WELLSPRING SUBDEBT LIMITED - Profile & Financials

Accounts Submitted 11 Oct 2023

Confirmation Statement Submitted 18 Jan 2024

Net assets £5.08K £1.25K 2022 year on year

Total assets £6.18K £2.98K 2022 year on year

Total Liabilities £1.11K £1.73K 2022 year on year

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

C/O Morgan Sindall Group Plc Kent House 14-17 Market Place London W1W 8AJ United Kingdom

Credit Report

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Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2022

Type Total Exemption Full

Next accounts 31 December 2023

Due by 30 September 2024 9 months

Net Assets, Total Assets & Total Liabilities (2021–2022)

Cash in Bank

£6.18k

Decreased by £2.98k (-32%)

Net Assets

£5.08k

Decreased by £1.25k (-20%)

Total Liabilities

£1.11k

Decreased by £1.73k (-61%)

Turnover

N/A

Employees

N/A

Debt Ratio

18%

Decreased by 13 (-42%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2022 Dec Year End	2021 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

3 active 13 resigned

Show resigned officers

						Status
Bina Tailor	Director	British	United Kingdom	47	13 Nov 2020	Active
Clare Sheridan	Secretary	Unknown	Unknown	—	15 Jan 2016	Active
Richard John Dixon	Director	British	United Kingdom	54	13 Nov 2020	Active

Shareholders

Shareholders (2)


Morgan Sindall Investments Limited	100.0%	1	Ordinary	18 Jan 2024
Wellspring Finance Company Limited	0.0%	0	Ordinary	18 Jan 2024

Persons with Significant Control

Persons with Significant Control (1)

1 Active 2 Ceased

Morgan Sindall Investments Limited

United Kingdom

Active

Notified 20 Jun 2023

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

Wellspring Finance Company Limited

Ceased 20 Jun 2023

Ceased

Community Solutions Management Services (hub) Limited

Ceased 27 Jul 2016

Ceased

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Group Structure

MORGAN SINDALL INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

MORGAN SINDALL GROUP PLC united kingdom

WELLSPRING SUBDEBT LIMITED Current Company

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
28 May 2024	Gazette	Gazette Dissolved Voluntary	View(1 page)
12 Mar 2024	Gazette	Gazette Notice Voluntary	View(1 page)
29 Feb 2024	Dissolution	Dissolution Application Strike Off Company	View(1 page)
18 Jan 2024	Confirmation Statement	Confirmation statement made on 2024-01-14 with updates	View(4 pages)
11 Oct 2023	Accounts	Annual accounts made up to 2022-12-31	View(13 pages)