EXPECT DISTRIBUTION LIMITED

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

1. EXPECT DISTRIBUTION LIMITED 2006-02-16 → present
2. PENNINE PARCELS LIMITED 1987-11-23 → 2006-02-16
3. PYROLA LIMITED 1987-09-25 → 1987-11-23

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

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered all factors, including in the wider economy, as part of their assessment of going concern. Although the current economic climate creates both cashflow and profitability risks for the company, the company continues to trade profitably and is cash generative. Budgets and cashflows have been prepared using assumptions for customer demand and supply chain costs as well as expectations for legal and regulatory environmental impacts. These budgets and cashflows indicate continuing profitability and cash generation, consequently the directors believe on balance that they have sufficient resources to enable trading to continue for a period of at least one year from the date of approval of the financial statements. Accordingly, these financial statements have been prepared on the going concern basis.”

Significant events

• “Capital Investment within the year was limited to the development of our own Transport Management System, Computer Equipment and Motor Vehicles required for the operation of the bus ness. Investment in infrastructure was limited during the year as we continue to operate from premises which are up to date and fitted out with modern equipment and technology.”

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

0

last 12 months

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

• Turnover

  -4%

  £55,069,028 → £52,860,531

• Cash

  -89.7%

  £85,069 → £8,758

• Net assets

  +43.3%

  £1,456,889 → £2,087,214

• Employees

  -9.6%

  364 → 329

• Operating profit

  +15.3%

  £4,974,956 → £5,737,625

• Profit before tax

  +36.7%

  £2,862,164 → £3,911,674

• Wages

  -1%

  £14,301,581 → £14,156,075

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