CROSSFOLD ELECTRICAL WHOLESALERS 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

WP Audit Services 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

• “Over the past few years, the business has seen exceptional growth, turnover increased by 43.2% in 2022 and 52.5% in 2023. 2024 was anticipated to be a year of consolidation, so the slight decline in turnover in the year to 31st December 2024 is no more than expected.”
• “The gross profit margin was 24% in 2023 and has grown slightly to 26% in 2024 and the Company has hit its targets.”
• “Following the Grenfell Tower tragedy, a significant amount of turnover was relating to smoke detectors which are low margin products, and this partly explains the reduction in the gross margin between 2018 to 2020.”
• “The business moved premises in August 2019 primarily to take advantage of larger warehouse space but also better road links. The growth in the business since the pandemic has meant that a further warehouse was taken on in the prior year.”
• “Stock levels have increased significantly at the year-end up by 50% to £2.3m, this is due to the stocking up ahead of the 2025 year.”
• “During 2024 the Directors undertook a review of the company's resilience to cybercrime. As such it has brought in additional procedures and policies and now has third party monitoring for any potential issues.”
• “The increase in paperwork brought about by the rapid growth has resulted in the streamlining of the purchase processing via automated software.”
• “During 2024, average employee numbers have increased by 3 to 39 due to new employees being taken on part way through 2024. The company is budgeting for an increase of two further employees during 2025 despite the impact of the national insurance increases in March 2025.”

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

0

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -1.1%

  £27,759,960 → £27,461,609

• Cash

  +132%

  £2,290,816 → £5,314,785

  highest in 5 filed years

• Net assets

  +29.2%

  £6,900,455 → £8,914,421

  highest in 5 filed years

• Employees

  +8.3%

  36 → 39

  highest in 5 filed years

• Operating profit

  +3%

  £3,995,910 → £4,116,211

  highest in 4 filed years

• Profit before tax

  +4.9%

  £4,047,995 → £4,246,711

  highest in 4 filed years

• Wages

  +12.1%

  £1,570,950 → £1,760,421

  highest in 4 filed years

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