HILLS UK LIMITED

1. HILLS UK LIMITED 2007-04-05 → present
2. THE HILLS GROUP LIMITED 1996-10-01 → 2007-04-05
3. HILLS OF SWINDON LIMITED 1996-08-21 → 1996-10-01
4. HILLS OF SWINDON LIMITED 1954-03-19 → 1996-08-21

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The accounts have been prepared on the going concern basis as the directors consider this to be appropriate based on a profit for the year of £1,225,000 and net current assets of £28,844,000 for the group. It is also considered appropriate for the company based on a profit for the year of £2,804,000 and net current assets of £12,890,000. The directors have prepared cash flow forecasts for 17 months from the date of approval of these financial statements which indicate that the group and company will have sufficient funds to meet liabilities as they become due. The assessment has been made with regards to the renewal of the group's borrowing facilities as disclosed in note 17. At the date of this report there has been a reduction in the level of inflation in the UK's economy which is easing the cost of living crisis. The group's businesses are affected by the economic instability differently dependent on the sector in which they trade. Hills Waste Solution Limited and Hills Municipal Collections Limited experienced relatively stable conditions in 2025 but could face significant increased costs resulting from rises in fuel costs and other inflationary pressure. The business will normally be able to increase prices to mitigate any increases. Hills Quarry Products Limited was more impacted by increases in repair costs and downtime rather than inflation in 2025. Over the term of our forecast, it is possible that fuel costs could rise. Usually, the business will be able to increase prices to mitigate this but ultimately this will be determined by market forces. This business has also been impacted by the wetter than normal weather affecting production and costs have increased at Cerney Wick Quarry in the Cotswold Water Park as a result. Hills Homes Development Limited will see sales over the forecast period restricted by lack of building starts rather than the market conditions which look like being favourable in 2026. Once the planning logjam is freed, then there is a risk that there could be capacity issues within the industry that will put pressure on costs. In preparing the forecasts the directors have considered the impact on the forecasts of the current UK economic environment. The forecasts do not indicate that the group would have insufficient funds to meet its liabilities as they fall due or fail to comply with its banking covenants. Consequently, the Directors are confident that the group and company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. HILLS UK LIMITED · parent
   1. Hills Group Limited 100% · UK · Holding company
   2. Hills Waste Solutions Limited 100% · UK · Municipal waste collection services
   3. Hills Quarry Products Limited 100% · UK
   4. Hills Municipal Collections Limited 100% · UK
   5. Estrada Grande Limited 100% · UK · Property holding company
   6. Hills Haulage Limited 100% · UK · Non trading
   7. Hills Homes Developments Limited 100% · UK
   8. Hills West Midlands Limited 100% · UK · Non trading
   9. Able Waste Management Limited 100% · UK
   10. Hills NRE Limited 100% · UK

Significant events

• “The construction and housing markets have continued to be impacted by UK macroeconomic conditions which have been exacerbated by delays in the planning system for approving construction and housing projects.”
• “Overall turnover and profit have fallen compared to the previous year, while cash and borrowings remain in a strong position.”
• “The downwards trend in activity of the aggregate and concrete markets in the UK noted in last year's accounts have continued throughout the 2024/25 year.”
• “The planning consent gained in the year for Airfield Quarry in the Cotswold Water Park was a positive development and should come onstream during the 2026/27 year.”
• “The Waste to Energy project owned and managed by Northacre Renewable Energy Ltd (NRL) has seen a new majority shareholder take ownership of the project and the company received reimbursement of a significant percentage of its development costs.”
• “The group's closed defined benefit pension scheme net asset has increased due mainly to an increase in the discount rates used for the scheme's liabilities.”

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

  +0.4%

  £128,671,000 → £129,198,000

• Cash

  -43.1%

  £22,325,000 → £12,692,000

• Net assets

  -0.4%

  £82,243,000 → £81,909,000

• Employees

  -1.6%

  732 → 720

• Operating profit

  -89.6%

  £5,355,000 → £555,000

• Profit before tax

  -64.3%

  £4,835,000 → £1,727,000

• Wages

  +2.1%

  £23,895,000 → £24,403,000

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