well-sense technology limited
well-sense technology limited Company Information
Company Number
SC502698
Next Accounts
Sep 2025
Shareholders
frontrow energy technology group limited
daniel george purkis
View AllGroup Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
2 marischal square, broad street, aberdeen, AB10 1DQ
Website
www.well-sense.co.ukwell-sense technology limited Estimated Valuation
Pomanda estimates the enterprise value of WELL-SENSE TECHNOLOGY LIMITED at £3.6m based on a Turnover of £3.9m and 0.92x industry multiple (adjusted for size and gross margin).
well-sense technology limited Estimated Valuation
Pomanda estimates the enterprise value of WELL-SENSE TECHNOLOGY LIMITED at £0 based on an EBITDA of £-28.9k and a 6.72x industry multiple (adjusted for size and gross margin).
well-sense technology limited Estimated Valuation
Pomanda estimates the enterprise value of WELL-SENSE TECHNOLOGY LIMITED at £0 based on Net Assets of £-2.6m and 2.13x industry multiple (adjusted for liquidity).
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Well-sense Technology Limited Overview
Well-sense Technology Limited is a live company located in aberdeen, AB10 1DQ with a Companies House number of SC502698. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 2015, it's largest shareholder is frontrow energy technology group limited with a 60.8% stake. Well-sense Technology Limited is a established, small sized company, Pomanda has estimated its turnover at £3.9m with rapid growth in recent years.
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Well-sense Technology Limited Health Check
Pomanda's financial health check has awarded Well-Sense Technology Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £3.9m, make it in line with the average company (£4.8m)
£3.9m - Well-sense Technology Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 84%, show it is growing at a faster rate (6.7%)
84% - Well-sense Technology Limited
6.7% - Industry AVG
Production
with a gross margin of 79.8%, this company has a lower cost of product (38.2%)
79.8% - Well-sense Technology Limited
38.2% - Industry AVG
Profitability
an operating margin of -5.9% make it less profitable than the average company (5.7%)
-5.9% - Well-sense Technology Limited
5.7% - Industry AVG
Employees
with 20 employees, this is below the industry average (27)
20 - Well-sense Technology Limited
27 - Industry AVG
Pay Structure
on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)
- Well-sense Technology Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £195.6k, this is equally as efficient (£171.2k)
£195.6k - Well-sense Technology Limited
£171.2k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is earlier than average (42 days)
30 days - Well-sense Technology Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 92 days, this is slower than average (32 days)
92 days - Well-sense Technology Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 373 days, this is more than average (33 days)
373 days - Well-sense Technology Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 93 weeks, this is more cash available to meet short term requirements (22 weeks)
93 weeks - Well-sense Technology Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 191.8%, this is a higher level of debt than the average (62.6%)
191.8% - Well-sense Technology Limited
62.6% - Industry AVG
WELL-SENSE TECHNOLOGY LIMITED financials
Well-Sense Technology Limited's latest turnover from December 2023 is £3.9 million and the company has net assets of -£2.6 million. According to their latest financial statements, Well-Sense Technology Limited has 20 employees and maintains cash reserves of £714.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,912,081 | 4,525,272 | 1,322,893 | 632,207 | 877,656 | 208,789 | 23,410 | 147,250 | 122,184 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | 792,047 | 732,691 | 344,486 | 147,197 | 409,183 | 74,265 | 28,440 | 143,304 | 92,162 |
