Company Overview
Welcome Energy Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 22 September 2016, so this is a well established company. Welcome Energy Ltd has been in business for 9 years and 6 months. The accounts status is total exemption full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Monarch House, Stafford Road, Wallington, SM6 9AN
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Companies House Data
Company NameWELCOME ENERGY LTD
Company Number10389438
Registered Office AddressMonarch House
 Stafford Road
 SM6 9AN
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date22/09/2016
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/03/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date20/10/2017
Directors & Members
Show Resigned
Parminder Dosanjh - Director
(British, 71 years old, born December 1955)
Appointed 05 July 2017
Active
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2022
Balance Sheet
Fixed Assets 455 455 642
Current Assets 915,335 915,335 530,565
Creditors Due Within One Year 633,728 633,728 368,768
Working Cap 281,607 281,607 161,797
Total Assets Less Current Liabilities 282,062 282,062 162,439
Long-term Liabilities 329,879 329,879 330,191
Net Assets -47,817 -47,817 -167,752
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -47,817 -47,817 -167,752
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2022
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.1%
Stocks Inventory - - -
Debtors 19.2% 19.2% 25.6%
Cash Bank In Hand 80.8% 80.8% 74.2%
Current Assets 100.0% 100.0% 99.9%
Creditors Due Within One Year 69.2% 69.2% 69.4%
Net Current Assets Liabilities 30.8% 30.8% 30.5%
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 -5.2% -5.2% -31.6%
Capital Employed - - -
Total Assets Less Current Liabilities 30.8% 30.8% 30.6%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2022
Liquidity Ratio 1.4 1.4 1.4
Solvency Ratio 1.0 1.0 0.8
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-Mar-2024 31-Mar-2023 31-Mar-2022
Assets 915,790 915,790 531,207
Debt 963,607 963,607 698,959
Net Assets/Debt -47,817 -47,817 -167,752

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. The balance sheet net assets figure is negative. 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 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. The balance sheet net assets figure is negative. 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 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. The balance sheet net assets figure is negative. 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
Confirmation statement made on 6 July 2025 with no updates
Confirmation statement made on 6 July 2024 with no updates
Confirmation statement made on 6 July 2023 with no updates
Previous accounting period extended from 31 January 2023 to 31 March 2023
Confirmation statement made on 6 July 2022 with no updates
Confirmation statement made on 6 July 2021 with no updates
Confirmation statement made on 6 July 2020 with no updates
Confirmation statement made on 6 July 2019 with no updates
Confirmation statement made on 6 July 2018 with no updates
Previous accounting period extended from 30 September 2017 to 31 January 2018
Termination of appointment of Twm Corporate Services Limited as a secretary on 11 August 2017
Registered office address changed from 65 Woodbridge Road Guildford Surrey GU1 4rd England to Monarch House Stafford Road Wallington SM6 9AN on 11 August 2017
Director's details changed for Mr Parminder Singh Dosanjh on 6 July 2017
Confirmation statement made on 6 July 2017 with updates
Cessation of Hadleigh James Rossiter as a person with significant control on 5 July 2017
Registered office address changed from Office 232, Reaver House 12 East Street Epsom KT17 1HX England to 65 Woodbridge Road Guildford Surrey GU1 4rd on 6 July 2017
Appointment of Twm Corporate Services Limited as a secretary on 5 July 2017

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