Wernick Power Solutions Limited
11925173
Healthy
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 04/04/2019
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 15 other boards
secretary · Since 04/04/2019
director · Since 04/04/2019
CHAIRMAN
BRITISH · ENGLAND · Age 69
Also on 8 other boards
director · Since 01/01/2021
DIRECTOR
BRITISH · ENGLAND · Age 36
Also on 11 other boards
director · Since 01/01/2023
DIRECTOR
BRITISH · ENGLAND · Age 54
Also on 2 other boards
Persons with Significant Control
S Wernick & Sons (Holdings) Limited
Molineux House, Russell Gardens, Wickford, SS11 8QG
Reg: 00710682 · Companies House · Limited Company
Notified 06/08/2021
Former PSCs
Mr David Mark Wernick
Ceased 06/08/2021
Charges3 outstanding
HSBC EQUIPMENT FINANCE (UK) LTD
LOMBARD NORTH CENTRAL PLC
LOMBARD NORTH CENTRAL PLC
CompanyRankvs 8770+ SIC 77320 peers43
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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
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
Key FinancialsYear ending 31/12/2024
Net Worth
£5.9M
Balance sheet strength
Cash
£925k
Cash in the bank
Profit Before Tax
£3.3M
Bottom line earnings
Net Current Assets
-£15.3M
Working capital
Current Assets
£4.0M
Current Liabilities
£19.3M
Fixed Assets
£21.2M
Debtors
£2.7M
Cost of Sales
£10.8M
Admin Expenses
£4.7M
Profit After Tax
£2.4M
Tax at Year End(2023)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.21 | +£2.3M |
| 2023 | 0.20 | +£1.4M |
| 2022 | 0.14 | +£404k |
| 2021 | 0.12 | +£1.2M |
| 2020 | 0.11 | +£214k |
| 2019 | 0.10 | — |
Derived from filed accounts. Not audited figures.