PHIPPS & COMPANY 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

Consolidated group

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered the forecast cash position for the next 12 months based on the existing finance facilities and support at group and individual company level. Following the disposal of JBR recovery business in the year, the group has surplus cash resources and through careful management the existing finance facilities remain sufficient for the foreseeable future. This, along with the continued group support for individual subsidiary companies has provided the Directors with a reasonable expectation that the group and the Company can continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements. Thus, they continue to adopt the going concern basis in these financial statements.”

Group structure

1. PHIPPS & COMPANY LIMITED · parent
   1. Exfavilla Limited 100% · Metal recovery
   2. Web Supply Services Limited 100% · Holding company
   3. Wassell Limited 100% · Motorcycle accessories
   4. Jointline Holdings Limited 80% · Holding company
   5. Jointline Limited 100% · Airfield and highway marking
   6. Red Rose Pavements Limited 100% · Dormant
   7. Orvec Holdings Limited 80% · Holding company
   8. Medichecks.com Limited 79% · Medical screening
   9. Phipps & Co (Falklands) Limited 100% · Dormant
   10. Xenots Limited 100% · Dormant
   11. The Leger Clinic Limited 100% · Medical health services

Significant events

• “On 8th March 2024 Exfavilla, the group metal refining business, exchanged contracts to dispose of the trade and assets of the business and this completed on 1 October 2024.”
• “The groups 70% holding in Lawrence Industries Holdings Limited (which owned 100% of Lawrence Industries Limited) was disposed of and is included in the comparative profit and loss accounts as discontinued activities.”
• “On 22 August 2024 Medichecks completed the acquisition of 100% of the share capital of The Leger Clinic Limited ("Leger").”

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

1

last 12 months

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

• Turnover

  -55.1%

  £115,462,207 → £51,887,473

• Cash

  -41.5%

  £25,339,452 → £14,811,725

• Net assets

  -29.8%

  £36,558,031 → £25,679,180

• Employees

  -14.7%

  266 → 227

• Operating profit

  -111.7%

  £5,325,057 → -£620,897

• Profit before tax

  -67.5%

  £22,820,701 → £7,420,460

• Wages

  -16.6%

  £14,623,484 → £12,190,220

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