RW REFRIGERATION WHOLESALE LIMITED

1. RW REFRIGERATION WHOLESALE LIMITED 2014-06-18 → present
2. URW REFRIGERATION WHOLESALE LIMITED 2013-07-10 → 2014-06-18
3. UR REFRIGERATION WHOLESALE LIMITED 2012-03-09 → 2013-07-10
4. UNITED REFRIGERATION (U.K.) LIMITED 1997-10-22 → 2012-03-09

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

Ellacotts Audit Services Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company is profitable and cash-generative and therefore commonly funds its day-to-day trading through working capital. It has strong relationships with a number of customers and suppliers across different geographic areas and industries and, as a consequence, the directors believe that the company is well placed to manage its business risks successfully. The directors have reviewed the financial position of the company and the cash flow forecast for a period of 12 months from the date of signing, taking into consideration the uncertainties arising from the economic environment and the possibilities of a consequential unfavourable impact of this upon trading. The directors have stress-tested these forecasts by assuming a significant reduction in turnover, offset by identified operational and capital expenditure cost savings. On this basis the directors have assessed the company's cash flow forecast for the 12 months immediately following the date of signing and believe that it will have sufficient cash resources to meet its daily cash flow requirements over this period and therefore continue in operational existence for the foreseeable future. Additionally, the directors of the company have received written confirmation from Beijer Ref AB that it will continue to support RW Refrigeration Wholesale Limited so that it can meet all of its financial liabilities for at least one year from the date of signing these financial statements.”

Group structure

1. RW REFRIGERATION WHOLESALE LIMITED · parent
   1. Banfield Refrigeration Supplies Limited 100% · United Kingdom

Significant events

• “The company continues to pursue its long term strategy of growth.”
• “The company continues to invest in the welfare and wellbeing of its employees through its Employee Assistance Program and recognises the importance of a good work-life balance by increasing the statutory holiday entitlement for its long-serving employees.”
• “The company's operations expose it to a variety of financial risks that include credit risk, exchange rate risk, price risk and liquidity risk. The company has in place risk management procedures that seek to limit the adverse effects on the financial performance of the company.”

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

  +7.8%

  £23,557,000 → £25,402,000

• Cash

  -0.3%

  £4,541,000 → £4,526,000

• Net assets

  +23.2%

  £4,832,000 → £5,953,000

• Employees

  +23.6%

  55 → 68

• Operating profit

  -4.3%

  £1,420,000 → £1,359,000

• Profit before tax

  -4.8%

  £1,347,000 → £1,282,000

• Wages

  +58.3%

  £1,584,000 → £2,508,000

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