NATIONWIDE PLATFORMS LIMITED

1. NATIONWIDE PLATFORMS LIMITED 2012-01-31 → present
2. LAVENDON ACCESS SERVICES (UK) LIMITED 2008-10-31 → 2012-01-31
3. NATIONWIDE ACCESS LIMITED 1996-02-06 → 2008-10-31
4. NATIONWIDE ACCESS PLATFORMS LIMITED 1988-07-21 → 1996-02-06
5. KWIK-LIFT LIMITED 1988-06-17 → 1988-07-21

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 101

Reporting scope

Standalone (parent only)

Auditor

Constantin

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Management have prepared cash flow forecasts covering a period of 12 months following the signing of these Financial Statements, which show there to be available liquidity over this period whilst continuing to comply with bank loan covenants. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”

Significant events

• “The year reflects the impact of a continued challenging trading environment. Activity levels, measured by Machine on Hire, reduced year-on-year, as a continued uncertain macro-economic environment reduced market confidence, notably within the construction sector.”
• “Profitability was further impacted by continued inflationary pressure. This was partially mitigated by adapting our pricing levels. However, the impact was limited as we remained cognisant of our own Machine on Hire objectives, resulting in a dilution of our margins in the year.”
• “During the year, enabled by both the reduced fleet holding and also targeted depot expansions and improvements, we closed our North Wales, Liverpool and Telford depots, enabling us to consolidate our activities with lower ongoing overheads.”
• “Non-recurring depot closure and redundancy costs of £700,000 (2023: £nil) were incurred in the year.”
• “In the prior year liquidation commenced of UK Platforms Limited, the Company's wholly owned subsidiary, and Bluesky Solutions Limited, another group company. On liquidation of UK Platforms Limited a dividend of £24,529,000 was received.”
• “The carrying value of the investment in UK Platforms Limited of £24,545,000 was fully impaired and amounts due from Bluesky Solutions Limited of £2,620,000 were waived. Both items were recognised within exceptional items.”

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

1

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

  -11.4%

  £146,666,000 → £129,942,000

• Cash

  +19.5%

  £5,737,000 → £6,853,000

• Net assets

  -11.7%

  £88,310,000 → £77,976,000

• Employees

  -11.7%

  952 → 841

• Operating profit

  -68.6%

  £6,468,000 → £2,034,000

• Profit before tax

  -708.8%

  -£918,000 → -£7,425,000

• Wages

  -10%

  £38,907,000 → £35,027,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers