prepared with Silverfin