# PAYNE'S WELDING LTD (11613560)

> PAYNE'S WELDING LTD is an active private limited company (company number 11613560) incorporated on 9 October 2018, registered in Ashford. Its registered activity is repair of fabricated metal products (SIC 33110). Latest small accounts cover the period ending 31 October 2025, showing net assets of £80k and cash of £12k, with 1 employee on average. Net assets rose 21% on the prior period (£66k).

- Status: Active
- Incorporated: 2018-10-09
- Registered office: Ashford, TN23 1JH
- SIC 33110: Repair of fabricated metal products
- SIC 33120: Repair of machinery
- SIC 33150: Repair and maintenance of ships and boats
- SIC 71129: Other engineering activities
- Next accounts due: 2027-07-31
- Confirmation statement due: 2027-10-23
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 857 comparable companies in the UK (median £5,205, upper quartile £39k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-10-31 | £80k | £12k | £86k | £43k | — | — | 1 |
| 2024-10-31 | £66k | £4,374 | £89k | £49k | — | — | 1 |

current ratio 2.3; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £79,670 at 31 October 2025
- Net assets up 10% or more on the prior period: +21.5% vs prior period
- Current assets at least 1.5× creditors within one year: Current ratio 2.3
- Incorporated five or more years ago: Incorporated 9 October 2018

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Rikki Lee Payne — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors, since 2018-10-09

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/11613560
HTML: https://firmoscan.com/company/11613560-payne-s-welding-ltd