WELCH'S TRANSPORT LIMITED
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Cash
£1.3m
+43% vs 2024
Net assets
£3.1m
-0.2% vs 2024
Employees
151
+4.9% highest in 6 filed years
Profit before tax
£320k
+66.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £12,464,320 | £14,006,652 | £15,256,468 | £14,844,892 | £15,010,406 | £16,965,794 | +13% | |
| Operating profit | £153,732 | £678,985 | £719,585 | £341,525 | £175,405 | £297,221 | +69.4% | |
| Profit before tax | £158,600 | £695,351 | £719,585 | £348,083 | £191,949 | £319,887 | +66.7% | |
| Net profit | £169,931 | £679,368 | £634,362 | £272,478 | £145,872 | £243,738 | +67.1% | |
| Cash | £1,265,984 | £1,007,329 | £1,164,855 | £916,186 | £875,778 | £1,252,778 | +43% | |
| Total assets less current liabilities | £2,637,135 | £2,832,486 | £2,968,493 | £3,064,422 | £3,259,849 | £3,276,186 | +0.5% | |
| Net assets | £2,598,309 | £2,777,677 | £2,912,039 | £2,934,517 | £3,080,389 | £3,074,127 | -0.2% | |
| Equity | £2,598,309 | £2,777,677 | £2,912,039 | £2,934,517 | £3,080,389 | £3,074,127 | -0.2% | |
| Average employees | 136 | 142 | 146 | 141 | 144 | 151 | +4.9% | |
| Wages | £3,950,731 | £4,491,481 | £4,977,630 | £5,229,226 | £5,598,571 | £6,103,232 | +9% | |
| Directors' remuneration | £55,804 | £57,952 | £68,749 | £78,010 | £90,716 | £131,380 | +44.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 1.2% | 4.8% | 4.7% | 2.3% | 1.2% | 1.8% | |
| Net margin | 1.4% | 4.9% | 4.2% | 1.8% | 1.0% | 1.4% | |
| Return on capital employed | 5.8% | 24.0% | 24.2% | 11.1% | 5.4% | 9.1% | |
| Gearing (liabilities / total assets) | 36.0% | 31.0% | 33.4% | 33.9% | 44.3% | 56.0% | |
| Current ratio | — | — | — | 2.51x | 1.77x | 1.30x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PEM Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. We have not identified any material uncertainties relating to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern.”
Group structure
- WELCH'S TRANSPORT LIMITED · parent
- JPS Installs Limited 75%
- TBM Fulfillment Solution UK Ltd 50%
Significant events
- “The Company's 75% owned subsidiary undertaking, JPS Installs Limited, had another difficult year and the decision was taken by the Directors to close this business early in 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WELCH, James Neville | Secretary | — | — | British |
| WELCH, Christopher Neville | Director | 2017-06-04 | Jun 1985 | English |
| WELCH, David Robert | Director | 2024-04-06 | Sep 1994 | British |
| WELCH, James Neville | Director | — | Apr 1959 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WELCH, Anthony Gordon | Director | — | 2020-06-26 |
| WELCH, Gordon Nevil | Director | — | 2004-04-17 |
| WELCH, Roger Neville | Director | — | 2008-04-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Welch's Group Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-10-28 | Active |
| Mr Antony Gordon Welch | Individual | Shares 25–50% (as firm), Voting 25–50% (as firm) | 2018-04-06 | Ceased 2025-10-28 |
| Mr Roger Neville Welch | Individual | Shares 25–50% (as firm), Voting 25–50% (as firm) | 2018-04-06 | Ceased 2024-11-06 |
| Mr James Neville Welch | Individual | Shares 25–50%, Voting 25–50% (as firm) | 2017-01-01 | Ceased 2025-10-28 |
Filing timeline
Last 20 of 118 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type full | |
| 2026-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-31 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-10-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-08-05 | AA | accounts | Accounts with accounts type full | |
| 2025-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-07 | CH01 | officers | Change person director company with change date | |
| 2024-11-06 | CH01 | officers | Change person director company with change date | |
| 2024-11-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-17 | CH03 | officers | Change person secretary company with change date | |
| 2024-08-06 | AA | accounts | Accounts with accounts type full | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-19 | AA | accounts | Accounts with accounts type full | |
| 2023-04-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-26 | AA | accounts | Accounts with accounts type full | |
| 2022-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-05 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.