WALLACESPACE LIMITED

• ⚠

  Material uncertainty over going concern

  Although the directors continue to take action to mitigate the impact of reduced working capital, and the cash flow forecasts show a more optimistic future, there are significant uncertainties regarding the speed of recovery of the business to pre-pandemic levels. These events and conditions, including assumptions on the continued return of business, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

1. WALLACESPACE LIMITED 2002-08-30 → present
2. COALACRE LIMITED 1997-05-09 → 2002-08-30
3. SECURITIES TRAINING CORPORATION LIMITED 1993-02-19 → 1997-05-09

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

Shaw Gibbs (Audit) Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Although the directors continue to take action to mitigate the impact of reduced working capital, and the cash flow forecasts show a more optimistic future, there are significant uncertainties regarding the speed of recovery of the business to pre-pandemic levels. These events and conditions, including assumptions on the continued return of business, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.”

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

  -1.6%

  £10,452,600 → £10,288,192

• Cash

  -51.6%

  £2,060,464 → £997,182

  lowest in 4 filed years

• Net assets

  +17.4%

  -£718,631 → -£593,847

• Employees

  -4.4%

  135 → 129

• Operating profit

  -73.2%

  £292,127 → £78,319

  first positive since 2022

• Profit before tax

  -83%

  £341,637 → £58,162

  first positive since 2022

• Wages

  -2.5%

  £3,498,142 → £3,412,309

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