WEST BROMWICH HOMES LIMITED

1. WEST BROMWICH HOMES LIMITED 1998-03-09 → present
2. INGLEBY (1020) LIMITED 1997-09-19 → 1998-03-09

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In preparing the financial statements the Directors must satisfy themselves that it is reasonable for them to conclude it is appropriate to adopt the going concern basis. The Group meets its day-to-day liquidity requirements through managing both its retail and wholesale funding sources and is required to maintain a sufficient buffer over regulatory capital requirements in order to continue to be authorised to carry on its business. ... The Company's main creditor, its ultimate parent undertaking, has indicated that it will continue to support the Company for the next 12 months. The financial statements have therefore been prepared on a going concern basis.”

Significant events

• “During the year the Company purchased no properties (2024: nil) and disposed of 40 properties (2024: 22).”
• “The Company has recorded a revaluation gain of £2,450,000 for the year (2024: £2,493,000).”

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

Filings

2

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

  -5%

  £7,475,000 → £7,099,000

• Cash

  +82.8%

  £238,000 → £435,000

• Net assets

  +10%

  £33,714,000 → £37,097,000

• Employees

  —

  Not reported

• Operating profit

  -7.1%

  £6,314,000 → £5,865,000

• Profit before tax

  -4.8%

  £3,631,000 → £3,457,000

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