Welch Payroll Services Limited

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welch payroll services limited Company Information

Live

EstablishedMicroDeclining

Company Number

07264488

Website

www.welchaccountants.com

Registered Address

2 drake house, cook way, taunton, somerset, TA2 6BJ

Industry

Other human resources provision

Telephone

441823321954

Next Accounts Due

September 2025

Group Structure

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Directors

Kenneth Welch12 Years

Shareholders

welch & co (south west) limited 33.4%

thomas robert alwyn ellis 33.1%

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welch payroll services limited Estimated Valuation

£27.6k

Pomanda estimates the enterprise value of WELCH PAYROLL SERVICES LIMITED at £27.6k based on a Turnover of £118.1k and 0.23x industry multiple (adjusted for size and gross margin).

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Welch Payroll Services Limited is a live company located in taunton, TA2 6BJ with a Companies House number of 07264488. It operates in the human resources provision and management of human resources functions sector, SIC Code 78300. Founded in May 2010, it's largest shareholder is welch & co (south west) limited with a 33.4% stake. Welch Payroll Services Limited is a established, micro sized company, Pomanda has estimated its turnover at £118.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Welch Payroll Services Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £118.1k, make it smaller than the average company (£9.6m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6.4%)

EXPORT

Welch Payroll Services Limited's latest turnover from December 2023 is estimated at £118.1 thousand and the company has net assets of -£2.9 thousand. According to their latest financial statements, Welch Payroll Services Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011
Turnover	118,056	138,564	149,747	126,310	107,000	99,032	93,962	124,136	83,915	126,627	25,843	48,573	51,378	32,642
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	110,041	127,572	139,961	118,011	99,161	90,692	84,947	113,588	75,485	114,343	2,013	42,798	45,865	27,950
Gross Profit	8,015	10,992	9,786	8,298	7,839	8,339	9,015	10,548	8,430	12,285	23,830	5,775	5,513	4,692
Admin Expenses	11,198	22,223	12,425	-12,836	1,502	-11,983	18,303	11,727	17,141	11,936	16,685	8,203	5,409	381
Operating Profit	-3,183	-11,231	-2,639	21,134	6,337	20,322	-9,288	-1,179	-8,711	349	7,145	-2,428	104	4,311
Interest Payable	0	0	547	534	699	368	355	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	4	12	18	8	23	18	0	10	14	8
Pre-Tax Profit	-3,183	-11,231	-3,186	20,600	5,642	19,965	-9,624	-1,171	-8,688	368	7,145	-2,418	117	4,319
Tax	0	0	0	-3,914	-1,072	-3,793	0	0	0	-73	-962	0	-28	-1,123
Profit After Tax	-3,183	-11,231	-3,186	16,686	4,570	16,172	-9,624	-1,171	-8,688	294	6,183	-2,418	89	3,196
Dividends Paid	0	0	0	0	0	0	0	0	0	0	6,000	0	0	0
Retained Profit	-3,183	-11,231	-3,186	16,686	4,570	16,172	-9,624	-1,171	-8,688	294	183	-2,418	89	3,196
Employee Costs	119,055	109,507	108,280	104,004	93,555	106,500	97,449	47,174	49,114	46,048	14,581	46,518	48,141	45,672
Number Of Employees	2	2	2	2	2	2	2	1	1	1	1	1	1	1
EBITDA*	-3,183	-11,231	-2,639	21,134	6,337	20,322	-9,288	-1,179	-8,711	349	7,145	-2,428	104	4,311

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	8,691	20,881	25,570	24,704	0	3,854	4,213	25,940	16,256	19,905	24,018	8,281	10,964	7,724
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	16,367	18,948	23,144	24,499	30,355	15,377	12,933	0	0	0	0	0	0	0
Cash	0	0	0	0	7,337	0	3,100	4,243	2,287	7,047	252	1,763	2,375	3,027
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	25,058	39,829	48,714	49,203	37,692	19,231	20,246	30,183	18,543	26,952	24,270	10,044	13,339	10,751
total assets	25,058	39,829	48,714	49,203	37,692	19,231	20,246	30,183	18,543	26,952	24,270	10,044	13,339	10,751
Bank overdraft	0	0	0	0	0	0	2,914	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	27,939	39,527	37,181	16,984	0	20,748	24,108	0	0	23,608	1,421	7,177	8,054	5,555
Group/Directors Accounts	0	0	0	0	0	0	0	13,997	0	0	0	0	0	0
other short term finances	0	0	0	0	5,420	0	8,000	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	0	0	11,869	0	3,063	24,401	23,887	0	19,799	0	0	0
total current liabilities	27,939	39,527	37,181	16,984	17,289	20,748	38,085	38,398	23,887	23,608	21,220	7,177	8,054	5,555
loans	0	0	0	17,500	17,500	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	450	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	17,500	17,500	450	0	0	0	0	0	0	0	0
total liabilities	27,939	39,527	37,181	34,484	34,789	21,198	38,085	38,398	23,887	23,608	21,220	7,177	8,054	5,555
net assets	-2,881	302	11,533	14,719	2,903	-1,967	-17,839	-8,215	-5,344	3,344	3,050	2,867	5,285	5,196
total shareholders funds	-2,881	302	11,533	14,719	2,903	-1,967	-17,839	-8,215	-5,344	3,344	3,050	2,867	5,285	5,196

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011
Operating Activities
Operating Profit	-3,183	-11,231	-2,639	21,134	6,337	20,322	-9,288	-1,179	-8,711	349	7,145	-2,428	104	4,311
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-3,914	-1,072	-3,793	0	0	0	-73	-962	0	-28	-1,123
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-14,771	-8,885	-489	29,972	11,124	2,085	-8,794	9,684	-3,649	-4,113	15,737	-2,683	3,240	7,724
Creditors	-11,588	2,346	20,197	-3,764	-20,748	-3,360	24,108	0	-23,608	22,187	-5,756	-877	2,499	5,555
Accruals and Deferred Income	0	0	0	-450	11,419	-2,613	-21,338	514	23,887	-19,799	19,799	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	18,047	-16,966	-15,188	8,471	2,276	-10,349	-4,783	6,777	4,489	-622	-665	1,019
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-13,997	13,997	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	5,420	-8,000	8,000	0	0	0	0	0	0	0
Long term loans	0	0	-17,500	17,500	17,500	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	0	0	0	0	0	0
share issue	0	0	0	0	300	-300	0	-1,700	0	0	0	0	0	2,000
interest	0	0	-547	-534	-695	-356	-337	8	23	18	0	10	14	8
cash flow from financing	0	0	-18,047	16,966	22,525	-8,656	-6,334	12,305	23	18	0	10	14	2,008
cash and cash equivalents
cash	0	0	0	0	7,337	-3,100	-1,143	1,956	-4,760	6,795	-1,511	-612	-652	3,027
overdraft	0	0	0	0	0	-2,914	2,914	0	0	0	0	0	0	0
change in cash	0	0	0	0	7,337	-186	-4,057	1,956	-4,760	6,795	-1,511	-612	-652	3,027

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WELCH PAYROLL SERVICES LIMITED group structure

Welch Payroll Services Limited has no subsidiary companies.

Ultimate parent company

WELCH PAYROLL SERVICES LIMITED

07264488

WELCH PAYROLL SERVICES LIMITED Shareholders

welch & co (south west) limited	33.44%
thomas robert alwyn ellis	33.11%
kenneth reginald george welch	33.11%
indiana perry	0.33%

Welch Payroll Services Limited currently has 1 director, Mr Kenneth Welch serving since Mar 2012.

officer	country	age	start	end	role
Mr Kenneth Welch	England	72 years	Mar 2012	-	Director

P&L

December 2023

turnover

118.1k

-15%

operating profit

-3.2k

gross margin

6.8%

-14.41%

turnover

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

Balance Sheet

December 2023

net assets

-2.9k

-10.54%

total assets

25.1k

-0.37%

cash

net assets

Total assets minus all liabilities

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company number

07264488

Type

Private limited with Share Capital

industry

78300 - Other human resources provision

incorporation date

May 2010

ultimate parent company

None

previous names

welch payroll & company services limited (August 2015)

welch payroll services limited (December 2013)

address

2 drake house, cook way, taunton, somerset, TA2 6BJ

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 welch payroll services limited.

welch payroll services limited Company Information

welch payroll services limited Estimated Valuation

welch payroll services limited Estimated Valuation

welch payroll services limited Estimated Valuation

Welch Payroll Services Limited Overview

Welch Payroll Services Limited Health Check

WELCH PAYROLL SERVICES LIMITED financials

welch payroll services limited Credit Report and Business Information

Welch Payroll Services Limited Competitor Analysis

welch payroll services limited Ownership

welch payroll services limited directors

welch payroll services limited company details

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