Welcome Furniture Group Limited
10539330
Some Concerns
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/03/2025
group
Next accounts due
31/12/2026
Confirmation statement
Last: 22/12/2025
Due 05/01/2027
Industry
Officers
director · Since 23/12/2016
DIRECTOR
BRITISH · UNITED KINGDOM · Age 57
Also on 16 other boards
secretary · Since 07/08/2017
director · Since 23/07/2021
DIRECTOR
BRITISH · WALES · Age 46
Also on 3 other boards
Persons with Significant Control
Mr John Adrian Peterson
British · United Kingdom · Age 58
5th Floor, Free Trade Exchange, Manchester, M2 5GB
Notified 23/12/2016
Mr Martin Anthony Balaam
British · United Kingdom · Age 57
5th Floor, Free Trade Exchange, Manchester, M2 5GB
Notified 23/12/2016
Charges3 outstanding
IFW-DEBT LP (ACTING BY ITS GENERAL PARTNER) FWC IFW DEBT GP LIMITED ACTING BY FW CAPITAL LIMITE
HSBC UK BANK PLC
FINANCE WALES INVESTMENTS (14) LTD
CompanyRankvs 2382+ SIC 31090 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
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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
Key FinancialsYear ending 31/03/2025
Net Worth
£6.5M
Balance sheet strength
Cash
£33k
Cash in the bank
Net Current Assets
£1.2M
Working capital
Current Assets
—
Current Liabilities
£2.8M
Fixed Assets
£4.4M
Debtors
£4.0M
Cost of Sales
£20.0M
Profit After Tax
-£90k
Tax at Year End
People Costs
Balance Sheet