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Wela Property Ltd

09656005

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

LEYTONSTONE HOUSE 3 HANBURY DRIVE, LONDON, E11 1GA
Incorporated 25/06/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mrs Jan Mary Wong

director · Since 25/06/2015

DIRECTOR

BRITISH · ENGLAND · Age 72

Also on 4 other boards

Mr Kwok Keung Wong

director · Since 25/06/2015

DIRECTOR

BRITISH · ENGLAND · Age 76

Also on 4 other boards

Persons with Significant Control

Mr Kwok Keung Wong

25–50% shares
25–50% votes

British · England · Age 76

Leytonstone House, 3 Hanbury Drive, London, E11 1GA

Notified 06/04/2016

Mrs Jan Mary Wong

25–50% shares
25–50% votes

British · England · Age 72

Leytonstone House, 3 Hanbury Drive, London, E11 1GA

Notified 06/04/2016

CompanyRankvs 64172+ SIC 68209 peers
61

Financial strength84th percentile among SIC peers · 21/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.07× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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64172Wela Property Ltd
60
How is this score calculated?
Financial strength21/25 pts

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

Employees12/15 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.

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.

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

Key FinancialsYear ending 30/09/2024

Net Worth

£240k

Balance sheet strength

Cash

£55k

Cash in the bank

Net Current Assets

-£730k

Working capital

Current Assets

£57k

Current Liabilities

£787k

Debtors

£2k

2avg. employees

Tax at Year End

Corp tax£8k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.07+£26k
20230.04+£28k
20220.05+£27k
20210.02+£23k
20200.03+£20k
20190.01+£28k
20180.05—

Derived from filed accounts. Not audited figures.