WELLS PERFORMANCE MATERIALS LIMITED

1. WELLS PERFORMANCE MATERIALS LIMITED 2024-06-07 → present
2. WELLS PLASTICS LIMITED 1984-06-07 → 2024-06-07

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

Dains Audit Limited

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

• “The ever-changing environmental landscape affects our business in a variety of ways posing risks, as well as creating opportunities. The image of plastic has been tarnished by the improper disposal of plastic products, but yet it remains a critical material in food waste prevention, lightweighting and carbon footprint reduction. The trend in recycling and the use of natural polymers continues, presenting many opportunities for sustainable polymer masterbatches and compounds. Legislative changes are constantly being monitored and new materials tested to ensure any possible restrictions in material use are well known and planned for. Energy costs are partially capped to reduce the impact of electricity price fluctuations.”

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

Filings

4

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

  -0.3%

  £16,462,130 → £16,416,621

• Cash

  -27.3%

  £244,173 → £177,543

• Net assets

  +8.1%

  £17,255,551 → £18,659,770

• Employees

  0%

  58 → 58

• Operating profit

  -12.1%

  £2,045,118 → £1,798,214

• Profit before tax

  -12%

  £1,988,076 → £1,749,965

• Wages

  +3.5%

  £2,444,681 → £2,531,409

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