WELL-SAFE FINANCE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -23.8%

  £101,000 → £77,000

• Net assets

  -23.9%

  -£2,468,000 → -£3,059,000

• Employees

  —

  Not reported

• Profit before tax

  -308.1%

  £284,000 → -£591,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. WELL-SAFE FINANCE LIMITED 2019-10-11 → present
2. SLLP 270 LIMITED 2019-07-24 → 2019-10-11

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As a result, the Directors are satisfied that the Company and Group can continue in operational existence for the foreseeable future and therefore it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “Interest of £11.3m due on the loans and bonds at October 2025 was capitalised and added to the principal.”
• “Short-term loans were received post year end amounting to £15m bearing interest at 14%. The loans were provided by Glenrinnes Farms Limited (GFL), which is owned by a director of the Company, Alasdair Locke.”
• “As a result of contract awards, all 3 Well-Safe rigs are to be reactivated for contracted work in 2026. A £15m bridging facility was secured in March 2026 from current investors to fund rig reactivation costs across the Group.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.