| Gross Profit | 3,120,034 | 3,792,581 | 978,407 | 485,010 | 468,473 | 134,524 | -5,030 | 3,946 | 30,022 |
| Admin Expenses | 3,348,705 | 2,351,522 | 1,433,063 | 1,349,222 | 1,447,347 | 1,113,148 | 364,174 | 378,778 | 332,781 |
| Operating Profit | -228,671 | 1,441,059 | -454,656 | -864,212 | -978,874 | -978,624 | -369,204 | -374,832 | -302,759 |
| Interest Payable | 2,125 | 1,610 | 6,599 | 1,054 | 7 | ||||
| Interest Receivable | 83 | 7 | 2,872 | ||||||
| Pre-Tax Profit | -230,713 | 1,439,449 | -454,656 | -870,804 | -977,056 | -978,624 | -369,211 | -374,832 | -302,759 |
| Tax | -85,362 | -19,470 | -14,613 | 89,925 | 282,492 | 36 | 61,554 | ||
| Profit After Tax | -316,075 | 1,419,979 | -469,269 | -780,879 | -694,564 | -978,588 | -369,211 | -313,278 | -302,759 |
| Dividends Paid | |||||||||
| Retained Profit | -316,075 | 1,419,979 | -469,269 | -780,879 | -694,564 | -978,588 | -369,211 | -313,278 | -302,759 |
| Employee Costs | 267,881 | 232,426 | |||||||
| Number Of Employees | 20 | 13 | 12 | 8 | 7 | 7 | 3 | 5 | 5 |
| EBITDA* | -28,933 | 1,600,464 | -354,075 | -762,308 | -921,747 | -964,722 | -366,064 | -371,097 | -301,922 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 531,255 | 466,054 | 331,090 | 293,364 | 370,333 | 88,286 | 8,060 | 3,564 | 5,649 |
| Intangible Assets | 7,800 | 4,485 | 10,945 | 18,265 | 4,908 | 1,944 | 3,072 | 4,722 | |
| Investments & Other | 1 | 1 | |||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 539,055 | 466,054 | 335,575 | 304,309 | 388,598 | 93,194 | 10,004 | 6,637 | 10,372 |
| Stock & work in progress | 809,783 | 623,649 | 322,595 | 173,870 | 135,604 | 82,314 | 18,926 | ||
| Trade Debtors | 325,195 | 1,944,794 | 564,908 | 102,155 | 232,767 | 66,491 | 13,783 | 34,800 | |
| Group Debtors | 36 | 121,134 | 34 | 4,147 | |||||
| Misc Debtors | 471,791 | 235,292 | 239,495 | 195,579 | 513,316 | 237,341 | 128,860 | 64,183 | 45,791 |
| Cash | 714,080 | 736,103 | 398,630 | 745,159 | 307,566 | 1,028,675 | 127,121 | 463,406 | 286,639 |
| misc current assets | |||||||||
| total current assets | 2,320,885 | 3,660,972 | 1,525,662 | 1,220,910 | 1,189,253 | 1,414,821 | 288,690 | 527,589 | 367,230 |
| total assets | 2,859,940 | 4,127,026 | 1,861,237 | 1,525,219 | 1,577,851 | 1,508,015 | 298,694 | 534,226 | 377,602 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 199,654 | 249,015 | 49,453 | 69,211 | 95,302 | 42,750 | 47,091 | 6,003 | 6,092 |
| Group/Directors Accounts | 22,103 | 113,870 | 32,247 | 21,239 | 28,540 | 26,112 | 53,385 | ||
| other short term finances | |||||||||
| hp & lease commitments | 124,484 | ||||||||
| other current liabilities | 175,471 | 817,407 | 291,487 | 50,196 | 90,334 | 29,101 | 20,311 | 18,147 | 20,883 |
| total current liabilities | 397,228 | 1,180,292 | 373,187 | 140,646 | 310,120 | 71,851 | 95,942 | 50,262 | 80,360 |
| loans | 5,087,965 | 5,187,965 | 5,187,315 | 4,635,266 | 3,761,690 | 3,240,719 | 1,057,570 | 980,000 | 480,000 |
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | 66,337 | ||||||||
| total long term liabilities | 5,087,965 | 5,254,302 | 5,187,315 | 4,635,266 | 3,761,690 | 3,240,719 | 1,057,570 | 980,000 | 480,000 |
| total liabilities | 5,485,193 | 6,434,594 | 5,560,502 | 4,775,912 | 4,071,810 | 3,312,570 | 1,153,512 | 1,030,262 | 560,360 |
| net assets | -2,625,253 | -2,307,568 | -3,699,265 | -3,250,693 | -2,493,959 | -1,804,555 | -854,818 | -496,036 | -182,758 |
| total shareholders funds | -2,625,253 | -2,307,568 | -3,699,265 | -3,250,693 | -2,493,959 | -1,804,555 | -854,818 | -496,036 | -182,758 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -228,671 | 1,441,059 | -454,656 | -864,212 | -978,874 | -978,624 | -369,204 | -374,832 | -302,759 |
| Depreciation | 199,738 | 159,405 | 94,121 | 94,315 | 53,754 | 2,786 | 2,012 | 2,085 | 559 |
