WESTCOAST LIMITED

• ◆

  3 officer resignations in last 12 months

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

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. WESTCOAST LIMITED 1985-12-10 → present
2. WEST COAST PERIPHERALS LIMITED 1984-05-16 → 1985-12-10

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making appropriate enquiries and considering the uncertainties described above, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore consider it is appropriate to adopt the going concern basis in preparing the financial statements.”

Significant events

• “The Company was a direct wholly-owned subsidiary of Hemani Ventures Ltd and indirect wholly-owned subsidiary of Hemani Group Ventures Ltd until 23 July 2024, when the directors of the Westcoast Group executed a group reorganisation.”
• “On 26 July 2024, ALSO, a Swiss-based listed distribution group, signed a Share Purchase Agreement (SPA) with JH Topco Limited to acquire 100% of the outstanding shares of Westcoast Holdco Limited, to which the Company is part of. The completion of the acquisition was dependent on the approval from the EU Merger Control Commission, which was received by both parties on 19 February 2025. Following the EU Clearance approval, both parties completed the acquisition on 28 February 2025. Following the completion of sale of Westcoast Holdco Limited (the immediate parent company) to ALSO, the Company became part of the ALSO Group.”
• “On 9 December 2025, the Company, together with Clarity Computer (Distribution) Limited (an affiliated company under Westcoast (Holdco) Limited), became a party to a non-recourse pan-European receivables factoring facility with a credit line of £350m with Credit Mutuel Factoring, a company incorporated in France. Prior to this, the Company was a party to the asset-based lending facility with Lloyds Bank Commercial Finance Limited, with a facility limit of up to £360m. This asset-based lending facility was terminated on 19 December 2025.”
• “Effective 1 January 2026, the trade and assets of Spire Technology Limited, a subsidiary of Westcoast Holdco Limited, were transferred to Westcoast Limited as part of group restructuring under common control. The purchase consideration was settled by way of an intercompany set off at net asset value amounting to £11,693,420.”

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

3

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

  -0.1%

  £3,334,163,000 → £3,330,984,000

• Cash

  +6,103.3%

  £6,208,000 → £385,099,000

• Net assets

  -1.7%

  £148,423,000 → £145,971,000

• Employees

  +4.4%

  896 → 935

• Operating profit

  -13.3%

  £44,139,000 → £38,260,000

• Profit before tax

  -15%

  £39,811,000 → £33,835,000

• Wages

  +7.7%

  £42,194,000 → £45,461,000

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