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Welcome Health Pharmacies Limited

10766694

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 8 outstanding charges (-10)

Details

364 WEST ROAD, NEWCASTLE UPON TYNE, NE4 9JY
Incorporated 11/05/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46460
Wholesale of pharmaceutical goods

Officers

Mr Vaibhav Singh Chhatwal

director · Since 13/07/2017

PHARMACIST

BRITISH · ENGLAND · Age 45

Also on 4 other boards

Persons with Significant Control

Mr Vaibhav Singh Chhatwal

75–100% shares

British · England · Age 45

364, West Road, Newcastle Upon Tyne, NE4 9JY

Notified 15/01/2020

Former PSCs

Welcome Health Limited

Ceased 15/01/2020

Charges8 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 23/04/2025Registered 06/05/2025
Charge
outstanding

LLOYDS BANK PLC

Created 10/06/2024Registered 12/06/2024
Charge
outstanding

LLOYDS BANK PLC (CRN: 2065)

Created 03/07/2023Registered 06/07/2023
Charge
outstanding

LLOYDS BANK PLC (CRN: 2065)

Created 29/04/2023Registered 05/05/2023
Charge
outstanding

LLOYDS BANK PLC

Created 01/10/2021Registered 06/10/2021
Charge
outstanding

LLOYDS BANK PLC (CRN: 2065)

Created 04/08/2021Registered 05/08/2021
Charge
outstanding

LLOYDS BANK PLC

Created 20/07/2021Registered 20/07/2021
Charge
outstanding

LLOYDS BANK COMMERCIAL FINANCE LTD

Created 30/06/2021Registered 05/07/2021
Charge
satisfied

HSBC UK BANK PLC

Created 06/07/2020Registered 13/07/2020Satisfied 21/10/2021
Charge
satisfied

HSBC UK BANK PLC

Created 13/01/2020Registered 13/01/2020Satisfied 21/10/2021
Charge
satisfied

HSBC UK BANK PLC

Created 13/01/2020Registered 13/01/2020Satisfied 21/10/2021
Charge
satisfied

HSBC UK BANK PLC

Created 11/07/2019Registered 11/07/2019Satisfied 21/10/2021
Charge
satisfied

HSBC UK BANK PLC

Created 18/06/2019Registered 19/06/2019Satisfied 21/10/2021
Charge
satisfied

HSBC INVOICE FINANCE (UK) LTD

Created 10/06/2019Registered 10/06/2019Satisfied 21/10/2021
Charge
satisfied

HSBC UK BANK PLC

Created 03/06/2019Registered 03/06/2019Satisfied 21/10/2021
Charge
satisfied

HSBC UK BANK PLC

Created 14/03/2019Registered 14/03/2019Satisfied 21/10/2021
Charge
satisfied

HSBC UK BANK PLC

Created 12/03/2019Registered 14/03/2019Satisfied 21/10/2021
Charge
satisfied

HSBC UK BANK PLC

Created 12/03/2019Registered 12/03/2019Satisfied 21/10/2021
Charge
satisfied

WELCOME HEALTH LIMITED

Created 05/02/2018Registered 16/02/2018Satisfied 28/03/2019
Charge
satisfied

WELCOME HEALTH LIMITED

Created 13/07/2017Registered 17/07/2017Satisfied 28/03/2019

CompanyRankvs 345+ SIC 46460 peers
66

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.16× · 12/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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345Welcome Health Pharmacies Limited
76
How is this score calculated?
Financial strength25/25 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.

Liquidity12/20 pts

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

Longevity9/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/06/2025

Net Worth

£7.2M

Balance sheet strength

Cash

£414k

Cash in the bank

Net Current Assets

£153k

Working capital

Current Assets

£1.1M

Current Liabilities

£931k

Fixed Assets

£11.1M

Debtors

£417k

51avg. employees+9

Tax at Year End

Corp tax£94k
VAT£128k

People Costs

Wages & salaries£1.5M

Balance Sheet

Intangible assets£9.8M
Assets less current liabilities£11.2M
Prepared with Capium Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251.16+£2.3M£2.6M
20242.23+£676k£1.9M
20231.37+£1.1M—
20222.04+£502k—
20211.69+£1.8M—
20201.58+£303k—
20192.49+£393k—
20181.14——

Derived from filed accounts. Not audited figures.