ON-SITE WELDING AND ENGINEERING COMPANY LIMITED Financials
- Company number
- 00570177CopyCopy
- Registered office
- Unit 3c North Road, Bridgend Industrial Estate, Bridgend, S Wales CF31 3TP
- Incorporated
- 10/08/1956
Company snapshot
- Status
- Active
- Employees
- 8 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-80.84%vs 20242024: £3.46M
Total Assets
-48.70%vs 20242024: £4.29M
Cash in Bank
-64.33%vs 20242024: £3.19M
Total Liabilities
165.84%vs 20242024: £431.88K
Employees
0vs 20242024: 8
In 2025, ON-SITE WELDING AND ENGINEERING COMPANY LIMITED reported net assets of £662.48K. The same filing shows total assets of £2.20M, cash in bank of £1.14M and total liabilities of £1.15M. Reported headcount was 8 in 2025. Net Assets fell from £3.46M in 2024 to £662.48K in 2025 (-80.84%). Okredo holds filed figures for 2021–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-80.84%from £3.46M in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures ON-SITE WELDING AND ENGINEERING COMPANY LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-80.2%vs 2023-55.5% a year compound (CAGR)
Cash in Bank
-62.5%vs 2023-38.8% a year compound (CAGR)
Total Assets
-46.8%vs 2023-27.1% a year compound (CAGR)
Total Liabilities
+188%vs 2023+69.7% a year compound (CAGR)
Employees
0%vs 2023Biggest increase
Total Liabilities+188%
£398.72K in 2023 to £1.15M in 2025
Biggest decrease
Net Assets-80.2%
£3.34M in 2023 to £662.48K in 2025
ON-SITE WELDING AND ENGINEERING COMPANY LIMITED's filings pull in both directions between 2023 and 2025. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from ON-SITE WELDING AND ENGINEERING COMPANY LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 30.07%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 52.11%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 99.04%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 51.61%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for ON-SITE WELDING AND ENGINEERING COMPANY LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 3.04M | 3.25M | 3.34M | 3.46M | 662.48K |
| Total Assets£ | 3.93M | 4.08M | 4.14M | 4.29M | 2.20M |
| Cash in Bank£ | 2.71M | 2.90M | 3.03M | 3.19M | 1.14M |
| Total Liabilities£ | 485.95K | 407.80K | 398.72K | 431.88K | 1.15M |
| Employees | 8 | 8 | 8 | 8 | 8 |
ON-SITE WELDING AND ENGINEERING COMPANY LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for ON-SITE WELDING AND ENGINEERING COMPANY LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
ON-SITE WELDING AND ENGINEERING COMPANY LIMITED reported net assets of £662.48K for 2025. That compares with £3.46M in 2024, a change of -80.84%.
ON-SITE WELDING AND ENGINEERING COMPANY LIMITED reported total assets of £2.20M for 2025. That compares with £4.29M in 2024, a change of -48.70%.
ON-SITE WELDING AND ENGINEERING COMPANY LIMITED reported cash in bank of £1.14M for 2025. That compares with £3.19M in 2024, a change of -64.33%.
ON-SITE WELDING AND ENGINEERING COMPANY LIMITED reported 8 employees in 2025, compared with 8 in 2024.
Between 2023 and 2025, ON-SITE WELDING AND ENGINEERING COMPANY LIMITED's net assets fell by 80.2%, cash in bank fell by 62.5%, total assets fell by 46.8% and total liabilities rose by 188%. Net assets contracted at 55.5% a year across the two years to 2025, from £3.34M to £662.48K. Reported headcount went from 8 in 2023 to 8 in 2025.
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.