WESLEYAN FINANCIAL SERVICES LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. WESLEYAN FINANCIAL SERVICES LIMITED 2005-01-19 → present
2. PROFESSIONAL AFFINITY GROUP SERVICES LIMITED 1998-03-02 → 2005-01-19
3. B.M.A. SERVICES LIMITED 1982-10-20 → 1998-03-02
4. NORRISWARD LIMITED 1982-07-14 → 1982-10-20

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are responsible for making a formal assessment as to whether the 'going concern' basis is appropriate for preparing these financial statements. The going concern basis presumes that the Company will continue to be able to meet its obligations as they fall due over the going concern period. To do this, the Company must have sufficient assets, not only to meet the payments associated with its business, but also to withstand the impact of other events that might reasonably be expected to happen. The Directors have examined the going concern basis for the period to 31 March 2026. They will take proactive action to maintain regulatory solvency and sufficient liquidity at all times. Beyond this, the Parent Company (Wesleyan Assurance Society) have guaranteed all of the Company's liabilities. The Director's are satisfied that the Society has the ability to honour that guarantee should it be required.”

Significant events

• “During 2024 Wesleyan Assurance Society provided £28m additional capital to support WFS taking issued share capital to £220m.”
• “Following a selection process an agreement was approved for WFS contract with SS&C to develop a new business wealth platform.”
• “DGP, the Distribution Growth Programme, is a key initiative launched by the business at the end of 2023.”
• “As a result of decisions taken in 2024, changes to our non-contingent advisory charging model are set to be introduced in early 2025, and we are improving our lead capability from Partner and Affiliate referrals.”

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

Filings

16

last 12 months

Capital events

11

last 24 months

Officers appointed

4

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -1.2%

  £36,299,000 → £35,859,000

• Cash

  +16.8%

  £11,540,000 → £13,484,000

• Net assets

  +9.2%

  £9,932,000 → £10,845,000

• Employees

  +3.4%

  435 → 450

• Operating profit

  -18.8%

  -£24,021,000 → -£28,527,000

• Profit before tax

  -18.9%

  -£23,696,000 → -£28,184,000

• Wages

  +5.6%

  £28,744,000 → £30,357,000

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