Wells Contract Ltd

Wells Contract Ltd, based in Huntingdon, UK, is a small, holding company with an active status. Established twelve years ago in 2013, it employs just one person and holds £15,106 in assets. With two directors and a single owner, the company operates from a real address shared by three other businesses. It’s a regular importer of furniture, lighting, and prefabricated buildings, with five months of import activity recorded, the last in 2019. It also exports these same products, but less frequently – just two months of export activity, the last in 2021.

The company’s website is minimal, providing little insight beyond its core function: acting as agents involved in the sale of furniture, household goods, hardware, and ironmongery. There’s no e-commerce presence, suggesting a business-to-business model rather than direct retail. It seems to operate behind the scenes, connecting suppliers and buyers within the industry.

Financially, Wells Contract Ltd presents a mixed picture. Current assets have fallen by a significant 37%, dropping to £15,000, while net assets have plummeted 40% to just £92,000. Cash reserves have also taken a hit, decreasing by 94% to a mere £770. Creditors have increased by 32%, reaching £140,000, and trade debtors have risen by 20% to £14,000. The company’s small size—meeting two of three criteria for a small company—helps it remain nimble, but the sharp decline in equity is concerning. No auditor is mentioned, likely due to its small size and exemption from an audit.

The decrease in cash reserves and the rise in creditors suggest that Wells Contract Ltd is facing financial pressures. Whether this is a temporary setback or a longer-term trend remains to be seen. The company's reliance on a single employee and its minimal online presence also point to a lean, potentially vulnerable operation.

Registered in England/Wales under the registration number 08413554, with a registered address at PE28 2BQ, England, Huntingdon, Beech House Thicket Road, Houghton.

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