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Wellspring Care Homes Ltd

11753944

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

2 SPURWAY PARADE, ILFORD, IG2 6UU
Incorporated 07/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

88990
Other social work activities without accommodation

Officers

Mr Nadim Ahmad

director · Since 07/01/2019

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Mr Faheem Maqsood

director · Since 01/09/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Also on 4 other boards

Persons with Significant Control

Mr Nadim Ahmad

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 58

2, Spurway Parade, Ilford, IG2 6UU

Notified 07/01/2019

CompanyRankvs 2348+ SIC 88990 peers
70

Financial strength86th percentile among SIC peers · 22/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.31× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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2348Wellspring Care Homes Ltd
70
How is this score calculated?
Financial strength22/25 pts

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

Employees14/15 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.

Longevity7/15 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.

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

Key FinancialsYear ending 31/01/2025

Net Worth

£81k

Balance sheet strength

Cash

£275k

Cash in the bank

Net Current Assets

£65k

Working capital

Current Assets

£275k

Current Liabilities

£210k

Fixed Assets

£45k

28avg. employees+1

Balance Sheet

Assets less current liabilities£110k
Signed by 2024-02-01Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20251.31+£20k
20241.64+£9k
20230.67-£41k
20220.04+£19k
20210.03+£39k
20200.02—

Derived from filed accounts. Not audited figures.