WELDFAST (UK) LIMITED
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Cash
£350k
+41.4% highest in 3 filed years
Net assets
£15m
+4.5% highest in 3 filed years
Employees
61
-15.3% lowest in 3 filed years
Profit before tax
£996k
+2,041.1% vs 2025
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £21,617,267 | £20,459,383 | £18,188,475 | -11.1% | |
| Operating profit | £2,062,992 | £1,010,629 | £1,271,426 | +25.8% | |
| Profit before tax | £1,754,340 | £46,517 | £995,979 | +2,041.1% | |
| Net profit | £1,306,340 | £33,788 | £632,626 | +1,772.3% | |
| Cash | £210,096 | £247,677 | £350,183 | +41.4% | |
| Total assets less current liabilities | £14,584,186 | £14,497,722 | £14,648,665 | +1% | |
| Net assets | £13,919,370 | £13,953,158 | £14,585,784 | +4.5% | |
| Equity | £13,919,370 | £13,953,158 | £14,585,784 | +4.5% | |
| Average employees | 69 | 72 | 61 | -15.3% | |
| Wages | £2,406,205 | £2,581,062 | £2,132,814 | -17.4% | |
| Directors' remuneration | £194,929 | £239,284 | £255,346 | +6.7% | |
| Directors' pension contributions | £0 | £3,816 | — | — | |
| Highest paid director | £104,000 | £104,000 | £89,600 | -13.8% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 9.5% | 4.9% | 7.0% | |
| Net margin | 6.0% | 0.2% | 3.5% | |
| Return on capital employed | 14.1% | 7.0% | 8.7% | |
| Gearing (liabilities / total assets) | 38.5% | 39.2% | 27.3% | |
| Current ratio | 2.73x | 2.62x | 3.62x | |
| Interest cover | 6.68x | 2.25x | 4.07x |
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.
Name history
Renamed 1 time since incorporation
- WELDFAST (UK) LIMITED 2007-09-11 → present
- TR WELDING PRODUCTS LIMITED 2006-01-06 → 2007-09-11
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hardwickes
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied that the forecasts are based on reasonable assumptions for the purpose of the going concern opinion and are of the opinion that the Company is well placed to manage its financial and other business risks satisfactorily, in order to continue to operate for the foreseeable future.”
Significant events
- “During the year ended 31st March 2026, the company has disposed of its electrode manufacturing business on 26th September 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRAND, Peter John | Director | 2021-08-18 | May 1970 | British |
| BASTOCK, Robert Neil | Director | 2024-07-01 | May 1977 | British |
| COVENEY, Jonathan Frank | Director | 2024-07-01 | Sep 1967 | British |
| MANSON, Christopher John | Director | 2021-08-18 | Feb 1967 | British |
| NIXON, Stephen Anthony | Director | 2007-09-10 | May 1965 | British |
| THOMPSON, Robert Charles | Director | 2024-07-01 | Oct 1972 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARTELLI, Angela | Secretary | 2021-08-18 | 2022-03-31 |
| NIXON, Julie Angela | Secretary | 2006-01-06 | 2007-09-10 |
| NIXON, Lorraine | Secretary | 2008-01-24 | 2021-08-18 |
| NIXON, Stephen Anthony | Secretary | 2007-09-10 | 2008-01-24 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 2006-01-06 | 2006-01-06 |
| NIXON, Nigel David | Director | 2006-01-06 | 2024-02-14 |
| WALSH, Michael Bernard | Director | 2021-08-18 | 2024-02-15 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 2006-01-06 | 2006-01-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Newable Weldfast Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-08-18 | Active |
| Mr Stephen Anthony Nixon | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-08-18 |
| Nigel David Nixon | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-08-18 |
Filing timeline
Last 20 of 107 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-21 MA Memorandum articles
- 2023-12-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AA | accounts | Accounts with accounts type full | |
| 2026-05-12 | CH01 | officers | Change person director company with change date | |
| 2025-12-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-29 | AA | accounts | Accounts with accounts type full | |
| 2024-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-05 | AA | accounts | Accounts with accounts type full | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-02 | CH01 | officers | Change person director company with change date | |
| 2024-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-21 | MA | incorporation | Memorandum articles | |
| 2023-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-15 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-19 | AA | accounts | Accounts with accounts type full | |
| 2022-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-11 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.