The Parkhead Welding Company Limited in Glasgow, G40 3HA

Description

Data updated on: 01-11-2023

The Parkhead Welding Company came into being in 1976 as a company enlisted under no SC060280, located at G40 3HA Glasgow at 201 Baltic Street. It has been in business for 48 years and its last known state is active. The firm's principal business activity number is 25990 and has the NACE code: Manufacture of other fabricated metal products n.e.c.. The business latest annual accounts describe the period up to 31st December 2022 and the latest annual confirmation statement was released on 12th October 2022.

At the moment, the directors appointed by the following business include: Alan M. formally appointed in 2013, David A. formally appointed on Thursday 11th April 2013, Angus M. formally appointed in 2011 and William R.. In addition, the managing director's tasks are often backed by a secretary - Natalie M., who was chosen by the business on Friday 1st July 2011.

William R. is the individual with significant control over this firm, owns over 1/2 to 3/4 of company shares .

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-12-31	2014-05-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency
Net Worth	1 447 243	1 447 243	1 567 161	1 725 836

Balance Sheet
Cash Bank On Hand				438 001	678 039	345 011	491 020	423 149	295 033	608 888	580 442
Current Assets	834 703	834 703	951 676	1 069 991	1 390 497	1 098 972	1 147 718	1 073 163	947 373	1 188 673	1 116 822
Debtors	242 701	242 701	265 824	232 018	438 502	360 995	454 478	311 739	348 282	261 755	261 030
Net Assets Liabilities				1 725 835	1 884 769	1 728 771	1 746 501	1 677 841	1 463 942	1 544 010	1 419 980
Other Debtors				46 514	128 549	23 303	134 743	103 322	52 541	62 122	85 584
Property Plant Equipment				1 026 496	962 238	904 590	878 412	919 135	857 801	760 493	746 335
Total Inventories				399 971	273 956	392 966	202 220	338 275	194 649	198 015	153 079
Cash Bank In Hand	552 548	283 345	454 521	438 002
Net Assets Liabilities Including Pension Asset Liability	1 298 343	1 447 243	1 567 161	1 725 836
Stocks Inventory	172 740	308 657	231 331	399 971
Tangible Fixed Assets	743 997	1 014 368	1 085 549	1 106 973

Capital & Reserves
Called Up Share Capital	2 000	2 000	2 000	2 000
Profit Loss Account Reserve	1 284 343	1 432 243	1 565 161	1 723 836
Shareholder Funds	1 447 243	1 447 243	1 567 161	1 725 836

Other Financial Data
Accrued Liabilities						18 148	18 078
Accumulated Depreciation Impairment Property Plant Equipment				977 794	1 072 764	1 176 430	1 206 835	1 261 765	1 340 280	1 424 660	1 500 691
Additions Other Than Through Business Combinations Property Plant Equipment					74 885	78 583	148 565
Average Number Employees During Period				38	40	41	41	40	39	39	35
Creditors				39 168	31 334	25 068	20 054	38 399	23 527	10 268	8 214
Current Tax For Period				114 252	202 748
Deferred Income				39 168	31 334	25 068	20 054
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences				10 218	-8 641
Disposals Decrease In Depreciation Impairment Property Plant Equipment					-28 838	-19 227	-85 020	55 418	43 352	42 230	44 407
Disposals Investment Property Fair Value Model					-80 479
Disposals Property Plant Equipment					-44 173	-32 565	-144 338	131 428	139 899	127 145	146 195
Dividends Paid On Shares Interim				261 600	541 600
Financial Assets					100 689	103 500	106 908
Fixed Assets	743 997	1 014 368	1 085 549	1 106 973	1 062 927	1 008 090	985 320	1 029 513	857 801
Future Minimum Lease Payments Under Non-cancellable Operating Leases				16 250	8 624	4 312
Increase Decrease In Existing Provisions					-8 640	-6 461	-2 486
Increase From Depreciation Charge For Year Property Plant Equipment					123 808	122 893	115 425	110 348	121 867	126 610	120 438
Investment Property				80 479
Investment Property Fair Value Model				80 479
Minimum Operating Lease Payments Recognised As Expense				5 692	3 411
Net Current Assets Liabilities	641 102	525 292	572 312	709 991	896 495	782 607	815 607	748 598	690 238	857 128	752 800
Other Creditors				140 929	229 941	79 839	20 054	38 399	23 527	10 268	8 214
Prepayments						37 997	35 669
Property Plant Equipment Gross Cost				2 004 290	2 035 002	2 081 020	2 085 247	2 180 900	2 198 081	2 185 153	2 247 026
Provisions				51 959	43 319	36 858	34 372	61 871	60 570	63 343	70 941
Provisions For Liabilities Balance Sheet Subtotal				51 959	43 319	36 858	34 372	61 871	60 570	63 343	70 941
Raw Materials Consumables				2 450	2 450	2 450	2 450
Taxation Social Security Payable				127 815	167 658	141 593	144 254
Tax Tax Credit On Profit Or Loss On Ordinary Activities				124 470	194 107
Total Assets Less Current Liabilities	1 539 660	1 539 660	1 657 861	1 816 964	1 959 422	1 790 697	1 800 927	1 778 111	1 548 039	1 617 621	1 499 135
Trade Creditors Trade Payables				91 255	96 403	76 785	49 181	83 866	73 174	129 931	206 087
Trade Debtors Trade Receivables				185 500	309 953	299 695	319 735	208 417	295 741	199 633	175 446
Work In Progress				397 521	271 506	390 516	199 770
Amount Specific Advance Or Credit Directors						23 301	70 571	36 218
Amount Specific Advance Or Credit Made In Period Directors						22 754	82 071	42 310	248
Amount Specific Advance Or Credit Repaid In Period Directors							34 801	76 663	36 466
Additional Provisions Increase From New Provisions Recognised								27 499		2 773
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss									-1 301		7 598
Current Asset Investments									109 409	120 015	122 271
Investments Fixed Assets							106 908	110 378
Other Investments Other Than Loans							106 908	110 378	-110 378
Other Taxation Social Security Payable							263 388	208 155	150 765	167 317	128 905
Total Additions Including From Business Combinations Property Plant Equipment								227 081	157 080	114 217	208 068
Consideration For Shares Issued		1 000
Creditors Due After One Year	62 189	53 098	48 960	39 168
Creditors Due Within One Year	305 039	309 411	379 364	360 000
Nominal Value Shares Issued		1 000
Number Shares Allotted	2 000	2 000	2 000	2 000
Number Shares Issued		1 000
Par Value Share		1	1	1
Provisions For Liabilities Charges	24 567	39 319	41 740	51 960
Revaluation Reserve	13 000	13 000
Value Shares Allotted	2 000	2 000	2 000	2 000