Welfaux Limited

Welfaux Ltd from Wokingham UK: a small, active company founded 39 years ago in 1986, employs 19 people and holds £528,479 in assets. It’s a real address with four directors and one owner. The company irregularly imports and exports machinery, boilers, and mechanical appliances; parts, with just one month of activity recorded in each direction.

The company operates in the wholesale of machinery and equipment and also offers repair and maintenance services. Its website is non-existent, so it’s difficult to tell if it’s an e-commerce business, but it seems to be primarily a B2B operation.

Financially, Welfaux Ltd shows some concerning trends. While bank borrowings have increased significantly—by 160%—to £490,000, cash reserves have fallen dramatically—by 11000%—to just £12,000. Current assets have also decreased by 11%, to £530,000. Debtors have fallen by 22%, which could be a positive sign of improved collections, but the drop in cash is worrying. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decline in equity is a red flag. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The company’s irregular import and export activity suggests it’s not a high-volume business, but rather one that caters to specific, niche needs. The change in ownership five months ago could signal a shift in strategy or a new investor bringing in fresh ideas, but it’s too early to tell.

Registered in England/Wales under the registration number 02001348, with a registered address at RG41 1QN, Wokingham, Berkshire, Toutley Industrial Estate, Toutley Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.