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Wearwell Group Holdings Limited

14897485

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

GARGARIN, TAMWORTH, B79 7TR
Incorporated 26/05/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

74990
Non-trading company

Officers

Mr Simon Ralph Hughes

director · Since 26/05/2023

CHAIR PERSON

BRITISH · ENGLAND · Age 67

Also on 6 other boards

Richard Wright

director · Since 26/05/2023

CHIEF EXECUTIVE

BRITISH · ENGLAND · Age 58

Also on 6 other boards

Persons with Significant Control

Richard Wright

50–75% shares
50–75% votes
Appoint directors

British · England · Age 58

Gargarin, Lichfield Road, Tamworth, B79 7TR

Notified 26/05/2023

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 26/09/2023Registered 09/10/2023

CompanyRankvs 28614+ SIC 74990 peers
8

Financial strength1th percentile among SIC peers · 0/25
Employees53th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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28614Wearwell Group Holdings Limited
28
How is this score calculated?
Financial strength0/25 pts

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

Employees8/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity3/15 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.

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

0avg. employees

People Costs

Wages & salaries£1.6M

Balance Sheet

Intangible assets-£52k
Bank loans & overdrafts£1.9M
Assets less current liabilities£1.6M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.00-£323k
20230.00—

Derived from filed accounts. Not audited figures.