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WELLAND POWER LIMITED
UNIT 2 WELLAND BUSINESS PARK, CLAY LAKE, SPALDING, LINCOLNSHIRE, PE12 6BLCompany Number: 07193695
Incorporation date: 17-Mar-2010
Status: Active
Entity type: Private Limited Company
SIC codes:
27110 Manufacture of electric motors, generators and transformers
SUMMARY
This company is 14.1 years old and is currently active. It is controlled by Xeinz Group Limited. The company has positive equity (net assets) of GBP 3.5 million which has increased from GBP 3.1 million in the previous year. The latest reported revenue figure is GBP 15.9 million which is up 10% on previous year's figure of GBP 14.4 million. The company has 1 active officers (directors or partners) who are or were officers of 3 other companies. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 31-Dec-2024Accounts Filed: FULL (31-Mar-2023)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|---|---|---|---|---|---|---|
| 31-Mar-2023 | GBP | 15,879,229 | 612,897 | 71,529 | 75,313 | 174,346 | 348,963 |
| 31-Mar-2022 | GBP | 14,446,782 | 178,803 | 73,202 | 48,512 | -34,868 | 36,182 |
| 31-Mar-2021 | GBP | 15,574,399 | 133,772 | 64,680 | 44,783 | 27,070 | 61,919 |
| 31-Mar-2020 | GBP | 17,295,539 | 238,263 | 63,942 | 25,540 | 28,091 | -14,523 |
| 31-Mar-2019 | GBP | 16,850,702 | 233,068 | 37,109 | 12,245 | 57,656 | 200,276 |
| 31-Mar-2018 | GBP | 22,728,611 | 724,358 | 8,640 | 133,104 | 582,614 | |
| 31-Mar-2017 | GBP | 20,100,726 | 707,662 | 17,048 | 138,093 | 552,521 | |
| 31-Mar-2016 | GBP | 12,911,353 | 350,814 | 37,244 | 62,691 | 250,879 | |
| 31-Mar-2015 | GBP | 194,990 | 8,945 |
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 31-Mar-2023 | GBP | 800,797 | 7,255,481 | 4,065,157 | 344,520 | 1,200,001 | 2,128,690 | 3,471,198 | |
| 31-Mar-2022 | GBP | 941,286 | 8,353,418 | 5,600,827 | 421,080 | 1,200,001 | 1,779,727 | 3,122,235 | |
| 31-Mar-2021 | GBP | 280,574 | 6,841,415 | 3,371,356 | 740,741 | 1,200,001 | 1,743,545 | 3,086,053 | |
| 31-Mar-2020 | GBP | 335,298 | 6,003,978 | 3,345,385 | 1,200,001 | 1,681,626 | 3,024,134 | ||
| 31-Mar-2019 | GBP | 497,268 | 6,248,901 | 3,413,709 | 1,200,001 | 1,750,438 | 3,092,946 | ||
| 31-Mar-2018 | GBP | 452,648 | 4,301,178 | 1,731,043 | 1,200,001 | 1,566,938 | 2,909,446 | ||
| 31-Mar-2017 | GBP | 355,849 | 3,095,165 | 1,357,144 | 800,001 | 1,029,060 | 1,829,061 | ||
| 31-Mar-2016 | GBP | 194,639 | 2,800,943 | 1,529,878 | 800,001 | 502,443 | 1,302,444 | ||
| 31-Mar-2015 | GBP | 406,297 | 2,370,042 | 2,123,103 | 1 | 294,255 | 294,256 | ||
| 31-Mar-2014 | GBP | 18,327 | 1,301,057 | 1,104,529 | 1 | 228,565 | 228,566 | ||
| 31-Mar-2013 | GBP | 82,915 | 1,323,000 | 1,150,235 | 1 | 203,184 | 203,185 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 31-Mar-2018 | GBP | 33.33% | 400,000 | 800,001 | 1,200,001 | 595,753 |
| 31-Mar-2016 | GBP | 100.00% | 800,000 | 1 | 800,001 | 99,533 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
|---|---|---|---|---|---|---|
| Active | Emma June CORRIGAN | 09 Feb 2022 | 18 Apr 2024 | 1 - 0 |
