Welocate Limited
10280975
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr David Guy Warburton
British · England · Age 46
Unit A7, Suite A4, Ashworth House Rear,, Deakins Business Park, Bolton, BL7 9RP
Notified 23/12/2024
Former PSCs
Mr Matthew Plano
Ceased 23/12/2024
CompanyRankvs 16641+ SIC 68310 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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/12/2024
Net Worth
-£231k
Balance sheet strength
Cash
£61k
Cash in the bank
Net Current Assets
-£209k
Working capital
Current Assets
£61k
Current Liabilities
£270k
Fixed Assets
£2k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.23 | -£14k |
| 2023 | 0.32 | — |
Derived from filed accounts. Not audited figures.