WESTLEY GROUP LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Walker Hubble

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. A cash flow forecast for the next 12 months prepared by management has indicated that the entity will have sufficient cash assets to be able to meet its debts as and when they are due. No adjustments have been made relating to recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the entity not continue as a going concern.”

Group structure

1. WESTLEY GROUP LIMITED · parent
   1. Francis W Birkett & Sons Limited 100% · England · manufacture and sale of non ferrous components
   2. Walter Frank & Sons Limited 100% · England · manufacturing of engineered castings and fire fighting equipment
   3. J Roberts Bronze Components Limited 100% · England · property rental company
   4. Meighs & Westleys Limited 100% · England · manufacture and sale of ferrous and non ferrous castings and provision of finished machining activities
   5. Spunalloys Limited 100% · England · manufacture and sale of ferrous and non ferrous centrifugal castings and provision of finished machining activities
   6. Meighs Limited 100% · England · non-trading

Significant events

• “On the 25th October 2024 there was a planned reorganisation of the existing shareholders of Westley Group. Prior to the reorganisation, the ultimate owner of Westley Group was Musgrave Holdings Limited, which was controlled by James Salisbury and Rob Salisbury. As a result of the reorganisation there has been a change of shareholder control, such that the ultimate owner of Westley Group is now Westley International Holdings Limited, which is controlled by the Westley Family, who were previously a minority shareholder of the Group but trace their involvement with the Group to its origin over 200 years ago. Financing for the reorganisation was provided by the Group's banking partner HSBC, who continue to be fully supportive of the Group's stable progression.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -1.5%

  £38,258,283 → £37,669,296

• Cash

  -9%

  £2,539,767 → £2,311,240

• Net assets

  +15.4%

  £19,120,748 → £22,059,897

• Employees

  +0.7%

  303 → 305

• Operating profit

  -30.3%

  £3,873,561 → £2,700,032

• Profit before tax

  -30.4%

  £3,716,132 → £2,587,839

• Wages

  +3.2%

  £10,531,969 → £10,865,544

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