WELLGEAR LIMITED
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Cash
£1.1M
+93.4% vs 2023
Net assets
£9.6M
+26.4% vs 2023
Employees
84
+6.3% vs 2023
Profit before tax
£3.7M
+263.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-07-02.
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £27,251,547 | £35,436,066 | +30% | |
| Operating profit | £694,997 | £3,348,479 | +381.8% | |
| Profit before tax | £1,023,416 | £3,724,363 | +263.9% | |
| Net profit | £739,949 | £2,004,956 | +171% | |
| Cash | £557,532 | £1,078,076 | +93.4% | |
| Total assets less current liabilities | £7,809,642 | £9,498,586 | +21.6% | |
| Net assets | £7,593,226 | £9,598,182 | +26.4% | |
| Equity | £7,593,226 | £9,598,182 | +26.4% | |
| Average employees | 79 | 84 | +6.3% | |
| Wages | £3,943,078 | £4,763,935 | +20.8% | |
| Directors' remuneration | £180,000 | £232,500 | +29.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 2.6% | 9.4% | |
| Net margin | 2.7% | 5.7% | |
| Return on capital employed | 8.9% | 35.3% | |
| Gearing (liabilities / total assets) | 63.3% | 41.6% | |
| Current ratio | 1.47x | 2.31x | |
| Interest cover | — | 29.46x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hall Morrice LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based upon our forecast for the next twelve months from the date of signing the financial statements we are not aware of any matters which would suggest that the company will not continue as a going concern. We confirm that the forecasts used in making these assessments are the most accurate available at the time of preparing the assessment. We confirm that all relevant disclosures have been included within the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HM SECRETARIES LIMITED | Corporate Secretary | 2016-03-08 | — | — |
| MACLEOD, Murdo | Director | 2016-03-08 | Jan 1975 | British |
| TJEERDSMA, Siger | Director | 2017-11-15 | Nov 1965 | Dutch |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLACK, Andrew Graham | Director | 2016-05-18 | 2017-11-15 |
| PITTMAN, Iain | Director | 2015-06-18 | 2016-03-08 |
| TJEERDSMA, Siger | Director | 2016-03-08 | 2016-05-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wellgear Group Bv | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 39 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-23 | AA | accounts | Accounts with accounts type full | |
| 2025-01-06 | CH01 | officers | Change person director company with change date | |
| 2025-01-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-06 | CH01 | officers | Change person director company with change date | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-12 | AA | accounts | Accounts with accounts type full | |
| 2023-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-25 | AA | accounts | Accounts with accounts type full | |
| 2022-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-24 | AA | accounts | Accounts with accounts type full | |
| 2022-02-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-01-17 | RP05 | address | Default companies house registered office address applied | |
| 2021-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-25 | AA | accounts | Accounts with accounts type full | |
| 2020-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-18 | CH01 | officers | Change person director company with change date | |
| 2020-06-16 | AA | accounts | Accounts with accounts type full | |
| 2019-08-05 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months