UK Companies House feature
WELCH'S TRANSPORT LIMITED
Cash
£876K
-4.4% vs 2023
Net assets
£3M
+5% vs 2023
Employees
144
+2.1% vs 2023
Profit before tax
£192K
-44.9% vs 2023
Profile
- Company number
- 00343359
- Status
- Active
- Incorporation
- 1938-08-12
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 49410
Net assets
10-year trend · vs UK Logistics & Mobility median
Accounts
10-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £14,127,766 | — | £12,464,320 | — | £14,006,652 | — | £15,256,468 | — | £14,844,892 | £15,010,406 | |
| Operating profit | -£76,459 | — | £153,732 | — | £678,985 | — | £719,585 | — | £341,525 | £175,405 | |
| Profit before tax | -£75,635 | — | £158,600 | — | £695,351 | — | £719,585 | — | £348,083 | £191,949 | |
| Net profit | -£98,221 | — | £169,931 | — | £679,368 | — | £634,362 | — | £272,478 | £145,872 | |
| Cash | £495,170 | — | £1,265,984 | — | £1,007,329 | — | £1,164,855 | — | £916,186 | £875,778 | |
| Total assets less current liabilities | £2,478,535 | — | £2,637,135 | — | £2,832,486 | — | £2,968,493 | — | £3,064,422 | £3,259,849 | |
| Net assets | £2,428,378 | — | £2,598,309 | — | £2,777,677 | — | £2,912,039 | — | £2,934,517 | £3,080,389 | |
| Equity | £2,428,378 | £2,428,378 | £2,598,309 | £2,598,309 | £2,777,677 | £2,777,677 | £2,912,039 | £2,912,039 | £2,934,517 | £3,080,389 | |
| Average employees | 144 | — | 136 | — | 142 | — | 146 | — | 141 | 144 | |
| Wages | £4,272,983 | — | £3,950,731 | — | £4,491,481 | — | £4,977,630 | — | £5,229,226 | £5,598,571 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Peters Elworthy & Moore
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Subsidiaries
- JPS Installs Limited · 65% held · United Kingdom · Distribution and installation of office furniture
Significant events
- “A restructuring of the sales and business development function mid-year, along with the deployment of additional resource did yield positive results towards the end of the year with several business wins from both new and existing customers, which will bring additional volumes during the year ending 31 December 2025. As at 31 December 2024, the Company's sales pipeline is strong.”
- “After deploying its first fully electric 19 tonne LGV in the year ended 31 December 2023, the Company deployed its first maximum weight artic during the year with a second due deployed in quarter one 2025. As part of the Company's journey to net Zero, six bay hyper chargers with 1 Mw dedicated supplies were ordered for both Bedford and Duxford depots, which will future proof both depots albeit at a seven-figure cost. Both are expected to be operational by mid-2025. This was as part of one the Department of Transports 'Zero Emission' projects, which means an element of grant funding was obtained.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WELCH, James Neville | Secretary | — | — | British |
| WELCH, Christopher Neville | Director | 2017-06-04 | Jun 1985 | English |
| WELCH, David Robert | Director | 2024-04-06 | Sep 1994 | British |
| WELCH, James Neville | Director | — | Apr 1959 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WELCH, Anthony Gordon | Director | — | 2020-06-26 |
| WELCH, Gordon Nevil | Director | — | 2004-04-17 |
| WELCH, Roger Neville | Director | — | 2008-04-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Welch's Group Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-10-28 | Active |
| Mr Antony Gordon Welch | Individual | ownership-of-shares-25-to-50-percent-as-firm, voting-rights-25-to-50-percent-as-firm | 2018-04-06 | Ceased 2025-10-28 |
| Mr Roger Neville Welch | Individual | ownership-of-shares-25-to-50-percent-as-firm, voting-rights-25-to-50-percent-as-firm | 2018-04-06 | Ceased 2024-11-06 |
| Mr James Neville Welch | Individual | Shares 25–50%, voting-rights-25-to-50-percent-as-firm | 2017-01-01 | Ceased 2025-10-28 |
Filing timeline
Last 20 of 117 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-24 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-10-31 | RP01AP01 | officers | replacement filing of director appointment with name |
| 2025-10-28 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2025-10-28 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2025-10-28 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2025-08-05 | AA | accounts | accounts with accounts type full |
| 2025-04-07 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-11-07 | CH01 | officers | change person director company with change date |
| 2024-11-06 | CH01 | officers | change person director company with change date |
| 2024-11-06 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-10-17 | CH03 | officers | change person secretary company with change date |
| 2024-08-06 | AA | accounts | accounts with accounts type full |
| 2024-04-15 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-04-06 | AP01 | officers | appoint person director company with name date |
| 2023-09-19 | AA | accounts | accounts with accounts type full |
| 2023-04-06 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-04-26 | AA | accounts | accounts with accounts type full |
| 2022-04-20 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-05-05 | MR04 | mortgage | mortgage satisfy charge full |
| 2021-04-13 | AA | accounts | accounts with accounts type full |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
4.04
SAFE
Altman Z″
- Working capital / Total assets 0.339 × 6.56 = +2.22
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.034 × 6.72 = +0.23
- Book equity / Total liabilities 1.507 × 1.05 = +1.58
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory