Company Overview
Welch Chemists Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 22 May 1996, so this is a well established company. Welch Chemists Limited has been in business for 29 years and 10 months. The accounts status is total exemption full and the accounts are next due on Monday 31 August 2026.
Registered Address

First Floor, 133 Finnieston Street, Glasgow, G3 8HB
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Companies House Data
Company NameWELCH CHEMISTS LIMITED
Company NumberSC165799
Registered Office AddressFirst Floor
 133 Finnieston Street
 G3 8HB
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date22/05/1996
Accounting Reference Date Day30
Accounting Reference Date Month11
Accounts Next Due Date31/08/2026
Accounts Last Made Up Date30/11/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date19/06/2017
Returns Last Made Up Date22/05/2016
Directors & Members
Show Resigned
John Connolly - Director
(British, 48 years old, born March 1978)
Appointed 31 July 2018
 Active
Mohammed Hanif - Director
(British, 48 years old, born November 1978)
Appointed 31 July 2018
 Active
Secretaries
Show Resigned
Other Company Directorships
John Connolly
COMMUNITY PHARMACY SCOTLAND
CPS SERVICES EDINBURGH LTD
DEANS MEDICARE LTD
DEANS PHARMACEUTICALS LTD
PGD HEALTHCARE LTD
SEAFIELD HEALTHCARE LTD
Mohammed Hanif
CD CHEM LIMITED
LFCH PROPERTY LTD
R.W. MCCONNELL & SON (PHARMACY) LIMITED
Balance Sheet Unlock full report
Accounts Date 30-Nov-2024 30-Nov-2022 30-Nov-2021
Balance Sheet
Fixed Assets 117,491 117,491 81,685
Current Assets 2,799,865 2,799,865 2,380,794
Creditors Due Within One Year 544,133 544,133 631,953
Working Cap 2,255,732 2,255,732 1,748,841
Total Assets Less Current Liabilities 2,373,223 2,373,223 1,830,526
Long-term Liabilities 7,001 7,001 9,439
Net Assets 2,366,222 2,366,222 1,821,087
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 2,366,222 2,366,222 1,821,087
Common Size Financial Analysis Unlock full report
Accounts Date 30-Nov-2024 30-Nov-2022 30-Nov-2021
Tangible Fixed Assets - - -
Fixed Assets 4.0% 4.0% 3.3%
Stocks Inventory - - -
Debtors 43.5% 43.5% 49.8%
Cash Bank In Hand 49.0% 49.0% 43.3%
Current Assets 96.0% 96.0% 96.7%
Creditors Due Within One Year 18.7% 18.7% 25.7%
Net Current Assets Liabilities 77.3% 77.3% 71.0%
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 81.1% 81.1% 74.0%
Capital Employed - - -
Total Assets Less Current Liabilities 81.3% 81.3% 74.3%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Nov-2024 30-Nov-2022 30-Nov-2021
Liquidity Ratio 5.1 5.1 3.8
Solvency Ratio 5.3 5.3 3.8
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 30-Nov-2024 30-Nov-2022 30-Nov-2021
Assets 2,917,356 2,917,356 2,462,479
Debt 551,134 551,134 641,392
Net Assets/Debt 2,366,222 2,366,222 1,821,087

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 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 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 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 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 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
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Document Filings
Statement of capital on 1 December 2025
Statement by Directors
Solvency Statement dated 05/11/25
Resolutions
Confirmation statement made on 20 May 2025 with no updates
Confirmation statement made on 22 May 2024 with no updates
Confirmation statement made on 22 May 2023 with no updates
Satisfaction of charge SC1657990004 in full
Confirmation statement made on 22 May 2022 with no updates
Confirmation statement made on 22 May 2021 with no updates
Confirmation statement made on 22 May 2020 with no updates
Current accounting period extended from 31 May 2019 to 30 November 2019
Confirmation statement made on 22 May 2019 with updates
Registered office address changed from 169 West George Street Glasgow G2 2LB to First Floor 133 Finnieston Street Glasgow G3 8HB on 22 August 2018
Registration of charge SC1657990004, created on 31 July 2018
Termination of appointment of Pilar Torro-Moreno as a director on 31 July 2018
Notification of Deans Pharmaceuticals Ltd as a person with significant control on 31 July 2018
Appointment of Mr Mohammed Arif Hanif as a director on 31 July 2018
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