Wedo Business Finance Ltd
11844897
Healthy
- Going concern doubt noted in accounts (-10)
- 5 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 25/02/2019
DIRECTOR
BRITISH · UNITED KINGDOM · Age 51
Also on 3 other boards
director · Since 25/02/2019
DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 8 other boards
Persons with Significant Control
Mr Chris Robinson
British · England · Age 47
Suites 3 And 4, First Floor,, Annie Kenney Mill, Oldham, OL9 7FQ
Notified 01/04/2019
Mr Mark Lindsay
British · United Kingdom · Age 51
Ground Floor, 2 Shepcote Office Village, Shepcote Lane, Sheffield, S9 1TG
Notified 05/09/2019
Former PSCs
Mr Chris Robinson
Ceased 05/09/2019
Charges5 outstanding
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CompanyRankvs 2022+ SIC 70100 peers55
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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
identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the 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 going c
Key FinancialsYear ending 31/12/2024
Turnover
£18.2M
Annual revenue
Net Worth
£288k
Balance sheet strength
Cash
£4.0M
Cash in the bank
Profit Before Tax
£429k
Bottom line earnings
Net Current Assets
£43.5M
Working capital
Current Assets
£47.5M
Current Liabilities
£4.0M
Fixed Assets
£6.4M
Debtors
£43.5M
Cost of Sales
£8.2M
Gross Profit
£9.9M
Admin Expenses
£9.5M
Operating Profit
£468k
Profit After Tax
£430k
Tax at Year End
Director Loans
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 11.84 | -£38k |
| 2023 | 6.68 | +£42k |
| 2022 | 1.83 | +£164k |
| 2021 | 1.37 | — |
| 2020 | 0.99 | — |
Derived from filed accounts. Not audited figures.