Company Overview
Welcome Financial Services Limited is a Dissolved Private Limited Company.
Registered Address

15 Canada Square, London, E14 5GL
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Companies House Data
Company NameWELCOME FINANCIAL SERVICES LIMITED
Company Number00133540
Registered Office Address15 Canada Square
 E14 5GL
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date23/01/1914
Accounting Reference Date Day30
Accounting Reference Date Month6
Accounts Next Due Date30/06/2021
Accounts Last Made Up Date30/06/2019
Accounts Account CategoryFULL
Returns Next Due Date21/06/2017
Returns Last Made Up Date24/05/2016
Previous Company NameChanged Date
PROGRESSIVE FINANCIAL SERVICES LIMITED01 Dec 2006
TELEPLAN RENTALS LIMITED23 Dec 2002
Directors & Members
Show Resigned
Jonathan Briggs - Director
(British, 60 years old, born July 1966)
Appointed 05 May 2011
Active
James Drummond Smith - Director
(British, 66 years old, born February 1960)
Appointed 27 April 2009
Active
Robin Johnson - Director
(British, 72 years old, born January 1954)
Appointed 15 March 2012
Active
Secretaries
Show Resigned
Other Company Directorships
Jonathan Briggs
C L FINANCE LIMITED
CASH FLOW SERVICES LIMITED
CATTLES HOLDINGS LIMITED
CATTLES LIMITED
CATTLES PROPERTIES (RUDDINGTON) LIMITED
COMPASS CREDIT LIMITED
ECHO 2014 LIMITED
EWBANKS MAIL ORDER LIMITED
LEWIS DEBT SERVICES LIMITED
LEWIS INVESTIGATION SERVICES LIMITED
LGH DELTA LIMITED
MONEYTOPIA BANK LIMITED
MONEYTOPIA LIMITED
PROGRESSIVE FINANCIAL SERVICES LIMITED
RECORDPOINT LIMITED
SCOTTISH BUREAU OF INVESTIGATION LIMITED
SHOPACHECK FINANCIAL SERVICES LIMITED
STATUSCLAIM LIMITED
SUPREMEACCESS LIMITED
THE LEWIS GROUP LIMITED
U.K. DEBT DEFAULTERS REGISTER LTD.
WELCOME INSURANCE SERVICES LIMITED
WELCOME MORTGAGES LIMITED
WELCOME RETAIL SERVICES LIMITED
WESTERNISSUE LIMITED
James Drummond Smith
ALDERMORE INVOICE FINANCE (OXFORD) LIMITED
ALDERMORE INVOICE FINANCE LIMITED
CASH FLOW SERVICES LIMITED
CATTLES HOLDINGS LIMITED
CATTLES LIMITED
CATTLES PROPERTIES (RUDDINGTON) LIMITED
CATTLES PROVIDENT TRUST LIMITED
COMPASS CREDIT LIMITED
DIAL4ALOAN LIMITED
ECHO 2014 LIMITED
EWBANKS MAIL ORDER LIMITED
MONEYTOPIA BANK LIMITED
MONEYTOPIA LIMITED
PROGRESSIVE FINANCIAL SERVICES LIMITED
PROGRESSIVE INSURANCE BROKERS LIMITED
RECORDPOINT LIMITED
STATUSCLAIM LIMITED
SUPREMEACCESS LIMITED
WELCOME CAR FINANCE LIMITED
WELCOME FINANCE GROUP LIMITED
WELCOME FINANCE LIMITED
WELCOME INSURANCE SERVICES LIMITED
WELCOME MORTGAGES LIMITED
WELCOME RETAIL SERVICES LIMITED
WESTERNISSUE LIMITED
Robin Johnson
ALEXANDER MILLAR KITCHING LIMITED
CATTLES LIMITED
CSP LEEDS LIMITED
DEACON INSURANCE SERVICES (HOLDINGS) LIMITED
DUNLOP HAYWARDS (DHL) LIMITED
ENTENTE CONSULTING LIMITED
ENTENTE GROUP LIMITED
EP2 MANAGEMENT RESOURCES LIMITED
ERINACEOUS COMMERCIAL PROPERTY SERVICES LIMITED
ERINACEOUS COMMERCIAL SERVICES LIMITED
ERINACEOUS CONSULTANCY SERVICES LIMITED
ERINACEOUS MANAGED SERVICES LIMITED
GOS WORLDWIDE LTD
H.L.R. HOLDINGS LIMITED
HARMAN HEALY LIMITED
HAYWARDS PROPERTY SERVICES (KENNEDY HAYWARDS) LIMITED
INTERIOR FURNITURE SERVICES LIMITED
ISGO LIMITED
JOHN NOLAN ASSOCIATES LIMITED
LEA VALLEY BUSINESS CENTRES LIMITED
LEAF CDM LIMITED
LEAF ID LIMITED
LEAF MESH LIMITED
LEAF ONE LIMITED
MAINGUILD LIMITED
MILLAR KITCHING LIMITED
MILLAR KITCHING MANAGEMENT (BLOOMSBURY) LIMITED
MILLAR KITCHING MANAGEMENT (SERVICES) LIMITED