| Amortisation | 6,460 | 7,589 | 3,373 | 11,116 | 1,128 | 1,650 | 278 | ||
| Tax | -85,362 | -19,470 | -14,613 | 89,925 | 282,492 | 36 | 61,554 | ||
| Stock | 186,134 | 301,054 | 148,725 | 38,266 | 53,290 | 63,388 | 18,926 | ||
| Debtors | -1,504,198 | 1,496,783 | 502,556 | -444,202 | 442,251 | 161,189 | 62,052 | -16,408 | 80,591 |
| Creditors | -49,361 | 199,562 | -19,758 | -26,091 | 52,552 | -4,341 | 40,999 | -89 | 6,092 |
| Accruals and Deferred Income | -641,936 | 525,920 | 241,291 | -40,138 | 61,233 | 8,790 | -572 | -2,736 | 20,883 |
| Deferred Taxes & Provisions | -66,337 | 66,337 | |||||||
| Cash flow from operations | 446,135 | 574,976 | -798,436 | -332,676 | -1,021,011 | -1,184,814 | -406,615 | -295,960 | -355,538 |
| Investing Activities | |||||||||
| capital expenditure | -11,208 | ||||||||
| Change in Investments | -1 | 1 | |||||||
| cash flow from investments | -11,209 | ||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -91,767 | 81,623 | 11,008 | 21,239 | -28,540 | -24,845 | -27,273 | 53,385 | |
| Other Short Term Loans | |||||||||
| Long term loans | -100,000 | 650 | 552,049 | 873,576 | 520,971 | 2,183,149 | 577,570 | 500,000 | 480,000 |
| Hire Purchase and Lease Commitments | -124,484 | 124,484 | |||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | -2,042 | -1,610 | -6,592 | 1,818 | -7 | ||||
| cash flow from financing | -195,419 | 52,381 | 583,754 | 787,884 | 652,433 | 2,183,460 | 249,869 | 472,727 | 653,386 |
| cash and cash equivalents | |||||||||
| cash | -22,023 | 337,473 | -346,529 | 437,593 | -721,109 | 901,554 | -159,518 | 176,767 | 286,639 |
| overdraft | |||||||||
| change in cash | -22,023 | 337,473 | -346,529 | 437,593 | -721,109 | 901,554 | -159,518 | 176,767 | 286,639 |
well-sense technology limited Credit Report and Business Information
Well-sense Technology Limited Competitor Analysis
Perform a competitor analysis for well-sense technology limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in AB10 area or any other competitors across 12 key performance metrics.
well-sense technology limited Ownership
WELL-SENSE TECHNOLOGY LIMITED group structure
Well-Sense Technology Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
WELL-SENSE TECHNOLOGY LIMITED
SC502698
2 subsidiaries
well-sense technology limited directors
Well-Sense Technology Limited currently has 6 directors. The longest serving directors include Mr Colin Smith (Apr 2015) and Mr Daniel Purkis (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Smith | United Kingdom | 69 years | Apr 2015 | - | Director |
| Mr Daniel Purkis | Scotland | 57 years | Apr 2015 | - | Director |
| Mr Stuart Ferguson | Scotland | 58 years | Jun 2015 | - | Director |
| Mr Neil McGuinness | 57 years | Aug 2015 | - | Director | |
| Mr Michael Hill | England | 56 years | Jul 2018 | - | Director |
| Mrs Annabel Green | Scotland | 52 years | Feb 2021 | - | Director |
P&L
December 2023turnover
3.9m
-14%
operating profit
-228.7k
-116%
gross margin
79.8%
-4.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2.6m
+0.14%
total assets
2.9m
-0.31%
cash
714.1k
-0.03%
net assets
Total assets minus all liabilities
well-sense technology limited company details
company number
SC502698
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
April 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
JOHNSTON CARMICHAEL LLP
address
2 marischal square, broad street, aberdeen, AB10 1DQ
Bank
ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
well-sense technology limited 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 well-sense technology limited.
well-sense technology limited 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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well-sense technology limited Companies House Filings - See Documents
| date | description | view/download |
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