WW (UK) LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. WW (UK) LIMITED 2001-04-27 → present
2. TRUMP CHAIRS LIMITED 1993-12-23 → 2001-04-27
3. OBCOURT LIMITED 1993-10-12 → 1993-12-23

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

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After the year end, TC Group refinanced its banking facilities, securing new and extended facilities from its lending partner, HSBC Bank plc. This refinancing strengthens TC Group's liquidity position and supports the directors' assessment that the group will continue to meet its obligations as they fall due. The directors maintain a regular and positive dialogue with HSBC, who are supportive of TC Group' strategy and future growth plans. Notwithstanding the net current liabilities of £1,178K and net liabilities of £767K, the directors have considered this refinancing, together with current trading and cashflow forecasts, in forming their judgement that the going concern basis of preparation remains appropriate.”

Group structure

1. WW (UK) LIMITED · parent
   1. Logos Fulfilment Services Limited 100% · England and Wales · Dormant
   2. Titan Furniture (UK) Limited 100% · England and Wales · Dormant
   3. Woodstock Leabank Office Furniture Limited 100% · England and Wales · Dormant
   4. WW Office Furniture Limited 100% · Dublin, Ireland · Dormant

Significant events

• “the impact of a failed warehouse move; and b) the challenging wider economic environment and market conditions which have negatively impacted business confidence and investment.”
• “the group incurred oneoff costs relating to the relocation of inventory to a new warehouse, including transport, handling, operational disruption, and a postmove stock revaluation. The group also recognised a oneoff exceptional charge arising from an adjustment to the previously estimated useful life applied to goodwill.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -6.2%

  £39,315,000 → £36,894,000

• Cash

  -38.9%

  £1,001,000 → £612,000

  lowest in 3 filed years

• Net assets

  -131.8%

  £2,410,000 → -£767,000

• Employees

  +7.5%

  107 → 115

• Operating profit

  -249.5%

  £1,535,000 → -£2,295,000

• Profit before tax

  -401.7%

  £939,000 → -£2,833,000

• Wages

  +6.1%

  £4,101,000 → £4,350,000

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