WASHCO LIMITED

1. WASHCO LIMITED 2019-06-03 → present
2. JAMES ARMSTRONG AND COMPANY LIMITED 1928-06-20 → 2019-06-03

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

Standalone (parent only)

Auditor

Larking Gowen 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 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. WASHCO LIMITED · parent
   1. Solent Laundry Solutions Ltd 1% · Supply, leasing and maintenance of laundry equipment
   2. Solent Laundry Solutions (Holding) Limited 1% · Intermediate holding company
   3. Goodman-Sparks Limited 1% · Washing and dry cleaning of textiles, and repair of laundry equipment
   4. Goodman-Sparks Holdings Limited 1% · Intermediate holding company

Significant events

• “During the year dividends totalling £100,001 (2024: £24,000) were paid in excess of available distributable reserves. Post year end, management have carried out a capital reduction to convert some of the share premium into distributable reserves to remedy this.”
• “On 17th December 2025, the members passed a special resolution to reduce the Company's capital, thereby transferring £750,000 of share premium into distributable reserves.”
• “In April 2024 5,705 Ordinary A2 shares were issued to Nortec A/S for total consideration of £1 million. Nortec A/S occupy a similar position in the leasing of commercial laundry equipment market in Denmark to that of WASHCO in the UK. The investment was part of a strategic collaborative relationship that will be of benefit to both parties.”

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

Filings

10

last 12 months

Capital events

4

last 24 months

Officers appointed

1

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

  +16.6%

  £17,261,467 → £20,125,853

• Cash

  -62%

  £30,330 → £11,524

• Net assets

  +115.3%

  £835,817 → £1,799,872

• Employees

  +3.5%

  113 → 117

• Operating profit

  +59.9%

  £536,207 → £857,420

• Profit before tax

  +233.2%

  -£116,517 → £155,188

• Wages

  +10%

  £4,375,797 → £4,815,314

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers