Welch Company Services Limited

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welch company services limited Company Information

Live

EstablishedMicroDeclining

Company Number

07959925

Website

www.welchaccountants.com

Registered Address

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

Industry

Accounting, and auditing activities

Telephone

01823321954

Next Accounts Due

September 2025

Group Structure

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Directors

Kenneth Welch12 Years

Shareholders

welch & co (south west) limited 50%

welch & ellis limited 25%

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welch company services limited Estimated Valuation

£46.2k

Pomanda estimates the enterprise value of WELCH COMPANY SERVICES LIMITED at £46.2k based on a Turnover of £70.1k and 0.66x industry multiple (adjusted for size and gross margin).

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Welch Company Services Limited is a live company located in taunton, TA2 6BJ with a Companies House number of 07959925. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in February 2012, it's largest shareholder is welch & co (south west) limited with a 50% stake. Welch Company Services Limited is a established, micro sized company, Pomanda has estimated its turnover at £70.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Welch Company Services Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £70.1k, make it smaller than the average company (£136k)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (7.7%)

EXPORT

Welch Company Services Limited's latest turnover from December 2023 is estimated at £70.1 thousand and the company has net assets of £465. According to their latest financial statements, Welch Company 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
Turnover	70,079	45,509	121,178	109,637	51,663	55,727	43,860	40,676	48,529
Other Income Or Grants	0	0	0	0	0	0	0	0	0
Cost Of Sales	38,991	24,632	62,526	52,361	3,015	2,315	18,422	15,575	20,776
Gross Profit	31,088	20,877	58,652	57,276	48,648	53,412	25,437	25,101	27,753
Admin Expenses	34,893	17,376	78,690	48,427	4,588	3,977	18,622	9,260	22,912
Operating Profit	-3,805	3,501	-20,038	8,849	44,060	49,435	6,815	15,841	4,841
Interest Payable	0	0	422	766	0	0	0	0	0
Interest Receivable	0	0	0	3	0	0	78	16	3
Pre-Tax Profit	-3,805	3,501	-20,460	8,086	44,060	49,435	6,893	15,857	4,844
Tax	0	-665	0	-1,536	-8,371	-9,393	-1,310	-3,013	-969
Profit After Tax	-3,805	2,836	-20,460	6,550	35,689	40,042	5,583	12,844	3,875
Dividends Paid	0	0	0	0	0	0	0	0	0
Retained Profit	-3,805	2,836	-20,460	6,550	35,689	40,042	5,583	12,844	3,875
Employee Costs	46,398	23,445	45,021	43,147	22,220	24,348	23,570	22,049	30,787
Number Of Employees	2	1	2	2	1	1	1	1	1
EBITDA*	-3,805	3,501	-20,038	8,849	44,060	49,435	6,815	15,841	4,841

* 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
Tangible Assets	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0
Trade Debtors	33,651	24,355	67,839	61,308	30,009	26,468	22,198	17,048	17,050
Group Debtors	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	5,172	0	1,819	0
Cash	0	0	0	0	11,270	6,654	19,423	11,613	1,223
misc current assets	0	0	0	0	70	0	0	0	0
total current assets	33,651	24,355	67,839	61,308	41,349	38,294	41,621	30,480	18,273
total assets	33,651	24,355	67,839	61,308	41,349	38,294	41,621	30,480	18,273
Bank overdraft	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0
Trade Creditors	33,186	20,085	66,405	25,914	0	0	0	6,167	600
Group/Directors Accounts	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	13,029	11,600	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	8,387	10,950	18,919	7,194	13,698
total current liabilities	33,186	20,085	66,405	25,914	21,416	22,550	18,919	13,361	14,298
loans	0	0	0	13,500	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	13,500	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	13,500	13,500	0	0	0	0
total liabilities	33,186	20,085	66,405	39,414	34,916	22,550	18,919	13,361	14,298
net assets	465	4,270	1,434	21,894	6,433	15,744	22,702	17,119	3,975
total shareholders funds	465	4,270	1,434	21,894	6,433	15,744	22,702	17,119	3,975

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	Feb 2015	Feb 2014	Feb 2013
Operating Activities
Operating Profit	-3,805	3,501	-20,038	8,849	44,060	49,435	6,815	15,841	4,841	0	0	0	0
Depreciation	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
Tax	0	-665	0	-1,536	-8,371	-9,393	-1,310	-3,013	-969	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	9,296	-43,484	6,531	29,668	-1,631	9,442	3,331	1,817	17,050	0	0	0	0
Creditors	13,101	-46,320	40,491	25,914	0	0	-6,167	5,567	600	0	0	0	0
Accruals and Deferred Income	0	0	0	-10,950	-2,563	-7,969	11,725	-6,504	13,698	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	13,922	-7,391	34,757	22,631	7,732	10,074	1,120	0	0	0	0
Investing Activities
capital expenditure	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
cash flow from investments	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
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-11,600	1,429	11,600	0	0	0	0	0	0	0
Long term loans	0	0	-13,500	13,500	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
other long term liabilities	0	0	0	0	13,500	0	0	0	0	0	0	0	0
share issue	0	0	0	-400	-45,000	-47,000	0	300	100	0	0	0	0
interest	0	0	-422	-763	0	0	78	16	3	0	0	0	0
cash flow from financing	0	0	-13,922	737	-30,071	-35,400	78	316	103	0	0	0	0
cash and cash equivalents
cash	0	0	0	-6,654	4,616	-12,769	7,810	10,390	1,223	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	-6,654	4,616	-12,769	7,810	10,390	1,223	0	0	0	0

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 welch company services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in TA2 area or any other competitors across 12 key performance metrics.

WELCH COMPANY SERVICES LIMITED group structure

Welch Company Services Limited has no subsidiary companies.

Ultimate parent company

WELCH COMPANY SERVICES LIMITED

07959925

WELCH COMPANY SERVICES LIMITED Shareholders

welch & co (south west) limited	50%
welch & ellis limited	25%
andrew richard snook	25%

Welch Company Services Limited currently has 1 director, Mr Kenneth Welch serving since Feb 2012.

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

P&L

December 2023

turnover

70.1k

+54%

operating profit

-3.8k

gross margin

44.4%

-3.3%

turnover

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

Balance Sheet

December 2023

net assets

465

-0.89%

total assets

33.7k

+0.38%

cash

net assets

Total assets minus all liabilities

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company number

07959925

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

February 2012

ultimate parent company

None

previous names

ungaliophis feb 12 limited (September 2015)

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 company services limited.

welch company services limited Company Information

welch company services limited Estimated Valuation

welch company services limited Estimated Valuation

welch company services limited Estimated Valuation

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WELCH COMPANY SERVICES LIMITED financials

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