HANFORD WASTE SERVICES LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in existence until it can be wound up in an orderly fashion. As this winding up has always been contemplated, any losses or asset write downs arising have already been incorporated in these financial statements, or in those for earlier years. As a result, the financial statements are prepared on a basis other than going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

PricewaterhouseCoopers LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in existence until it can be wound up in an orderly fashion. As this winding up has always been contemplated, any losses or asset write downs arising have already been incorporated in these financial statements, or in those for earlier years. As a result, the financial statements are prepared on a basis other than going concern.”

Significant events

• “On 25 October 2022, the company terminated the operations and maintenance contract with MES Environmental Limited due to the insolvency of its parent company, CNIM Groupe S.A.”
• “On 26 October 2022 the company appointed North Midlands Operations Limited as the new operations and maintenance contractor to operate the facility under the terms of a new operations and maintenance agreement until 31 March 2025.”
• “Capital repayments of subordinated debt during the year amounted to £7,057,000 (2023: £nil) and a redemption premium of £nil (2023: £nil).”

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

1

last 12 months

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

• Turnover

  -6.4%

  £28,761,000 → £26,912,760

• Cash

  -0.6%

  £6,058,395 → £6,019,563

• Net assets

  +141.8%

  £2,477,146 → £5,989,984

• Employees

  0%

  3 → 3

• Operating profit

  -0.7%

  £12,124,133 → £12,038,039

• Profit before tax

  +0.4%

  £12,042,882 → £12,089,936

• Wages

  +44%

  £331,789 → £477,692

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