Welink Energy Portugal 2 (Uk) Limited
10848954
High Risk
- Accounts filing overdue (-15)
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- Active insolvency proceedings (-20)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/12/2023
full
Next accounts due
31/12/2025
Confirmation statement
Last: 03/07/2025
Due 17/07/2026
Industry
Officers
Mr Barry Michael O'Neill
director · Since 04/07/2017
DIRECTOR
IRISH · IRELAND · Age 57
Mr John Murphy
director · Since 30/11/2018
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 63
Former
secretary · Resigned 19/12/2018
director · Resigned 19/12/2018
Persons with Significant Control
Welink Energy Investments Portugal (Uk) Limited
First Floor, Unit 9 Old Field Road, Bocam Park, Bridgend
Reg: 10889828 · Companies House · Limited Company
Notified 05/07/2017
Former PSCs
Mr Barry Michael O'Neill
Ceased 05/07/2017
Mr Valentine O'Sullivan
Ceased 07/07/2017
Charges2 outstanding
INVESTEC BANK PLC AS SECURITY AGENT
INVESTEC BANK PLC AS SECURITY TRUSTEE
Insolvency History1 case
Danny Dartnaill (practitioner) · Kirsty Mcmahon (practitioner)
Change History
Active
Private Limited Company
3 HARDMAN SQUARE
MANCHESTER
CompanyRankvs 5175+ SIC 35110 peers0
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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
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 going concern are d
Key FinancialsYear ending 31/12/2023
Net Worth
-£2.9M
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
-£408k
Bottom line earnings
Net Current Assets
£7.2M
Working capital
Current Assets
—
Current Liabilities
£4.8M
Debtors
£11.9M
Admin Expenses
-£157k
Operating Profit
£615k
Profit After Tax
-£408k
Tax at Year End
Balance Sheet