Company Overview
Millweld Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 02 February 2005, so this is a well established company. Millweld Limited has been in business for 21 years and 2 months. The accounts status is total exemption full and the accounts are next due on Monday 30 November 2026.
Registered Address

Unit 2, Lowca Lane Business Park, Lowca Lane, Seaton, Workington, Cumbria, CA14 1BQ
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Companies House Data
Company NameMILLWELD LIMITED
Company Number05350022
Registered Office AddressUnit 2, Lowca Lane Business Park
 Lowca Lane, Seaton
 CA14 1BQ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date02/02/2005
Accounting Reference Date Day28
Accounting Reference Date Month2
Accounts Next Due Date30/11/2026
Accounts Last Made Up Date28/02/2025
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date02/03/2017
Returns Last Made Up Date02/02/2016
Directors & Members
Show Resigned
Desmond Johnstone - Director
(British, 52 years old, born September 1974)
Appointed 02 February 2005
 Active
Neil Rowley - Director
(British, 44 years old, born April 1982)
Appointed 26 May 2022
 Active
Liam Smith - Director
(British, 32 years old, born March 1994)
Appointed 08 June 2020
 Active
Secretaries
Show Resigned
Other Company Directorships
Desmond Johnstone
GDJ GROUP LIMITED
GDJ PROPERTIES LIMITED
LOWCA LANE BUSINESS PARK LTD
Neil Rowley
No companies found
Liam Smith
No companies found
Balance Sheet Unlock full report
Accounts Date 28-Feb-2025 28-Feb-2023 28-Feb-2022
Balance Sheet
Fixed Assets 163,479 163,479 74,365
Current Assets 537,407 537,407 2,175,818
Creditors Due Within One Year 330,798 330,798 238,880
Working Cap 206,609 206,609 1,936,938
Total Assets Less Current Liabilities 370,088 370,088 2,011,303
Long-term Liabilities 24,923 24,923 18,135
Net Assets 345,165 345,165 1,993,168
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 345,165 345,165 1,993,168
Common Size Financial Analysis Unlock full report
Accounts Date 28-Feb-2025 28-Feb-2023 28-Feb-2022
Tangible Fixed Assets - - -
Fixed Assets 23.3% 23.3% 3.3%
Stocks Inventory - - -
Debtors 63.8% 63.8% 94.9%
Cash Bank In Hand 12.8% 12.8% 1.8%
Current Assets 76.7% 76.7% 96.7%
Creditors Due Within One Year 47.2% 47.2% 10.6%
Net Current Assets Liabilities 29.5% 29.5% 86.1%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 49.2% 49.2% 88.6%
Capital Employed - - -
Total Assets Less Current Liabilities 52.8% 52.8% 89.4%
Financial Ratio Analysis Unlock full report
Accounts Date 28-Feb-2025 28-Feb-2023 28-Feb-2022
Liquidity Ratio 1.6 1.6 9.1
Solvency Ratio 2.0 2.0 8.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 28-Feb-2025 28-Feb-2023 28-Feb-2022
Assets 700,886 700,886 2,250,183
Debt 355,721 355,721 257,015
Net Assets/Debt 345,165 345,165 1,993,168

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around CA14 1BQ
No other companies found in the same location
Document Filings
Confirmation statement made on 2 February 2026 with updates
Confirmation statement made on 2 February 2025 with no updates
Confirmation statement made on 2 February 2024 with updates
Registered office address changed from Unit 1, Lowca Lane Business Park Lowca Lane, Seaton Workington Cumbria CA14 1BQ United Kingdom to Unit 2, Lowca Lane Business Park Lowca Lane, Seaton Workington Cumbria CA14 1BQ on 11 October 2023
Notification of Gdj Group Limited as a person with significant control on 28 February 2023
Cessation of Desmond William Johnstone as a person with significant control on 28 February 2023
Confirmation statement made on 2 February 2023 with updates
Appointment of Mr Neil Rowley as a director on 26 May 2022
Satisfaction of charge 053500220001 in full
Confirmation statement made on 2 February 2022 with no updates
Confirmation statement made on 2 February 2021 with no updates
Amended total exemption full accounts made up to 29 February 2020
Appointment of Mr Liam Smith as a director on 8 June 2020
Confirmation statement made on 2 February 2020 with no updates
Confirmation statement made on 2 February 2019 with no updates
Registered office address changed from Unit 6 Bowford Buildings Reedlands Road Clay Flatts Industrial Estate Workington Cumbria CA14 3YF to Unit 1, Lowca Lane Business Park Lowca Lane, Seaton Workington Cumbria CA14 1BQ on 31 August 2018
Registration of charge 053500220001, created on 6 March 2018
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