WELDFAST (UK) LIMITED

1. WELDFAST (UK) LIMITED 2007-09-11 → present
2. TR WELDING PRODUCTS LIMITED 2006-01-06 → 2007-09-11

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Hardwickes, Statutory Auditor & Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are satisfied that the forecasts are based on reasonable assumptions for the purpose of the going concern opinion and are of the opinion that the Company is well placed to manage its financial and other business risks satisfactorily, in order to continue to operate for the foreseeable future. The Directors therefore consider it is appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The bank loans and overdrafts were secured by a debenture over all the assets of the company under a charge held by PNC Business Credit a Trading Style of PNC Financial Services UK Ltd until satisfied on 28th November 2023.”
• “On 24th November 2023 the company entered into a new loan agreement with Secure Trust Bank PLC which is secured by a debenture over all the assets of the company, including a cross guarantee given by Newable Weldfast Limited.”
• “As part of the Company's strategy to concentrate resources on higher margin and more profitable income streams, the group has disposed of its Cutting Systems division on 28th February 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -5.4%

  £21,617,267 → £20,459,383

• Cash

  +17.9%

  £210,096 → £247,677

• Net assets

  +0.2%

  £13,919,370 → £13,953,158

• Employees

  +4.3%

  69 → 72

• Operating profit

  -51%

  £2,062,992 → £1,010,629

• Profit before tax

  -97.3%

  £1,754,340 → £46,517

• Wages

  +7.3%

  £2,406,205 → £2,581,062

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers