Wec Group Holdings Ltd in Darwen, BB3 2RB

Description

Data updated on: 01-11-2023

2018 marks the launching of Wec Group Holdings Ltd, a company which is located at Britannia House, Junction Street in Darwen. That would make six years Wec Group Holdings has existed in the United Kingdom, as the company was established on Monday 23rd April 2018. The registered no. is 11324003 and its post code is BB3 2RB. The firm now known as Wec Group Holdings Ltd was known under the name Vivoid until Tuesday 27th November 2018 when the name was changed. This company's SIC code is 70100 which stands for Activities of head offices. Wec Group Holdings Limited reported its account information for the financial period up to 2022-12-31. The business most recent annual confirmation statement was released on 2023-04-22.

As for the following business, a number of director's tasks have so far been met by James H., Richard C. and Shaun H.. Within the group of these three people, Richard C. has supervised business for the longest time, having become a part of directors' team six years ago.

Previous company's names
Wec Group Holdings Ltd 2018-11-27
Vivoid Ltd 2018-04-23

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Debtors	2 400 000	4 650 000	4 937 675
Total Inventories	6 594 154	10 243 607	11 678 665

Other Financial Data
Accrued Liabilities Deferred Income	4 914 586	7 600 601	8 586 517
Accumulated Amortisation Impairment Intangible Assets	9 965 766	13 700 766	17 435 766
Accumulated Depreciation Impairment Property Plant Equipment	5 177 040	8 396 289	10 759 811
Additions Other Than Through Business Combinations Intangible Assets			69 832
Additions Other Than Through Business Combinations Property Plant Equipment		3 868 624	1 328 471
Administrative Expenses	14 570 414	15 809 068	19 080 393
Amortisation Expense Intangible Assets	3 735 000	3 735 000	3 735 000
Amounts Owed To Group Undertakings	6 222 325	8 472 325	8 760 000
Amounts Recoverable On Contracts	464 799	1 078 345	168 778
Average Number Employees During Period	4	3	3
Balances Amounts Owed By Related Parties	25 464	40 835
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	6 241 336	7 040 348	6 101 089
Cash Cash Equivalents	11 788 220	16 962 815	13 248 192
Corporation Tax Payable	330 690	14 936	176 910
Corporation Tax Recoverable	31 942	208 302	161 008
Cost Sales	62 088 256	77 381 894	91 647 232
Creditors	6 222 325	8 472 325	8 760 000
Current Tax For Period	999 863	1 237 991	2 521 202
Deferred Tax Asset Debtors	167 944	6 132	4 140
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit	6 188	-4 911
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period			164
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws	19 828	85 561	-3 790
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-184 644	296 158	-12 001
Distribution Costs	4 700 211	5 159 482	5 763 041
Dividends Paid Classified As Financing Activities		-5 000 000	-6 000 000
Finance Lease Liabilities Present Value Total	4 975 913	5 689 038	4 685 889
Finance Lease Payments Owing Minimum Gross	1 555 226	1 628 070	1 897 755
Finished Goods Goods For Resale	421 612	366 173	460 305
Further Item Deferred Expense Credit Component Total Deferred Tax Expense			164
Further Item Tax Increase Decrease Component Adjusting Items	7 563
Gain Loss On Disposals Property Plant Equipment	78 615	752	206 654
Government Grant Income	2 950 187	322 490	14 025
Increase Decrease In Current Tax From Adjustment For Prior Periods	48 508	3 658	12 101
Increase From Amortisation Charge For Year Intangible Assets		3 735 000	3 735 000
Increase From Depreciation Charge For Year Property Plant Equipment		3 290 324	3 497 929
Intangible Assets	25 820 724	22 085 724	69 832
Intangible Assets Gross Cost	35 786 490	35 786 490	35 786 490
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	157 612	165 821	286 706
Interest Income From Group Undertakings Participating Interests	193 837	397 425	669 129
Interest Income On Bank Deposits	213
Interest Paid Classified As Operating Activities	-157 612	-165 821	-286 706
Interest Payable Similar Charges Finance Costs	157 612	165 821	286 706
Interest Received Classified As Investing Activities	-194 050	-397 425	-669 129
Investments Fixed Assets	63 170 984	63 170 984	63 170 984
Investments In Subsidiaries	63 170 984	63 170 984	63 170 984
Net Current Assets Liabilities	-3 822 325	-3 822 325	-3 822 325
Net Finance Income Costs	194 050	397 425	669 129
Other Creditors	601 136	2 219 616	1 881 444
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		71 075	1 134 407
Other Disposals Property Plant Equipment		83 486	1 137 951
Other Interest Receivable Similar Income Finance Income	194 050	397 425	669 129
Payments Received On Account	359 696
Pension Other Post-employment Benefit Costs Other Pension Costs	626 285	602 590	644 063
Prepayments Accrued Income	556 024	617 590	802 966
Profit Loss	-2 000 000	5 000 000	6 000 000
Property Plant Equipment Gross Cost	16 672 222	20 457 360	20 804 238
Raw Materials Consumables	3 180 506	5 266 984	4 946 042
Social Security Costs	2 369 080	2 779 836	3 249 568
Staff Costs Employee Benefits Expense	29 890 632	32 510 758	35 844 647
Taxation Including Deferred Taxation Balance Sheet Subtotal	234 668
Tax Decrease Increase From Effect Revenue Exempt From Taxation	15 872	46 075
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit		-19 277	-9 407
Tax Increase Decrease From Effect Capital Allowances Depreciation	203	-151 652	-69 310
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	791 881	716 937	723 534
Tax Tax Credit On Profit Or Loss On Ordinary Activities	883 555	1 623 368	2 517 676
Total Assets Less Current Liabilities	59 348 659	59 348 659	59 348 659
Total Current Tax Expense Credit	1 048 371	1 241 649	2 533 303
Total Deferred Tax Expense Credit	-164 816	381 719	-15 627
Trade Creditors Trade Payables	10 734 338	14 918 627	15 415 094
Trade Debtors Trade Receivables	18 628 616	21 557 374	25 585 382
Transfers To From Non-current Assets Or Disposal Groups Held For Sale Property Plant Equipment			-156 358
Turnover Revenue	78 330 925	103 047 378	125 851 348
Wages Salaries	26 895 267	29 128 332	31 951 016

3/4 to full of voting rights

right to manage directors

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	06 May 2024
Confirmation statement last made up date	22 April 2023

Annual Accounts
Start Date For Period Covered By Report	2021-01-01
End Date For Period Covered By Report	31 December 2021
Annual Accounts
Start Date For Period Covered By Report	2022-01-01
End Date For Period Covered By Report	31 December 2022

Wec Group Holdings Ltd

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

James H.

Richard C.

Shaun H.

Wayne W.

Christopher M.

James H.

People with significant control

James H.

Accounts Documents

Company filings

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