Wedo Developments Ltd
12281035
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 25/10/2019
DIRECTOR
PORTUGUESE · ANGOLA · Age 54
director · Since 19/04/2022
BUSINESSMAN
PORTUGUESE · UNITED KINGDOM · Age 30
Persons with Significant Control
Mr. Pedro Miguel Marques Vieira Dos Santos
Portuguese · Angola · Age 54
Bairro Do Tchioco, Zona Industrial, Lubango
Notified 25/10/2019
Antonio Henrique Marques Antunes
Portuguese · Angola · Age 70
Bairro Do Tchioco, Zona Industrial, Lubango
Notified 14/09/2023
Former PSCs
Mr. Filipe Osorio De Sousa Felgueiras Lopes
Ceased 01/09/2023
CompanyRankvs 38328+ SIC 43999 peers30
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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
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 31/10/2024
Net Worth
-£402k
Balance sheet strength
Cash
£460k
Cash in the bank
Profit Before Tax
£2.6M
Bottom line earnings
Net Current Assets
-£999k
Working capital
Current Assets
£159.9M
Current Liabilities
£160.9M
Fixed Assets
£597k
Debtors
£159.4M
Profit After Tax
-£1.1M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.99 | -£597k |
| 2022 | 0.98 | — |
Derived from filed accounts. Not audited figures.