HUWS GRAY LIMITED

1. HUWS GRAY LIMITED 2006-02-14 → present
2. HUWS GRAY FITLOCK LIMITED 1998-12-31 → 2006-02-14
3. HUWS-GRAY LIMITED 1990-07-20 → 1998-12-31
4. PITTSFIELD LIMITED 1990-05-30 → 1990-07-20

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“During the year and post year-end, the Company has delivered operating profits and cash generation from operating activities to support future growth. Whilst acknowledging the current challenging trading conditions created by the economic climate and cost of living crisis in the UK, the Company has generated operating profit post year end and maintained significant liquidity. Having consulted with stakeholders extensively including banks, staff, customers and suppliers, the directors consider the Company to be in a well-prepared position and are confident in the long-term outlook. The directors have obtained a Group letter of support from its parent, Patagonia Holdco 3 Limited, confirming that the Group will provide financial support for a period of at least 12 months from the date when these financial statements are signed. Various scenarios for trading over the period to 30 June 2026 have been modelled, with varying degrees of sensitivity analysis taken into consideration, and the reasonably plausible downside scenarios indicate more than satisfactory liquidity and banking covenant headroom. As a result, the directors consider it is appropriate to prepare the accounts on a going concern basis.”

Group structure

1. HUWS GRAY LIMITED · parent
   1. Qualplas Limited 80%
   2. KF Supplies Limited 100%
   3. A.C. Roof Trusses Limited 100%
   4. South Milford (Holdings) Limited 100%
   5. Milford Limited 100%
   6. Uriah Woodhead & Son (Holdings) Limited 100%
   7. Uriah Woodhead & Son Limited 100%
   8. Paxcorn Ltd 100%
   9. Builders Supplies (West Coast) Limited 100%
   10. Sandysike Builders Merchants Limited 100%
   11. Exall Jones Limited 100%
   12. TBS Building Supplies Ltd 100%
   13. Higgins Trade Supplies Limited 100%
   14. Higgins Holdings Limited 100%
   15. Higgins Building Supplies Ltd 100%
   16. Higgins Landscape & Garden Centre Limited 100%
   17. Brick and Stone (Scotland) Ltd. 100% · Scotland

Significant events

• “In December 2024, the Company entered into a non-recourse debt factoring facility to provide additional liquidity and for broader corporate objectives. This facility has a three-year term and at 31 December 2024, £71.1m of the facility was utilised.”
• “Patagonia Bidco Limited has fully drawn long term loan borrowings of £650m and €354m respectively, as well access to an RCF of £125m to which the Company is cross guarantor, along with other trading subsidiaries of Patagonia Bidco Limited. The RCF facility remains undrawn at the date which these financial statements have been approved by the Board. The financial guarantee is secured by a charge covering all of the entity's assets. Management believes that the probability of any potential outflow of resource not to be remote, therefore, on this basis, a contingent liability is disclosed within the financial statements.”

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

2

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

  -5.4%

  £1,402,367,000 → £1,326,294,000

• Cash

  +28.2%

  £89,362,000 → £114,563,000

• Net assets

  +12.1%

  £302,447,000 → £339,022,000

• Employees

  -6.5%

  5,091 → 4,762

• Operating profit

  +105.1%

  £19,483,000 → £39,952,000

• Profit before tax

  +235%

  £8,209,000 → £27,500,000

• Wages

  +0.5%

  £157,957,000 → £158,769,000

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