WEXAS 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

White Hart Associates (London) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared budgets and cashflow forecasts to December 2026 which reflect good operational liquidity and profitability throughout. Additionally, they have also performed a sensitivity analysis on the Company's budgets and forecasts to assess the financial impact of any potential further slowdown in trading from the reforecast and its impact on the liquidity of the business. The sensitivity analysis shows that the Company has enough liquidity and cash to trade through a further slowdown. Company management and the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least the following 12 months from the signing of these financial statements. As a result, the directors believe that it is appropriate to apply the going concern basis for the foreseeable future.”

Significant events

• “Following the sale of the corporate travel management division in 2023, the board focused on organic growth of the leisure business.”
• “During 2024 the Company continued to effectively manage its back office overhead commitments, while reorganising and increasing the size of its sales team to assist in generating growth. The company introduced new management reporting tools that use API links into its key systems that has enabled more efficient online marketing spend.”
• “The directors consider the result to be satisfactory given the uncertainty caused by the global economic climate volcano eruption in Iceland and wars in Ukraine and the Middle East.”
• “Following the Covid-19 pandemic the Company is taking steps to ensure continued future profits and resilience to unforeseen adverse events. The Company is continuing to embrace flexible hybrid working which is assisting with the retention and recruitment of employees. Following the strengthening of its balance sheet the Company is looking to further grow its leisure business through acquisition.”
• “On 21 April 2021 a fixed and floating charge by way of a debenture was created over all assets of the company, including book debts in favour of Coutts and Company.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -10.7%

  £18,972,602 → £16,950,994

• Cash

  +86.2%

  £4,902,809 → £9,131,127

  highest in 10 filed years

• Net assets

  -2.7%

  £5,519,444 → £5,371,493

• Employees

  -14%

  57 → 49

  lowest in 6 filed years

• Operating profit

  -83%

  £461,236 → £78,518

  first positive since 2021

• Profit before tax

  -77.9%

  £1,316,783 → £291,630

  first positive since 2021

• Wages

  -14.4%

  £2,552,510 → £2,183,713

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