Company Overview
Workare Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 21 August 2002, so this is a well established company. Workare Limited has been in business for 23 years and 7 months. The accounts status is total exemption full and the accounts are next due on Sunday 31 May 2026.
Registered Address

Waterton Buildings Brocastle Avenue, Waterton Ind Estate, Bridgend, CF31 3US
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Companies House Data
Company NameWORKARE LIMITED
Company Number04516664
Registered Office AddressWaterton Buildings Brocastle Avenue
 Waterton Ind Estate
 CF31 3US
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date21/08/2002
Accounting Reference Date Day31
Accounting Reference Date Month8
Accounts Next Due Date31/05/2026
Accounts Last Made Up Date31/08/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date18/09/2016
Returns Last Made Up Date21/08/2015
Directors & Members
Show Resigned
Nicola Cordell - Director
(British, 59 years old, born June 1967)
Appointed 01 February 2023
 Active
Secretaries
Show Resigned
Other Company Directorships
Nicola Cordell
CORDELL EVOLUTION LIMITED
CORDELL HEALTH LTD
EOPH LIMITED
THE CORDELL PARTNERSHIP LLP
WORKARE HOLDINGS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Aug-2024 31-Aug-2022 31-Aug-2021
Balance Sheet
Fixed Assets 14,939 14,939 18,674
Current Assets 53,049 53,049 47,657
Creditors Due Within One Year 21,626 21,626 13,885
Working Cap 31,423 31,423 33,772
Total Assets Less Current Liabilities 46,362 46,362 52,446
Long-term Liabilities 0 0 0
Net Assets 46,362 46,362 52,446
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 46,362 46,362 52,446
Common Size Financial Analysis Unlock full report
Accounts Date 31-Aug-2024 31-Aug-2022 31-Aug-2021
Tangible Fixed Assets - - -
Fixed Assets 22.0% 22.0% 28.2%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 78.0% 78.0% 71.8%
Creditors Due Within One Year 31.8% 31.8% 20.9%
Net Current Assets Liabilities 46.2% 46.2% 50.9%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 68.2% 68.2% 79.1%
Capital Employed - - -
Total Assets Less Current Liabilities 68.2% 68.2% 79.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Aug-2024 31-Aug-2022 31-Aug-2021
Liquidity Ratio 2.5 2.5 3.4
Solvency Ratio 3.1 3.1 4.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Aug-2024 31-Aug-2022 31-Aug-2021
Assets 67,988 67,988 66,331
Debt 21,626 21,626 13,885
Net Assets/Debt 46,362 46,362 52,446

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

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
Other Business around CF31 3US
TBD (OWEN HOLLAND) LIMITED
WATERTON HOUSE BROCASTLE AVENUE, WATERTON INDUSTRIAL ESTATE, BRIDGEND, MID GLAMORGAN, CF31 3US
ADDIS HOUSEWARES LIMITED
ZONE 3 WATERTON POINT, BROCASTLE AVENUE, WATERTON INDUSTRIAL ESTATE, BRIDGEND, CF31 3US
ADDIS LIMITED
ZONE 3 WATERTON POINT, BROCASTLE AVENUE, WATERTON INDUSTRIAL ESTATE, BRIDGEND, CF31 3US
TBD OWEN HOLLAND HOLDINGS LIMITED
WATERTON HOUSE, BROCASTLE AVENUE, BRIDGEND, CF31 3US
ADDIS COMMERCIAL LIMITED
ZONE 3 WATERTON POINT, BROCASTLE AVENUE, WATERTON INDUSTRIAL ESTATE, BRIDGEND, CF31 3US
JA & MF ENGINEERING LIMITED
ZONE 3 WATERTON POINT, BROCASTLE AVENUE, WATERTON INDUSTRIAL ESTATE, BRIDGEND, CF31 3US
ADDIS HOUSEWARES PENSION SCHEME TRUSTEES LIMITED
ZONE 3 WATERTON POINT, BROCASTLE AVENUE, WATERTON INDUSTRIAL ESTATE, BRIDGEND, CF31 3US
OWEN HOLLAND (ENGINEERING) LIMITED
WATERTON HOUSE BROCASTLE AVENUE, WATERTON INDUSTRIAL ESTATE, BRIDGEND, MID GLAMORGAN, CF31 3US
ADDIS GROUP LIMITED
ZONE 3 WATERTON POINT, BROCASTLE AVENUE, WATERTON INDUSTRIAL ESTATE, BRIDGEND, CF31 3US
ADDIS FRANCE LIMITED
ZONE 3 WATERTON POINT, BROCASTLE AVENUE, WATERTON INDUSTRIAL ESTATE, BRIDGEND, CF31 3US
Document Filings
Termination of appointment of Clare Marie Miller as a director on 1 September 2025
Confirmation statement made on 15 August 2025 with updates
Confirmation statement made on 15 August 2024 with updates
Confirmation statement made on 8 August 2024 with updates
Confirmation statement made on 18 January 2024 with updates
Appointment of Mrs Clare Marie Miller as a director on 1 February 2023
Termination of appointment of Lorainne Janette Jenkins as a director on 1 February 2023
Appointment of Dr Nicola Jane Cordell as a director on 1 February 2023
Cessation of Lorainne Janette Jenkins as a person with significant control on 1 February 2023
Notification of Workare Holdings Limited as a person with significant control on 1 February 2023
Confirmation statement made on 18 January 2023 with no updates
Confirmation statement made on 18 January 2022 with no updates
Confirmation statement made on 21 August 2021 with no updates
Confirmation statement made on 21 August 2020 with no updates
Confirmation statement made on 21 August 2019 with no updates
Confirmation statement made on 21 August 2018 with no updates
Confirmation statement made on 21 August 2017 with no updates
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