WPS CAPITAL LTD

1. WPS CAPITAL LTD 2023-06-07 → present
2. WILLIAM POWELL & SONS,LIMITED 1926-06-22 → 2023-06-07

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. WPS CAPITAL LTD · parent
   1. Peril Holdings Limited 100% · Corporate partner
   2. Powell Underwriting LLP 100% · England and Wales · Lloyd's corporate member

Significant events

• “During 2024, W D Johns-Powell, a Director and Shareholder of the Company, transferred syndicate capacity from his personal underwriting portfolio to that of Powell Underwriting LLP, a subsidiary of the Company. No consideration was paid for this capacity which had a market value of £451,308 and was introduced by way of a Contribution reserve.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +28%

  £28,133,956 → £36,012,207

• Cash

  +76.8%

  £1,607,166 → £2,841,173

  highest in 4 filed years

• Net assets

  +27.7%

  £14,939,988 → £19,077,419

  highest in 4 filed years

• Employees

  —

  Not reported

• Operating profit

  -3.4%

  £4,013,495 → £3,876,080

• Profit before tax

  -3.4%

  £4,013,495 → £3,876,080

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers