WELZH WERKZEUG LIMITED

💤Zombieactive
SC403220 · ltd · incorporated 2011-07-08
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£4.79M
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: SIC 46620
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 13.4y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 13.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £4,793,975
Cash YoY
+33%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2.3m
↑ 33% YoY
Net Worth
£4.8m
↑ 22% YoY
Current Assets
£4.6m
↑ 10% YoY
Current Liabilities
—
£0£959k£1.9m£2.9m£3.8m£4.8mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£4.86M£3.99M
Current assets£4.62M£4.19M
Cash£2.32M£1.74M
Debtors£883.2k£924.4k
Net assets£4.79M£3.94M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-09-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-10-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2024-10-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2024-10-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-09-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2024-04-05
    ➖
    HORSFALL, Joseph resigned
    director
  7. 2023-09-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2022-09-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2021-09-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2020-11-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-09-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2019-09-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2018-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2017-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-09-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-02-01
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  17. 2011-07-08
    🏢
    Company incorporated
    As WELZH WERKZEUG LIMITED
  18. 2011-07-08
    ➕
    WELCH, Tyrone appointed
    secretary
  19. 2011-07-08
    ➕
    WELCH, Tyrone appointed
    director
  20. 2011-07-08
    ➕
    HORSFALL, Joseph appointed
    director

Owner dependency

85/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Ashley Welch
Individual · British · DOB 01/1987 · age 39
25–50%
25–50%25-50% shares · 25-50% voting05/04/2024
Mr Tyrone Welch
Individual · British · DOB 10/1985 · age 41
25–50%
25–50%25-50% shares · 25-50% voting08/07/2016
1 historic (ceased) PSC
  • Mr Joseph Horsfallceased 05/04/2024· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
PRAVERA LTD→
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——010y8373y
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———723y8372y
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———30033y8374y
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SC196782 · est 1999 · no financials extracted
————27y8362y
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SC294308 · est 2005 · no financials extracted
————20y8362y
MOSTELL LOGISTICS LIMITED→
SC345013 · est 2008 · no financials extracted
————18y8362y
PW FOODS LIMITED→
SC311281 · est 2006 · no financials extracted
————19y8362y
SOLWAY AGRICULTURE LIMITED→
SC118953 · est 1989
——£1.35M—36y8360y
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——£11.07M—20y8274y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2011-07-08
Jurisdictionscotland
Primary SIC46620 — SIC 46620

Registered office

Welzh House
Loanwath Road
Gretna
DG16 5HD
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-14
Last: 2025-10-31

Officers (2 active · 1 resigned)

WELCH, Tyrone→
secretary · appointed 2011-07-08
View their other companies + combined net worth →
Active
WELCH, Tyrone→
director · ~41y · appointed 2011-07-08
View their other companies + combined net worth →
Active
HORSFALL, Joseph→
director · ~69y · appointed 2011-07-08 · resigned 2024-04-05
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Bond & floating charge1 property01/02/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (38 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-31
termination-director-company-with-name-termination-date
officers · TM01
2024-10-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-07