FENSA LIMITED

• ◆

  3 officer resignations in last 12 months

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

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 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Kreston Reeves LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Since 2014 it has been mandatory that when a consumer has work done that falls within FENSA's remit and the installer is FENSA Approved, the consumer will receive an insurance backed guarantee policy ('IBG')... The directors have previously identified that the computerised process by which IBG providers should have been automatically advised to create a policy for a homeowner, had not operated as it should. This process issue has now been rectified.”
• “During 2024, the directors identified that between 2014 and 2023, a number of IBGs had been incorrectly cancelled by GGFi Limited, a fellow group undertaking, where the premiums to be paid by installers were not received. The policy of automatically cancelling IBGs under these circumstances was ended in 2023.”
• “The company has committed to ensuring that any consumer where an IBG was not put in place but should have been, or where an IBG was incorrectly cancelled, and the terms of the an IBG would mean that remedial work would be covered by a claim, the company will honour paying for that remedial work in line with a typical IBG policy terms and conditions. Although there have been no claims by homeowners to whom IBG policies should have been issued, the provision made in these financial statements represents the directors' best estimate of probable future outgoings as a result of this commitment.”

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

2

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

  +3.3%

  £4,332,717 → £4,474,880

  highest in 6 filed years

• Cash

  +18%

  £2,392,725 → £2,824,410

  highest in 6 filed years

• Net assets

  +4.4%

  £4,391,599 → £4,586,161

  highest in 6 filed years

• Employees

  +15%

  20 → 23

  highest in 6 filed years

• Operating profit

  -43.5%

  £343,325 → £194,140

  first positive since 2019

• Profit before tax

  -25.1%

  £406,472 → £304,504

  first positive since 2019

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