WEST MIDLANDS GROWTH COMPANY LIMITED

1. WEST MIDLANDS GROWTH COMPANY LIMITED 2017-04-27 → present
2. MARKETING BIRMINGHAM LIMITED 2002-05-09 → 2017-04-27
3. BIRMINGHAM MARKETING PARTNERSHIP 1993-05-21 → 2002-05-09
4. BIRMINGHAM CONVENTION AND VISITOR BUREAU LIMITED 1982-04-26 → 1993-05-21

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

Standalone (parent only)

Auditor

Dains Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Considering the continuing support of WMCA and the region and having appropriately considered the detailed forecasts for the business, the directors have assessed that it is reasonable to conclude that the business will continue to be able to meet its operational requirements and financial liabilities for the foreseeable future, being not less than 12 months from the date of approval of the financial statements. On that basis the financial statements have been prepared on a going concern basis.”

Significant events

• “The 2024-25 deficit before tax was £493,209 (2024: surplus before tax £493,209). WMGC's ability to begin full scale activity on the Global West Midlands Programme 2023-25 was delayed due to awaiting full approval of funding. This meant that WMGC were unable to spend the full budget in the year ended 31 March 2024. This resulted in a surplus for that year as WMGC prioritised spending on the time limited funding streams therefore the Commercial Income was not fully utilised. This was a timing difference only and the surplus was fully spent in the year ended 31 March 2025.”
• “In November 2024 the WMCA Board agreed to an extension of the Global West Midlands (GWM) Business Plan 2023-25 for an additional one year 2025-26. The funding from the WMCA agreed for this extension was £3.33m, which together with commercial income and previously achieved sponsorship commission, results in a total budget of £8.31m for 2025-26.”
• “The WMGC Board now formally reports into the WMCA Board from April 2025 to increase accountability and transparency. The WMGC Board has reduced in size to 13 people from June 2025 to increase its effectiveness and level of engagement of Non - Executive Directors.”
• “The UK has endured a period of prolonged political uncertainty, and on 4th July 2024 a general election took place with the Labour Party coming to power. This builds on years of economic turbulence arising from Brexit and COVID-19 that have fundamentally altered macroeconomic demand and supply. The 4th May 2024 local and regional elections resulted in a new Labour Mayor for the West Midlands and changes in the make-up of some Local Authorities.”
• “Over the last 18 months, regional leaders have been driving the Economic Development Functions Review (EDFR) to agree the future economic development model for the region to improve delivery, strengthen accountability and achieve greater impact. The review has agreed that the West Midlands Growth Company will evolve to become the region's Economic Development Vehicle by 1st April 2026.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

5

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

  +26.4%

  £9,741,343 → £12,309,088

• Cash

  +54.9%

  £2,766,359 → £4,285,795

• Net assets

  -86.9%

  £639,740 → £83,531

• Employees

  +23.5%

  98 → 121

• Operating profit

  -210.5%

  £495,209 → -£547,108

• Profit before tax

  -200%

  £493,209 → -£493,209

• Wages

  +23.5%

  £4,917,736 → £6,073,605

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