Company Overview
Wells Community Network Cic is a Converted / Closed Converted / Closed. The company was incorporated on Tuesday 25 August 2020. Wells Community Network Cic has been in business for 5 years and 7 months. The accounts status is total exemption full and the accounts are next due on Monday 30 September 2024.
Registered Address

40 Churchill Road East, Wells, BA5 3HU
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Companies House Data
Company NameWELLS COMMUNITY NETWORK CIC
Company Number12835027
Registered Office Address40 Churchill Road East
 BA5 3HU
Company CategoryConverted / Closed
Company StatusConverted / Closed
Country of OriginUnited Kingdom
Incorporation Date25/08/2020
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2024
Accounts Last Made Up Date31/12/2023
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date22/09/2021
Directors & Members
Show Resigned
Annalisa Checchi - Director
(British, 47 years old, born June 1979)
Appointed 02 February 2021
 Active
Karen Deverell - Director
(British, 61 years old, born December 1965)
Appointed 14 September 2021
 Active
Emma Lefevre - Director
(English, 57 years old, born June 1969)
Appointed 25 August 2020
 Active
Patricia Leigh - Director
(English, 65 years old, born March 1961)
Appointed 02 February 2021
 Active
Andrew Webb - Director
(British, 58 years old, born May 1968)
Appointed 17 October 2020
 Active
Philip Welch - Director
(British, 78 years old, born March 1948)
Appointed 02 February 2021
 Active
Secretaries
Show Resigned
Other Company Directorships
Annalisa Checchi
HAPPY LANDINGS PET SUPPLIES LIMITED
HAPPY LANDINGS TRADING LTD
PERFECT AURORA LIMITED
Karen Deverell
CHILDREN AND YOUNG PEOPLE'S PARTNERSHIP IN SOMERSET
MENDIP COMMUNITY SUPPORT
YMCA BRUNEL GROUP
Emma Lefevre
PROJECT FACTORY CIC
WELLS FESTIVAL OF LITERATURE LIMITED
Patricia Leigh
No companies found
Andrew Webb
ECORA RESOURCES PLC
FENNY CASTLE PROJECT COMPANY CIC
KENMARE RESOURCES PUBLIC LIMITED COMPANY
MENDIP TOURISM LTD
Philip Welch
ART EXPERIENCE DAYS CIC
COMMUNITY TRANSPORT (SOUTH WEST) LIMITED
HEADS UP SOMERSET LTD.
MENDIP COMMUNITY SUPPORT
PHILIP WELCH PR LIMITED
WELLS IN MOSAIC COMMUNITY INTEREST COMPANY
Balance Sheet Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 0 0 0
Current Assets 11,104 11,104 11,399
Creditors Due Within One Year 1,757 1,757 1,768
Working Cap 9,347 9,347 9,631
Total Assets Less Current Liabilities 9,347 9,347 9,631
Long-term Liabilities 114 114 100
Net Assets 9,233 9,233 9,531
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 9,233 9,233 9,531
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors - - 0.0%
Cash Bank In Hand 100.0% 100.0% 100.0%
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year 15.8% 15.8% 15.5%
Net Current Assets Liabilities 84.2% 84.2% 84.5%
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 83.2% 83.2% 83.6%
Capital Employed - - -
Total Assets Less Current Liabilities 84.2% 84.2% 84.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2022 31-Dec-2021
Liquidity Ratio 6.3 6.3 6.4
Solvency Ratio 5.9 5.9 6.1
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-Dec-2023 31-Dec-2022 31-Dec-2021
Assets 11,104 11,104 11,399
Debt 1,871 1,871 1,868
Net Assets/Debt 9,233 9,233 9,531

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 latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Converted / Closed.

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 latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Converted / Closed.  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 latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Converted / Closed.

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 BA5 3HU
ELITE PROPERTY MAINTENANCE SW LIMITED
12a Churchill Road East, Wells, BA5 3HU
Document Filings
Resolutions
Confirmation statement made on 21 August 2024 with no updates
Confirmation statement made on 24 August 2023 with no updates
Termination of appointment of Claire Margaret Chettoe as a director on 10 January 2023
Termination of appointment of Simon David Patrick Lawder as a director on 10 January 2023
Confirmation statement made on 24 August 2022 with no updates
Termination of appointment of Carol Ann Mohide as a director on 20 August 2022
Termination of appointment of Victoria Elizabeth Payne as a director on 20 June 2022
Registered office address changed from The Walled Garden Chamberlain Street Wells BA5 2PE England to 40 Churchill Road East Wells BA5 3HU on 14 March 2022
Termination of appointment of Christopher Michael Bond as a director on 7 March 2022
Termination of appointment of Sarah Elizabeth Virginia Briton as a director on 14 March 2022
Termination of appointment of Christopher Michael Bond as a secretary on 7 March 2022
Appointment of Ms Carol Ann Mohide as a director on 27 September 2021
Appointment of Ms Karen Patricia Alice Deverell as a director on 14 September 2021
Appointment of Ms Claire Margaret Chettoe as a director on 14 September 2021
Appointment of Ms Victoria Elizabeth Payne as a director on 14 September 2021
Confirmation statement made on 24 August 2021 with no updates
Current accounting period extended from 31 August 2021 to 31 December 2021
Appointment of Ms Patricia Elizabeth Leigh as a director on 2 February 2021
Appointment of Ms Sarah Elizabeth Virginia Briton as a director on 2 February 2021
Appointment of Mr Philip Fairnington Welch as a director on 2 February 2021
Appointment of Ms Annalisa Virginia Checchi as a director on 2 February 2021
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