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Active | Charles Lloyd FARROW | 17 Mar 2010 | Marketing | British | 4 - 1 | 0 (0.0%) | |
| Resigned | Edward John Russell FARROW | 17 Mar 2010 | 09 Feb 2022 | Engineer | British | 0 - 3 | 0 (0.0%) |
Average tenure of active directors: 14.1 years
Average tenure of resigned directors: 11.9 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
|
Name
|
||
|---|---|---|
| XEINZ GROUP LIMITED (00479009) - Active | ✔ | |
| CONTROLLIS LIMITED (06690275) - Active | ✔ | |
| REGENCY POWER GENERATION LIMITED (07193644) - Active | ✔ | |
| WELLAND POWER LIMITED (07193695) - Active | ✔ |
SHAREHOLDERS (BETA)
| Shareholder name | Share class | Shares at confirmation date | ||||
|---|---|---|---|---|---|---|
| 2018-11-18 | 2016-03-17 | 2015-03-17 | 2014-03-17 | 2013-03-17 | ||
| WELLAND ENGINEERING COMPANY LIMITED | ORDINARY | 1,200,001 100% | 800,001 100% | 1 100% | 1 100% | 1 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
WELLAND POWER LIMITED
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
27110 Manufacture of electric motors, generators and transformers)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
| CUMMINS GENERATOR TECHNOLOGIES LIMITED | FOUNTAIN COURT, LYNCH WOOD, PETERBOROUGH, ENGLAND, PE2 6FZ | 00441273 | 2017-12-31 | 699,136,000 | 98,939,000 | |
| BRUSH ELECTRICAL MACHINES LIMITED | POWER HOUSE, EXCELSIOR ROAD, ASHBY-DE-LA-ZOUCH, ENGLAND, LE65 1BU | 00111849 | 2017-12-31 | 57,877,000 | -138,669,000 | |
| WELLAND POWER LIMITED | UNIT 2 WELLAND BUSINESS PARK, CLAY LAKE, SPALDING, LINCOLNSHIRE, PE12 6BL | 07193695 | 2018-03-31 | 22,728,611 | 0 | |
| IST POWER LIMITED | 64-66 PERCY ROAD, LEICESTER, LEICESTERSHIRE, LE2 8FN | 02614179 | 2017-09-30 | 9,673,547 | 0 | |
| FI. TECHNOLOGY LIMITED | 7 LEYDEN ROAD, STEVENAGE, ENGLAND, SG1 2BW | 03111127 | 2018-12-31 | 314,085 | 0 | |
| V3 POWER LIMITED | TROEDYRHIW, ABERCYCH, ABERCYCH, PEMBROKESHIRE, WALES, SA37 0EY | 07053663 | 2019-05-04 | 29,624 | 0 |
33190-Repair of other equipment 85590-Other education not elsewhere classified |
| GREENDODOS LTD | 78 EPSOM AVENUE, SALE, CHESHIRE, M33 4QX | 09098774 | 2018-06-30 | 1,649 | 0 | |
| ADVANCED INDUSTRIAL REWINDS LIMITED | C12 MARQUIS COURT MARQUISWAY, TEAM VALLEY TRADING ESTATE, GATESHEAD, NE11 0RU | 04747414 | 2019-02-28 | 0 | 0 | |
| ELECTRONICA PRODUCTS LIMITED | UNIT 5 HERALD COURT, SIR WILLIAM LYONS ROAD, COVENTRY, ENGLAND, CV4 7EZ | 03681737 | 2018-09-30 | 0 | 0 |
27900-Manufacture of other electrical equipment |
| MOTOR CONTROLS LTD | T01 THE ATKINS BUILDING, LOWER BOND STREET, HINCKLEY, ENGLAND, LE10 1QU | 07426605 | 2018-07-31 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
| Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
|---|---|---|---|---|
| WELLAND POWER LIMITED | 0.7% | 3.6% | 7.1% | Medium |
| Other companies Active in the same sector | Too few competitors | |||
| Age | 0.4% | 1.7% | 3.3% | Medium |
| Company Type | 0.7% | 3.7% | 7.4% | Medium |
| Accounts category | 0.7% | 2.2% | 3.8% | Medium |
| Accounting Month | 0.5% | 1.8% | 3.9% | Medium |
| Sic code count | 0.7% | 3.5% | 7.0% | Medium |
