Company Overview
Wec Group Holdings Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 23 April 2018, so this is a well established company. Wec Group Holdings Ltd has been in business for 7 years and 11 months. The accounts status is group and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Britannia House, Junction Street, Darwen, Lancashire, BB3 2RB
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Companies House Data
Company NameWEC GROUP HOLDINGS LTD
Company Number11324003
Registered Office AddressBritannia House
 Junction Street
 BB3 2RB
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date23/04/2018
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryGROUP
Returns Next Due Date21/05/2019
Previous Company NameChanged Date
VIVOID LTD27 Nov 2018
Directors & Members
Show Resigned
Richard Colburn - Director
(American, 83 years old, born January 1943)
Appointed 01 May 2018
 Active
James Hartley - Director
(British, 71 years old, born October 1955)
Appointed 23 May 2018
 Active
Shaun Hussey - Director
(British, 64 years old, born September 1962)
Appointed 01 May 2018
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Richard Colburn
AALCO METALS LIMITED
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James Hartley
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SUBMARINE MANUFACTURING AND PRODUCTS LIMITED
TIDYMATIC HOLDINGS LIMITED
TIDYMATIC INTERNATIONAL LIMITED
WEC GROUP LIMITED
WEC MACHINING LTD
WEC RAIL LTD
WECJET LTD
WELDING ENGINEERING LIMITED
Shaun Hussey
BURNHART HOLDINGS LIMITED
WEC GROUP LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 63,170,984 63,170,984 63,170,984
Current Assets 4,937,675 4,937,675 4,650,000
Creditors Due Within One Year 8,760,000 8,760,000 8,472,325
Working Cap -3,822,325 -3,822,325 -3,822,325
Total Assets Less Current Liabilities 59,348,659 59,348,659 59,348,659
Long-term Liabilities 0 0 48,171,999
Net Assets 59,348,659 59,348,659 11,176,660
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 59,348,659 59,348,659 11,176,660
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 92.8% 92.8% 93.1%
Stocks Inventory - - -
Debtors 7.2% 7.2% 6.9%
Cash Bank In Hand - - -
Current Assets 7.2% 7.2% 6.9%
Creditors Due Within One Year 12.9% 12.9% 12.5%
Net Current Assets Liabilities -5.6% -5.6% -5.6%
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 87.1% 87.1% 16.5%
Capital Employed - - -
Total Assets Less Current Liabilities 87.1% 87.1% 87.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 0.6 0.6 0.5
Solvency Ratio 7.8 7.8 1.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 3
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 68,108,659 68,108,659 67,820,984
Debt 8,760,000 8,760,000 56,644,324
Net Assets/Debt 59,348,659 59,348,659 11,176,660

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.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. 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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. 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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. 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 BB3 2RB
WECJET LTD
BRITANNIA HOUSE, JUNCTION STREET, DARWEN, LANCASHIRE, BB3 2RB
WEC MACHINING LTD
BRITANNIA HOUSE, JUNCTION STREET, DARWEN, LANCASHIRE, BB3 2RB
5750 COMPONENTS LIMITED
BRITANNIA HOUSE, JUNCTION STREET, DARWEN, LANCASHIRE, BB3 2RB
WEC GROUP LIMITED
BRITANNIA HOUSE, JUNCTION STREET, DARWEN, LANCASHIRE, BB3 2RB
MTL ADVANCED LTD
BRITANNIA HOUSE, JUNCTION STREET, DARWEN, LANCASHIRE, BB3 2RB
WEC RAIL LTD
Britannia House, Junction Street, Darwen, Lancashire, BB3 2RB
HTA LTD
Britannia House, Junction Street, Darwen, Lancashire, BB3 2RB
BURNHART HOLDINGS LIMITED
Ribble Court 1 Mead Way, Padiham, Burnley, Lancashire, BB3 2RB
QUINN MANUFACTURING LTD
The Town Hall 83 Burnley Road, Padiham, Burnley, Lancashire, BB3 2RB
5 AXIS LASER LTD
Britannia House, Junction Street, Darwen, Lancashire, BB3 2RB
Document Filings
Confirmation statement made on 22 April 2025 with no updates
Satisfaction of charge 113240030002 in full
Satisfaction of charge 113240030003 in full
Satisfaction of charge 113240030001 in full
Registration of charge 113240030003, created on 30 April 2024
Confirmation statement made on 22 April 2024 with no updates
Statement by Directors
Solvency Statement dated 13/12/23
Resolutions
Registration of charge 113240030002, created on 16 June 2023
Confirmation statement made on 22 April 2023 with no updates
Confirmation statement made on 22 April 2022 with no updates
Confirmation statement made on 22 April 2021 with no updates
Termination of appointment of Wayne Anthony Wild as a director on 23 December 2020
Confirmation statement made on 22 April 2020 with updates
Consolidation of shares on 4 December 2019
Resolutions
Change of share class name or designation
Registration of charge 113240030001, created on 19 November 2019
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