Wearwell Group Holdings Limited
14897485
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
30/09/2026
Confirmation statement
Last: 11/05/2026
Due 25/05/2027
Industry
Officers
director · Since 26/05/2023
CHAIR PERSON
BRITISH · ENGLAND · Age 68
Also on 6 other boards
director · Since 26/05/2023
CHIEF EXECUTIVE
BRITISH · ENGLAND · Age 59
Also on 6 other boards
Persons with Significant Control
Richard Wright
British · England · Age 59
Gargarin, Lichfield Road, Tamworth, B79 7TR
Notified 26/05/2023
Charges1 outstanding
HSBC UK BANK PLC
CompanyRankvs 28071+ SIC 74990 peers8
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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
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and 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
Key FinancialsYear ending 31/12/2024
Net Worth
-£336k
Balance sheet strength
Cash
£1k
Cash in the bank
Net Current Assets
-£1.6M
Working capital
Current Assets
£193
Current Liabilities
£1.6M
Fixed Assets
£1.4M
Debtors
£100
Cost of Sales
£5.1M
Admin Expenses
£1.9M
Profit After Tax
-£160k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.00 | -£323k |
| 2023 | 0.00 | — |
Derived from filed accounts. Not audited figures.