wellgate projects ltd
wellgate projects ltd Company Information
Company Number
11831840
Next Accounts
Jul 2025
Industry
Other residential care activities
Shareholders
wg management limited
Group Structure
View All
Contact
Registered Address
bedford house fulham green, 69-79 fulham high street, london, SW6 3JW
Website
www.precious-homes.co.ukwellgate projects ltd Estimated Valuation
Pomanda estimates the enterprise value of WELLGATE PROJECTS LTD at £472.2k based on a Turnover of £706k and 0.67x industry multiple (adjusted for size and gross margin).
wellgate projects ltd Estimated Valuation
Pomanda estimates the enterprise value of WELLGATE PROJECTS LTD at £0 based on an EBITDA of £-980.6k and a 5.74x industry multiple (adjusted for size and gross margin).
wellgate projects ltd Estimated Valuation
Pomanda estimates the enterprise value of WELLGATE PROJECTS LTD at £0 based on Net Assets of £-1.1m and 2.79x industry multiple (adjusted for liquidity).
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Wellgate Projects Ltd Overview
Wellgate Projects Ltd is a live company located in london, SW6 3JW with a Companies House number of 11831840. It operates in the other residential care activities n.e.c. sector, SIC Code 87900. Founded in February 2019, it's largest shareholder is wg management limited with a 100% stake. Wellgate Projects Ltd is a young, small sized company, Pomanda has estimated its turnover at £706k with rapid growth in recent years.
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Wellgate Projects Ltd Health Check
Pomanda's financial health check has awarded Wellgate Projects Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £706k, make it smaller than the average company (£1.9m)
- Wellgate Projects Ltd
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 109%, show it is growing at a faster rate (4.9%)
- Wellgate Projects Ltd
4.9% - Industry AVG
Production
with a gross margin of 39.6%, this company has a comparable cost of product (39.6%)
- Wellgate Projects Ltd
39.6% - Industry AVG
Profitability
an operating margin of -144.4% make it less profitable than the average company (9.1%)
- Wellgate Projects Ltd
9.1% - Industry AVG
Employees
with 5 employees, this is below the industry average (49)
5 - Wellgate Projects Ltd
49 - Industry AVG
Pay Structure
on an average salary of £26.3k, the company has an equivalent pay structure (£26.3k)
- Wellgate Projects Ltd
£26.3k - Industry AVG
Efficiency
resulting in sales per employee of £141.2k, this is more efficient (£46.5k)
- Wellgate Projects Ltd
£46.5k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is near the average (21 days)
- Wellgate Projects Ltd
21 days - Industry AVG
Creditor Days
its suppliers are paid after 97 days, this is slower than average (10 days)
- Wellgate Projects Ltd
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Wellgate Projects Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (57 weeks)
0 weeks - Wellgate Projects Ltd
57 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 230.6%, this is a higher level of debt than the average (34.4%)
230.6% - Wellgate Projects Ltd
34.4% - Industry AVG
WELLGATE PROJECTS LTD financials
Wellgate Projects Ltd's latest turnover from October 2023 is estimated at £706 thousand and the company has net assets of -£1.1 million. According to their latest financial statements, Wellgate Projects Ltd has 5 employees and maintains cash reserves of £1 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Feb 2020 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 5 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Feb 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 30,000 | 60,000 | 90,000 | 120,000 |
| Intangible Assets | 45,000 | 54,000 | 63,000 | 72,000 | 81,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 45,000 | 84,000 | 123,000 | 162,000 | 201,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 33,825 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 255,638 | 263,738 | 236,518 | 204,068 |
| Misc Debtors | 728,250 | 720,000 | 720,000 | 270,000 | 270,000 |
| Cash | 1 | 395,363 | 1,067 | 8,681 | 313 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 762,076 | 1,371,001 | 984,805 | 515,199 | 474,381 |
| total assets | 807,076 | 1,455,001 | 1,107,805 | 677,199 | 675,381 |
| Bank overdraft | 22,793 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 113,905 | 1,000 | 1,000 | 0 | 0 |
| Group/Directors Accounts | 602,515 | 406,675 | 6,675 | 4,100 | 4,100 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,121,557 | 1,090,557 | 1,116,007 | 646,584 | 656,373 |
| total current liabilities | 1,860,770 | 1,498,232 | 1,123,682 | 650,684 | 660,473 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,860,770 | 1,498,232 | 1,123,682 | 650,684 | 660,473 |
| net assets | -1,053,694 | -43,231 | -15,877 | 26,515 | 14,908 |
| total shareholders funds | -1,053,694 | -43,231 | -15,877 | 26,515 | 14,908 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Feb 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 |
| Amortisation | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -213,563 | -8,100 | 477,220 | 506,518 | 474,068 |
| Creditors | 112,905 | 0 | 1,000 | 0 | 0 |
| Accruals and Deferred Income | 31,000 | -25,450 | 469,423 | 646,584 | 656,373 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 195,840 | 400,000 | 2,575 | 4,100 | 4,100 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -395,362 | 394,296 | -7,614 | 8,681 | 313 |
| overdraft | 22,793 | 0 | 0 | 0 | 0 |
| change in cash | -418,155 | 394,296 | -7,614 | 8,681 | 313 |
wellgate projects ltd Credit Report and Business Information
Wellgate Projects Ltd Competitor Analysis
Perform a competitor analysis for wellgate projects ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in SW6 area or any other competitors across 12 key performance metrics.
wellgate projects ltd Ownership
WELLGATE PROJECTS LTD group structure
Wellgate Projects Ltd has no subsidiary companies.
Ultimate parent company
2 parents
WELLGATE PROJECTS LTD
11831840
wellgate projects ltd directors
Wellgate Projects Ltd currently has 2 directors. The longest serving directors include Mr Jack Eldridge (Feb 2019) and Mr Simon Hill (Feb 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jack Eldridge | England | 33 years | Feb 2019 | - | Director |
| Mr Simon Hill | England | 58 years | Feb 2019 | - | Director |
P&L
October 2023turnover
706k
+942%
operating profit
-1m
0%
gross margin
39.7%
+2.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
-1.1m
+23.37%
total assets
807.1k
-0.45%
cash
1
-1%
net assets
Total assets minus all liabilities
wellgate projects ltd company details
company number
11831840
Type
Private limited with Share Capital
industry
87900 - Other residential care activities
incorporation date
February 2019
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
ap supported living ltd (November 2022)
accountant
-
auditor
-
address
bedford house fulham green, 69-79 fulham high street, london, SW6 3JW
Bank
-
Legal Advisor
-
wellgate projects ltd Charges & Mortgages
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 wellgate projects ltd.
wellgate projects ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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wellgate projects ltd Companies House Filings - See Documents
| date | description | view/download |
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