Company Overview
Wesc Foundation is listed at the official companies registry as Active Private Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption. The company was incorporated on Thursday 18 June 2009, so this is a well established company. Wesc Foundation has been in business for 14 years and 10 months. The accounts status is group and the accounts are next due on Friday 31 May 2024.
Registered Address

Wesc Foundation Topsham Road, Countess Wear, Exeter, Devon, EX2 6HA
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Companies House Data
Company NameWESC FOUNDATION
Company Number06938379
Registered Office AddressWesc Foundation Topsham Road
 Countess Wear
 EX2 6HA
Company CategoryPrivate Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date18/06/2009
Accounting Reference Date Day31
Accounting Reference Date Month8
Accounts Next Due Date31/05/2024
Accounts Last Made Up Date31/08/2022
Accounts Account CategoryGROUP
Returns Next Due Date16/07/2017
Returns Last Made Up Date18/06/2016
Previous Company NameChanged Date
WESC FOUNDATION05 Aug 2021
THE WEST OF ENGLAND SCHOOL AND COLLEGE12 Oct 2012
Directors & Members
Show Resigned
Andrew Daniel - Director
(British, 54 years old, born June 1970)
School Leader And Teacher - Appointed 15 July 2021
 Active
Ian Donohue - Director
(British, 42 years old, born April 1982)
Digital Accessibility Analyst - Appointed 04 May 2023
 Active
Derek Fargher - Director
(British, 72 years old, born June 1952)
Interim Accountant - Appointed 08 December 2015
 Active
Susan Holt - Director
(British, 73 years old, born December 1951)
Retired - Appointed 18 October 2023
 Active
Pamela Marsden - Director
(British, 73 years old, born February 1951)
Retired - Appointed 10 February 2022
 Active
Angus McNicol - Director
(British, 69 years old, born July 1955)
Charity Consultant - Appointed 01 May 2016
 Active
Secretaries
Show Resigned
Jane Nutt - Secretary
Appointed 15 October 2019
 Active
Other Company Directorships
Andrew Daniel
No companies found
Ian Donohue
No companies found
Derek Fargher
No companies found
Susan Holt
No companies found
Pamela Marsden
PAMELA MARSDEN ASSOCIATES LIMITED
Angus McNicol
DEVON AND SOMERSET LAW SOCIETY
FOOT ANSTEY LLP
THE ESTUARY LEAGUE OF FRIENDS
Balance Sheet Unlock full report
Accounts Date 31-Aug-2022 31-Aug-2015 31-Aug-2014
Balance Sheet
Fixed Assets 9,290,966 9,290,966 9,124,987
Current Assets 1,183,198 1,183,198 1,125,001
Creditors Due Within One Year 953,183 953,183 1,145,846
Working Cap 230,015 230,015 -20,845
Total Assets Less Current Liabilities 9,520,981 9,520,981 9,104,142
Long-term Liabilities 0 0 0
Net Assets 9,520,981 9,520,981 9,104,142
Share Capital & Reserves
Share Cap 0 0 0
Profit & Loss Reserves 7,923,289 7,923,289 7,528,330
Other Reserves 1,597,692 1,597,692 1,575,812
Shareholders Funds 9,520,981 9,520,981 9,104,142
Common Size Financial Analysis Unlock full report
Accounts Date 31-Aug-2022 31-Aug-2015 31-Aug-2014
Tangible Fixed Assets - - -
Fixed Assets 88.7% 88.7% 89.0%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 6.3% 6.3% 1.0%
Cash Bank In Hand 1.1% 1.1% 1.4%
Current Assets 11.3% 11.3% 11.0%
Creditors Due Within One Year 9.1% 9.1% 11.2%
Net Current Assets Liabilities 2.2% 2.2% -0.2%
Creditors Due After One Year 0.0% 0.0% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 90.9% 90.9% 88.8%
Called Up Share Capital 0.0% 0.0% 0.0%
Share Capital Allotted Called Up Paid 0.0% 0.0% 0.0%
Profit Loss Account Reserve 75.6% 75.6% 73.4%
Shareholder Funds 90.9% 90.9% 88.8%
Capital Employed - - -
Total Assets Less Current Liabilities 90.9% 90.9% 88.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Aug-2022 31-Aug-2015 31-Aug-2014
Liquidity Ratio 1.2 1.2 1.0
Solvency Ratio 11.0 11.0 8.9
Reserves to Assets 0.8 0.8 0.7
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-2022 31-Aug-2015 31-Aug-2014
Assets 10,474,164 10,474,164 10,249,988
Debt 953,183 953,183 1,145,846
Net Assets/Debt 9,520,981 9,520,981 9,104,142

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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. 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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. 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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. 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 EX2 6HA
WESC ENTERPRISES LIMITED
Wesc Enterprises Limited Topsham Road, Countess Wear, Exeter, Devon, EX2 6HA
Document Filings
Termination of appointment of Bradley Horn as a director on 19 February 2024
Appointment of Ms Susan Elizabeth Holt as a director on 18 October 2023
Termination of appointment of Briony Jane Dillon as a director on 18 October 2023
Termination of appointment of Alex Clark as a director on 1 October 2023
Confirmation statement made on 14 June 2023 with no updates
Appointment of Mr Ian James Donohue as a director on 4 May 2023
Termination of appointment of Carol Edworthy as a director on 21 September 2022
Termination of appointment of Timothy David Williams as a director on 14 July 2022
Confirmation statement made on 14 June 2022 with no updates
Statement of Company's objects
Memorandum and Articles of Association
Resolutions
Appointment of Mr Alex Clark as a director on 31 March 2022
Termination of appointment of Tracie Coultas-Pitman as a director on 1 March 2022
Appointment of Ms Pamela Marie Marsden as a director on 10 February 2022
Director's details changed for Mr Timothy David Williams on 8 February 2022
Termination of appointment of Christopher David Knee as a director on 9 December 2021
Director's details changed for Dr Andrew Daniel on 19 November 2021
Director's details changed for Ms Tracie Linehan on 12 June 2021
Appointment of Mr Bradley Horn as a director on 15 July 2021
Registered office address changed from Wesc Foundation Topsham Road Countess Wear Exeter Devon EX2 6HA to Infocus Charity Topsham Road Exeter Devon EX2 6HA on 13 August 2021
Appointment of Dr Andrew Daniel as a director on 15 July 2021
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