WELD-SPEC (GLASGOW) LIMITED Financials
- Company number
- SC085569CopyCopy
- Registered office
- C/O RENNIE SMITH ACCOUNTING SERVICES LIMITED, 1160 Tollcross Road, Glasgow G32 8HE
- Incorporated
- 18/11/1983
Company snapshot
- Status
- Active
- Employees
- 10 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-49.68%vs 20242024: £646.63K
Total Assets
-8.28%vs 20242024: £4.04M
Cash in Bank
-57.13%vs 20242024: £121.41K
Total Liabilities
0.62%vs 20242024: £3.12M
Employees
0vs 20242024: 10
In 2025, WELD-SPEC (GLASGOW) LIMITED reported net assets of £325.38K. The same filing shows total assets of £3.70M, cash in bank of £52.04K and total liabilities of £3.14M. Reported headcount was 10 in 2025. Total Assets fell from £4.04M in 2024 to £3.70M in 2025 (-8.28%). 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
-49.68%from £646.63K 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 WELD-SPEC (GLASGOW) LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-61.1%vs 2023-37.6% a year compound (CAGR)
Cash in Bank
-93.4%vs 2023-74.3% a year compound (CAGR)
Total Assets
+23.2%vs 2023+11% a year compound (CAGR)
Total Liabilities
+68%vs 2023+29.6% a year compound (CAGR)
Employees
-44.4%vs 2023-8Biggest increase
Total Liabilities+68%
£1.87M in 2023 to £3.14M in 2025
Biggest decrease
Cash in Bank-93.4%
£786.53K in 2023 to £52.04K in 2025
WELD-SPEC (GLASGOW) 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 cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from WELD-SPEC (GLASGOW) 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
- 8.79%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
- 84.87%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
- 1.66%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
- 1.41%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 WELD-SPEC (GLASGOW) 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£ | 4.51M | 4.81M | 835.99K | 646.63K | 325.38K |
| Total Assets£ | 6.66M | 6.27M | 3.00M | 4.04M | 3.70M |
| Cash in Bank£ | 154.23K | 2.54M | 786.53K | 121.41K | 52.04K |
| Total Liabilities£ | 1.66M | 1.12M | 1.87M | 3.12M | 3.14M |
| Employees | 0 | 18 | 18 | 10 | 10 |
WELD-SPEC (GLASGOW) LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for WELD-SPEC (GLASGOW) LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
WELD-SPEC (GLASGOW) LIMITED reported net assets of £325.38K for 2025. That compares with £646.63K in 2024, a change of -49.68%.
WELD-SPEC (GLASGOW) LIMITED reported total assets of £3.70M for 2025. That compares with £4.04M in 2024, a change of -8.28%.
WELD-SPEC (GLASGOW) LIMITED reported cash in bank of £52.04K for 2025. That compares with £121.41K in 2024, a change of -57.13%.
WELD-SPEC (GLASGOW) LIMITED reported 10 employees in 2025, compared with 10 in 2024.
Between 2023 and 2025, WELD-SPEC (GLASGOW) LIMITED's net assets fell by 61.1%, cash in bank fell by 93.4%, total assets rose by 23.2% and total liabilities rose by 68%. Net assets contracted at 37.6% a year across the two years to 2025, from £835.99K to £325.38K. Reported headcount went from 18 in 2023 to 10 in 2025 (-8).
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.