WALTER CRAVEN LIMITED

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

Hawsons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After due consideration of all relevant factors, the directors have considered the cash requirements for the period of at least twelve months from the date of approval of the financial statements and consider that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.”

Group structure

1. WALTER CRAVEN LIMITED · parent
   1. Moar & Butler Limited 100% · United Kingdom
   2. Charletts (Funeral Service) Limited 100% · United Kingdom
   3. A.Maddock & Son Limited 100% · United Kingdom

Significant events

• “Income has reduced due to a decrease in the number of funerals carried out as a direct result of the widespread changes that have taken place in the UK Funeral Industry over the last few years. The rise in popularity of direct cremations serviced by on-line providers has massively impacted traditional funeral homes. Whilst the business has maintained its market share there are overall less funerals available to the business due to the growth of on-line competition. In addition to these challenges business costs have increased significantly including increases in the minimum wage and increases in employer's national insurance introduced by the government, together with increases in business rates. To counter these cost increases the business has reduced the number of employees, the number of premises and the number of fleet vehicles.”

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

0

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

  -1.9%

  £3,919,326 → £3,844,684

• Cash

  -14.6%

  £3,808,081 → £3,251,993

• Net assets

  +1.7%

  £4,797,665 → £4,879,174

• Employees

  -10.3%

  68 → 61

• Operating profit

  -128.1%

  £91,616 → -£25,754

• Profit before tax

  -30.7%

  £165,662 → £114,790

• Wages

  +0.5%

  £1,886,404 → £1,895,760

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