Company Overview
Welcome Engineering Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 24 October 2008, so this is a well established company. Welcome Engineering Limited has been in business for 17 years and 5 months. The accounts status is total exemption full and the accounts are next due on Sunday 31 July 2022.
Registered Address

6 Third Avenue, Worthing, West Sussex, BN14 9NZ
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Companies House Data
Company NameWELCOME ENGINEERING LIMITED
Company Number06732311
Registered Office Address6 Third Avenue
 BN14 9NZ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date24/10/2008
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2022
Accounts Last Made Up Date31/10/2020
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date21/11/2016
Returns Last Made Up Date24/10/2015
Directors & Members
Francis Chan - Director
(British, 73 years old, born July 1953)
Appointed 24 October 2008
 Active
Secretaries
Show Resigned
Other Company Directorships
Francis Chan
BRICK SOURCE LIMITED
CAERLEON ESTATES LIMITED
DIGITAL INKWORKS LIMITED
FLEXIONS LIMITED
INSIDE SOLUTIONS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Balance Sheet
Fixed Assets 18,882 23,134 17,934
Current Assets 20,896 18,134 17,167
Creditors Due Within One Year 10,081 11,955 10,175
Working Cap 10,815 6,179 6,992
Total Assets Less Current Liabilities 29,697 29,313 24,926
Long-term Liabilities 29,695 29,311 24,924
Net Assets 2 2 2
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 2 2 2
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Tangible Fixed Assets - - -
Fixed Assets 47.5% 56.1% 51.1%
Stocks Inventory - - -
Debtors 38.1% 36.7% 43.2%
Cash Bank In Hand 14.4% 7.2% 5.7%
Current Assets 52.5% 43.9% 48.9%
Creditors Due Within One Year 25.3% 29.0% 29.0%
Net Current Assets Liabilities 27.2% 15.0% 19.9%
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 0.0% 0.0% 0.0%
Capital Employed - - -
Total Assets Less Current Liabilities 74.7% 71.0% 71.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Liquidity Ratio 2.1 1.5 1.7
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Assets 39,778 41,268 35,101
Debt 39,776 41,266 35,099
Net Assets/Debt 2 2 2
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. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock 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. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   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. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

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
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Document Filings
Termination of appointment of Marcelle Chan as a secretary on 11 March 2022
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Confirmation statement made on 29 September 2020 with no updates
Confirmation statement made on 24 October 2019 with no updates
Confirmation statement made on 24 October 2018 with updates
Confirmation statement made on 24 October 2017 with no updates
Confirmation statement made on 24 October 2016 with updates
Annual return made up to 24 October 2015 with full list of shareholders
Annual return made up to 24 October 2014 with full list of shareholders
Annual return made up to 24 October 2013 with full list of shareholders
Annual return made up to 24 October 2012 with full list of shareholders
Annual return made up to 24 October 2011 with full list of shareholders
Registered office address changed from 18 Walton Close Worthing West Sussex BN13 2BJ on 15 November 2011
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