WADE SPRING LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. WADE SPRING LIMITED 2007-03-19 → present
2. ELSON & ROBBINS LIMITED 1992-10-12 → 2007-03-19
3. FORAY 476 LIMITED 1992-09-04 → 1992-10-12

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

Mabe Allen LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have obtained confirmation that financial support continues to be available to the company from Wade Group Limited, its ultimate parent company. The directors have considered the evidence provided by the directors of Wade Group, which indicates that the group has a reasonable expectation of being able to provide the required funding and consequently they have concluded that this company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “The industry and company have been impacted by the prolonged period of economic uncertainty and inflationary factors which have had a significant effect on the market and reduced order levels in the industry.”
• “The company's turnover during the 52 weeks ended 29 September 2024 was £5,288,384 (2023: £6,820,557) representing a decrease of 22% as a result of the difficult trading conditions in the furniture industry in the last year.”
• “The company's loss before taxation for the 52 weeks ended 29 September 2024 was £701,987 (2023: profit of £84,211) as a result of the significantly reduced volumes and activity.”

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

Filings

8

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

  -22.5%

  £6,820,557 → £5,288,384

• Cash

  -62.6%

  £407,136 → £152,308

• Net assets

  -64.8%

  £7,772,790 → £2,737,898

• Employees

  -4.4%

  68 → 65

• Operating profit

  -869.7%

  £90,353 → -£695,414

• Profit before tax

  -933.6%

  £84,211 → -£701,987

• Wages

  0%

  £1,826,908 → £1,827,786

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