HAVWOODS 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

Champion Accountants 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.”

Significant events

• “Our short lead time projects grew by 9.1% during the year, now accounting for 58% of turnover, up from 50% in 2023.”
• “Our medium and long-term projects have seen fewer project completions, with many projects experiencing delays due to the ongoing impact of the Grenfell disaster. Stricter planning requirements, including the need for additional staircases and the use of fire-rated materials, has led to many projects needing to go back to the planning stage, and thus extending project timelines.”
• “The volume of our enquiries is at its highest in the last four years. To capitalise on improved market conditions, we have expanded our business development team. We successfully recruited a 12 member team in Q3 2024, with customer visits commencing in October 2024.”
• “As a result of the growth from the short lead time projects, and the Q4 2023 launch of our wood surface products, we have improved our gross margins by four percentage points.”
• “The company ceased the operation of the Trekker (decking) department in the previous year.”

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

Filings

3

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

  -6.3%

  £40,079,323 → £37,561,551

  lowest in 3 filed years

• Cash

  +16%

  £4,046,775 → £4,693,802

  highest in 4 filed years

• Net assets

  +3.4%

  £26,199,489 → £27,096,177

  highest in 4 filed years

• Employees

  +2%

  98 → 100

• Operating profit

  +14.2%

  £3,833,739 → £4,379,891

• Profit before tax

  +14.4%

  £4,544,614 → £5,197,050

• Wages

  -4.2%

  £4,994,098 → £4,785,467

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