WALTER E. STURGESS & SONS LIMITED

• ◆

  4 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. WALTER E. STURGESS & SONS LIMITED 1989-09-27 → present
2. WALTER E. STURGESS & SONS, LIMITED 1938-05-14 → 1989-09-27

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

Ascendis Audit Limited

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 and the 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. WALTER E. STURGESS & SONS LIMITED · parent
   1. Sturgess Newton Baker LLP 95% · England and Wales · Selling and servicing of motor cars (now dormant)
   2. Newton Baker Properties Limited 99% · England and Wales · Dormant

Significant events

• “The group has now exited all of its franchise relationships and operate solely from its Anstey site as an 'all makes' used car, service and repair dealership.”
• “All freehold properties were transferred into investment properties in the year ended 31 March 2025.”
• “The balance (Revaluation reserve) was transferred to the fair value reserve during the year when the freehold properties became investment properties.”
• “On 29 September 2025 the 10,500 5% non-cumulative fourth preference shares, the 4,000 6.5% cumulative first preference shares, and the 4,000 6.5% cumulative redeemable second preference shares were all redeemed.”

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

Filings

15

last 12 months

Capital events

2

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

  -21.4%

  £69,562,000 → £54,695,000

• Cash

  +1,047.8%

  £207,000 → £2,376,000

• Net assets

  -5.1%

  £14,660,000 → £13,911,000

• Employees

  -29.9%

  117 → 82

• Operating profit

  +83.1%

  -£1,264,000 → -£214,000

• Profit before tax

  +75.2%

  -£1,729,000 → -£429,000

• Wages

  -50.4%

  £4,692,000 → £2,328,000

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