Wsg Industrial Services Uk Limited
10538872
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 27/02/2023
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 8 other boards
director · Since 27/02/2023
EUROPEAN REGIONAL DIRECTOR
BRITISH · ENGLAND · Age 54
Also on 4 other boards
director · Since 09/05/2023
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 41
Also on 14 other boards
Persons with Significant Control
Well Services Group Holdings (Uk) Ltd
Unit B, Rosie Road, Normanton, WF6 1ZB
Reg: 10537799 · Companies House Uk · Private Limited By Shares
Notified 23/12/2016
Mr Andrew Burrell
British · United Kingdom · Age 41
Unit B, Rosie Road, Normanton, WF6 1ZB
Notified 24/07/2025
Former PSCs
Anthony Green
Ceased 22/12/2022
Charges3 outstanding
HSBC UK BANK PLC
BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)
HSBC BANK PLC
HSBC BANK PLC
CompanyRankvs 12522+ SIC 71129 peers32
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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
signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Company to continue as a going concern. The Company meets its day to day working capital requirements through its bank facilities and from Group support. The Company is dependent on the continuing financial support of its ultimate parent
Key FinancialsYear ending 31/12/2022
Turnover
£19.2M
Annual revenue
Net Worth
-£1.2M
Balance sheet strength
Cash
£123k
Cash in the bank
Profit Before Tax
£746k
Bottom line earnings
Net Current Assets
£176k
Working capital
Current Assets
£4.4M
Current Liabilities
£4.2M
Fixed Assets
£1.7M
Debtors
£535k
Cost of Sales
£14.5M
Gross Profit
£4.7M
Admin Expenses
£3.8M
Operating Profit
£938k
Profit After Tax
£674k
Tax at Year End(2021)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 1.04 | +£674k |
| 2021 | 1.00 | — |
Derived from filed accounts. Not audited figures.