Welkin (uk) Co. Ltd

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welkin (uk) co. ltd Company Information

Live

MatureMicroHigh

Company Number

04537888

Website

www.welkingroup.com

Registered Address

kemp house 128 city road, london, EC1V 2NX

Industry

Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Telephone

01293344828

Next Accounts Due

December 2024

Group Structure

View All

Directors

Io Chan22 Years

Wei Gao21 Years

Shareholders

wei gao 51%

io kei chan 49%

welkin (uk) co. ltd Estimated Valuation

£77.5k

Pomanda estimates the enterprise value of WELKIN (UK) CO. LTD at £77.5k based on a Turnover of £268.5k and 0.29x industry multiple (adjusted for size and gross margin).

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Welkin (uk) Co. Ltd is a live company located in london, EC1V 2NX with a Companies House number of 04537888. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in September 2002, it's largest shareholder is wei gao with a 51% stake. Welkin (uk) Co. Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £268.5k with high growth in recent years.

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Pomanda's financial health check has awarded Welkin (Uk) Co. Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £268.5k, make it smaller than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (3.4%)

EXPORT

Welkin (Uk) Co. Ltd's latest turnover from March 2023 is estimated at £268.5 thousand and the company has net assets of -£158.6 thousand. According to their latest financial statements, we estimate that Welkin (Uk) Co. Ltd has 1 employee and maintains cash reserves of £170.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	268,463	192,665	0	162,013	697,461	666,540	152,314	128,647	2,643,565	2,356,808	3,436,276	2,220,605	2,420,997	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	198,521	146,686	0	122,969	534,879	573,439	113,406	93,458	1,946,477	1,742,903	2,546,687	1,626,080	1,768,539	0
Gross Profit	69,942	45,980	0	39,044	162,582	93,101	38,908	35,188	697,089	613,905	889,589	594,525	652,458	0
Admin Expenses	105,898	69,785	56,025	5,262	120,237	64,022	40,257	203,826	707,509	553,315	934,863	578,560	858,085	-19,047
Operating Profit	-35,956	-23,805	-56,025	33,782	42,345	29,079	-1,349	-168,638	-10,420	60,590	-45,274	15,965	-205,627	19,047
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	13,534	3,550	517	464	2,452	0	822	607	2,783	2,114	1,494	1,536	3,003	2,156
Pre-Tax Profit	-22,422	-20,255	-55,508	34,246	44,798	29,079	-527	-168,031	-7,637	62,704	-43,780	17,501	-202,624	21,203
Tax	0	0	0	-6,507	-8,512	0	0	0	0	-14,422	0	-4,550	0	-5,937
Profit After Tax	-22,422	-20,255	-55,508	27,739	36,286	29,079	-527	-168,031	-7,637	48,282	-43,780	12,951	-202,624	15,266
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-22,422	-20,255	-55,508	27,739	36,286	29,079	-527	-168,031	-7,637	48,282	-43,780	12,951	-202,624	15,266
Employee Costs	46,522	43,672	0	41,639	120,928	13,200	39,770	39,377	403,953	308,253	435,396	304,186	329,496	0
Number Of Employees	1	1	0	1	3	3	1	1	10	8	11	8	9	0
EBITDA*	-35,845	-23,390	-54,432	35,249	43,567	29,497	-915	-167,988	-9,991	61,044	-44,942	16,192	-205,352	19,683

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	228	131	546	1,757	3,224	2	420	854	814	748	649	587	416	692
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	5,933	14,040	9,349	249,459	177,159	0
Total Fixed Assets	228	131	546	1,757	3,224	2	420	854	6,747	14,788	9,998	250,046	177,575	692
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	28,306	9,355	0	0	104,295	181,241	21,584	33,592	123,210	102,000	313,680	103,344	118,548	695,264
Group Debtors	26,346	26,346	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	336	587	27,588	40,315	26,800	557	1,703	1,024	0	0	0	0	0	0
Cash	170,758	466,126	480,644	553,773	373,795	280,192	415,065	242,738	589,601	523,730	321,968	275,708	338,767	862,297
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	225,746	502,414	508,232	594,088	504,890	461,990	438,352	277,354	712,811	625,730	635,648	379,052	457,315	1,557,561
total assets	225,974	502,545	508,778	595,845	508,114	461,992	438,772	278,208	719,558	640,518	645,646	629,098	634,890	1,558,253
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	56,478	55,409	0	25,787	0	0	34,831	358	834,599	738,805	836,419	773,751	792,085	1,527,987
Group/Directors Accounts	328,135	583,353	579,407	571,484	538,962	516,293	502,356	373,913	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	45,333	59,028	57,345	70,178	55,143	56,968	0	0	0	0	0	0
total current liabilities	384,613	638,762	624,740	656,299	596,307	586,471	592,330	431,239	834,599	738,805	836,419	773,751	792,085	1,527,987
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	47,501	56,618	12,414	14,754	15,163	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	47,501	56,618	12,414	14,754	15,163	0
total liabilities	384,613	638,762	624,740	656,299	596,307	586,471	592,330	431,239	882,100	795,423	848,833	788,505	807,248	1,527,987
net assets	-158,639	-136,217	-115,962	-60,454	-88,193	-124,479	-153,558	-153,031	-162,542	-154,905	-203,187	-159,407	-172,358	30,266
total shareholders funds	-158,639	-136,217	-115,962	-60,454	-88,193	-124,479	-153,558	-153,031	-162,542	-154,905	-203,187	-159,407	-172,358	30,266

