Wellchem Limited

Wellchem Limited is a small, active company based in Watford, UK, founded three years ago in May 2021. The company, a family business with one director and three owners, holds £12,016 in assets and operates from a real address at 31 Blairhead Drive. It’s a small operation, meeting two of three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Wellchem Limited operates in a diverse range of industries, including non-specialised wholesale trade, retail sale of medical and orthopaedic goods, retail sale via mail order, and management consultancy. Its website, though currently unavailable, suggests a focus on wholesale and retail activities.

Financially, Wellchem Limited’s numbers paint a mixed picture. Current assets have decreased by 32% to £12,000, while net assets have seen a significant turnaround, increasing by 320% to £14,000. Bank borrowings have also decreased by 5.3% to £620,000. Cash reserves have fallen by 9% to £7,000. Creditors have decreased by 3.5% to £820,000. The company’s debt has also decreased by 50% to £5,000. These figures suggest the company is managing its debt effectively, but the decrease in cash reserves could be a cause for concern. The lack of an auditor mentioned is typical for a small, exempt company.

Overall, Wellchem Limited appears to be navigating a period of change. The increase in net assets is a positive sign, but the decrease in cash reserves warrants monitoring.

Registered in England/Wales under the registration number 13388230, with a registered address at WD19 7RB, England, Watford, 31 Blairhead Drive.

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