WELLGEAR LIMITED
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Cash
£47k
-95.7% lowest in 3 filed years
Net assets
£8.7m
-9.4% vs 2024
Employees
82
-2.4% vs 2024
Profit before tax
-£427k
-111.5% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-07-02.
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £27,251,547 | £34,651,662 | £14,477,751 | -58.2% | |
| Operating profit | £694,997 | £3,348,479 | -£513,670 | -115.3% | |
| Profit before tax | £1,023,416 | £3,724,363 | -£427,255 | -111.5% | |
| Net profit | £739,949 | £2,004,956 | -£897,873 | -144.8% | |
| Cash | £557,532 | £1,078,076 | £46,819 | -95.7% | |
| Total assets less current liabilities | £7,809,642 | £9,498,586 | £8,724,338 | -8.2% | |
| Net assets | £7,593,226 | £9,598,182 | £8,700,309 | -9.4% | |
| Equity | £7,593,226 | £9,598,182 | £8,700,309 | -9.4% | |
| Average employees | 79 | 84 | 82 | -2.4% | |
| Wages | £3,943,078 | £4,763,935 | £4,890,046 | +2.6% | |
| Directors' remuneration | £180,000 | £232,500 | £270,000 | +16.1% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.6% | 9.7% | -3.5% | |
| Net margin | 2.7% | 5.8% | -6.2% | |
| Return on capital employed | 8.9% | 35.3% | -5.9% | |
| Gearing (liabilities / total assets) | 63.3% | 41.6% | 46.9% | |
| Current ratio | 1.47x | 2.31x | 2.08x | |
| Interest cover | — | 29.46x | -4.07x |
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 on this assessment, the directors are not aware of any material uncertainties that may cast significant doubt on the company's ability to continue as a going concern. Accordingly, the financial statements have been prepared on the going concern basis.”
Significant events
- “The year ended 31 December 2025 was a transitional year for the company, marked by the completion of several long-term projects.”
- “Despite this, management deliberately chose not to materially reduce the organizational structure or workforce.”
- “Maintaining our operational capacity and expertise is considered critical to delivering high-quality services and ensuring readiness for upcoming project execution.”
- “Therefore, the company made a strategic decision to retain its workforce during 2025, accepting higher short-term costs in anticipation of future growth.”
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 40 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-03 | AA | accounts | Accounts with accounts type full | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.