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-35,956	-23,805	-56,025	33,782	42,345	29,079	-1,349	-168,638	-10,420	60,590	-45,274	15,965	-205,627	19,047
Depreciation	111	415	1,593	1,467	1,222	418	434	650	429	454	332	227	275	636
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-6,507	-8,512	0	0	0	0	-14,422	0	-4,550	0	-5,937
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	18,700	8,700	-12,727	-90,780	-50,703	158,511	-11,329	34,616	13,103	-206,989	-29,774	57,096	-399,557	695,264
Creditors	1,069	55,409	-25,787	25,787	0	-34,831	34,473	358	95,794	-97,614	62,668	-18,334	-735,902	1,527,987
Accruals and Deferred Income	0	-45,333	-13,695	1,683	-12,833	15,035	-1,825	56,968	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-53,476	-22,014	-81,187	146,992	72,925	-148,810	43,062	-145,278	72,700	155,997	47,500	-63,788	-541,697	846,469
Investing Activities
capital expenditure	-208	0	-382	0	-4,444	0	0	-1,504	-495	-553	-394	-398	1	-1,328
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-208	0	-382	0	-4,444	0	0	-1,504	-495	-553	-394	-398	1	-1,328
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-255,218	3,946	7,923	32,522	22,669	13,937	128,443	373,913	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-9,117	44,204	-2,340	-409	15,163	0
share issue	0	0	0	0	0	0	0	15,000	0	0	0	0	0	15,000
interest	13,534	3,550	517	464	2,452	0	822	607	2,783	2,114	1,494	1,536	3,003	2,156
cash flow from financing	-241,684	7,496	8,440	32,986	25,121	13,937	129,265	389,520	-6,334	46,318	-846	1,127	18,166	17,156
cash and cash equivalents
cash	-295,368	-14,518	-73,129	179,978	93,603	-134,873	172,327	242,738	65,871	201,762	46,260	-63,059	-523,530	862,297
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-295,368	-14,518	-73,129	179,978	93,603	-134,873	172,327	242,738	65,871	201,762	46,260	-63,059	-523,530	862,297

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for welkin (uk) co. ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in EC1V area or any other competitors across 12 key performance metrics.

WELKIN (UK) CO. LTD group structure

Welkin (Uk) Co. Ltd has no subsidiary companies.

Ultimate parent company

WELKIN (UK) CO. LTD

04537888

WELKIN (UK) CO. LTD Shareholders

wei gao	51%
io kei chan	49%

Welkin (Uk) Co. Ltd currently has 2 directors. The longest serving directors include Mr Io Chan (Sep 2002) and Ms Wei Gao (Oct 2002).

officer	country	age	start	end	role
Mr Io Chan	England	74 years	Sep 2002	-	Director
Ms Wei Gao	China	56 years	Oct 2002	-	Director

P&L

March 2023

turnover

268.5k

+39%

operating profit

-36k

gross margin

26.1%

+9.17%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

-158.6k

+0.16%

total assets

226k

-0.55%

cash

170.8k

-0.63%

net assets

Total assets minus all liabilities

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company number

04537888

Type

Private limited with Share Capital

industry

46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

incorporation date

September 2002

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

kemp house 128 city road, london, EC1V 2NX

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to welkin (uk) co. ltd.

welkin (uk) co. ltd Company Information

welkin (uk) co. ltd Estimated Valuation

welkin (uk) co. ltd Estimated Valuation

welkin (uk) co. ltd Estimated Valuation

Welkin (uk) Co. Ltd Overview

Welkin (uk) Co. Ltd Health Check

WELKIN (UK) CO. LTD financials

welkin (uk) co. ltd Credit Report and Business Information

Welkin (uk) Co. Ltd Competitor Analysis

welkin (uk) co. ltd Ownership

welkin (uk) co. ltd directors

welkin (uk) co. ltd company details

welkin (uk) co. ltd Charges & Mortgages

welkin (uk) co. ltd Companies House Filings - See Documents