MILLAR KITCHING MANAGEMENT LIMITED
MONAGHANS HOLDINGS LIMITED
PEOPLE RESOURCING LIMITED
SQUARE MILE REAL ESTATE SERVICES LIMITED
THE HANOVER PARK GROUP LIMITED
WELCOME FINANCE GROUP LIMITED
Balance Sheet Unlock full report
Accounts Date 30-Jun-2019 31-Dec-2012 31-Dec-2011
Balance Sheet
Fixed Assets 252,878,000 252,878,000 343,015,000
Current Assets 218,189,000 218,189,000 282,763,000
Creditors Due Within One Year 107,774,000 107,774,000 107,099,000
Working Cap 110,415,000 110,415,000 175,664,000
Total Assets Less Current Liabilities 363,293,000 363,293,000 518,679,000
Long-term Liabilities 242,680,000 242,680,000 226,162,000
Net Assets 120,613,000 120,613,000 292,517,000
Share Capital & Reserves
Share Cap 101,140,000 101,140,000 101,140,000
Profit & Loss Reserves 19,473,000 19,473,000 191,377,000
Other Reserves 0 0 0
Shareholders Funds 120,613,000 120,613,000 292,517,000
Common Size Financial Analysis Unlock full report
Accounts Date 30-Jun-2019 31-Dec-2012 31-Dec-2011
Tangible Fixed Assets - - -
Fixed Assets 53.7% 53.7% 54.8%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 1.0% 1.0% 0.8%
Cash Bank In Hand 8.7% 8.7% 9.0%
Current Assets 46.3% 46.3% 45.2%
Creditors Due Within One Year 22.9% 22.9% 17.1%
Net Current Assets Liabilities 23.4% 23.4% 28.1%
Creditors Due After One Year 46.3% 46.3% 29.4%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 25.6% 25.6% 46.7%
Called Up Share Capital 21.5% 21.5% 16.2%
Share Capital Allotted Called Up Paid 21.5% 21.5% 16.2%
Profit Loss Account Reserve 4.1% 4.1% 30.6%
Shareholder Funds 25.6% 25.6% 46.7%
Capital Employed - - -
Total Assets Less Current Liabilities 77.1% 77.1% 82.9%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Jun-2019 31-Dec-2012 31-Dec-2011
Liquidity Ratio 2.0 2.0 2.6
Solvency Ratio 1.3 1.3 1.9
Reserves to Assets 0.0 0.0 0.3
Secured Creditors Unlock full report
Mortgages Charges 15
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 15
Assets and Debt Analysis Unlock full report
Accounts Date 30-Jun-2019 31-Dec-2012 31-Dec-2011
Assets 471,067,000 471,067,000 625,778,000
Debt 350,454,000 350,454,000 333,261,000
Net Assets/Debt 120,613,000 120,613,000 292,517,000
Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Final Gazette dissolved following liquidation
Return of final meeting in a creditors' voluntary winding up
Liquidators' statement of receipts and payments to 15 December 2020
Satisfaction of charge 001335400015 in full
Appointment of a voluntary liquidator
Termination of appointment of Robert David East as a director on 7 January 2020
Notice of limited disclosure
Statement of affairs
Registered office address changed from , Welcome Finance Mere Way, Ruddington Fields Business Park, Ruddington, Nottingham, NG11 6NZ to 15 Canada Square London E14 5GL on 23 December 2019
Establishment of creditors or liquidation committee
Appointment of a voluntary liquidator
Resolutions
Satisfaction of charge 13 in full
Satisfaction of charge 6 in full
Satisfaction of charge 11 in full
Satisfaction of charge 7 in full
Satisfaction of charge 4 in full
Satisfaction of charge 10 in full
Satisfaction of charge 9 in full
Satisfaction of charge 3 in full
Satisfaction of charge 8 in full
Satisfaction of charge 5 in full
Satisfaction of charge 1 in full
Satisfaction of charge 2 in full

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