Well Able Limited

11625794

active

Private Limited Company

Companies House

Health Score

73 / 100

Some Concerns

25/30

Filing

10/30

Financial

38/40

Risk

No accounts filed in last 18 months (-5)
Current liabilities exceed current assets (-10)
1 outstanding charge (-2)

Details

LINDUM HOUSE BEELS ROAD, GRIMSBY, DN41 8DN

Incorporated 16/10/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209

Activities of other holding companies

Officers

Bernard Sellars

director · Since 24/12/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

director · Since 24/12/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Persons with Significant Control

Gavin Sellars

25–50% shares

British · United Kingdom · Age 78

Lindum House, Beels Road, Grimsby, DN41 8DN

Notified 16/10/2018

Bernard Sellars

Significant control

British · United Kingdom · Age 52

Lindum House, Beels Road, Stallingborough, DN41 8DN

Notified 23/12/2018

Ulrika Sara Sellars

Significant control

Swedish · United Kingdom · Age 54

Lindum House, Beels Road, Stallingborough, DN41 8DN

Notified 23/12/2018

Carly Sellars

Significant control

British · United Kingdom · Age 46

Lindum House, Beels Road, Stallingborough, DN41 8DN

Notified 23/12/2018

Mr Gregg Sellars

Significant control

British · United Kingdom · Age 48

Lindum House, Beels Road, Stallingborough, DN41 8DN

Notified 23/12/2018

Eileen Helen Sellars

25–50% shares

British · United Kingdom · Age 73

Lindum House, Beels Road, Stallingborough, DN41 8DN

Notified 23/12/2018

Charges1 outstanding

A registered charge

outstanding

NATIONAL WESTMINSTER BANK PLC

Created 19/06/2026Registered 22/06/2026

Charge

satisfied

HANDELSBANKEN PLC

Created 01/09/2020Registered 01/09/2020Satisfied 05/03/2026

CompanyRankvs 1380+ SIC 64209 peers
69

Financial strength90th percentile among SIC peers · 23/25

Employees89th percentile among SIC peers · 13/15

LiquidityCurrent ratio 3.92× · 20/20

Longevity8 years trading (max 15) · 8/15

Filing complianceAll filings up to date · 15/15

Outstanding charges -10

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How is this score calculated?

Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

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

Longevity8/15 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 31/12/2024

Net Worth

£1.7M

Balance sheet strength

Cash

£601k

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£1.6M

Current Liabilities

£398k

Fixed Assets

£622k

Debtors

£866k

3avg. employees

Tax at Year End

Corp tax£21k

Balance Sheet

Assets less current liabilities£1.8M

Prepared with IRIS Accounts Production

EstimatesDerived

Year	Current Ratio	Implied Profit
2024	3.92	+£155k
2023	7.33	+£667k
2022	4.60	+£619k
2021	4.29	—

Derived from filed accounts. Not audited figures.