WHEEL SOLUTIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-02 (in 1y)
Last made up 2026-04-18
Watchouts
None on the register
Cash
£70K
+26% vs 2023
Net assets
£5M
+8.2% vs 2023
Employees
23
0% vs 2023
Profit before tax
£562K
-21.5% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £11,051,096 | £8,665,098 | |
| Operating profit | £820,671 | £651,871 | |
| Profit before tax | £716,287 | £562,149 | |
| Net profit | £540,418 | £422,875 | |
| Cash | £55,232 | £69,585 | |
| Total assets less current liabilities | £5,482,112 | £5,609,638 | |
| Net assets | £4,683,445 | £5,066,320 | |
| Equity | £4,683,445 | £5,066,320 | |
| Average employees | 23 | 23 | |
| Wages | £660,947 | £679,427 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 7.4% | 7.5% | |
| Net margin | 4.9% | 4.9% | |
| Return on capital employed | 15.0% | 11.6% | |
| Gearing (liabilities / total assets) | 34.7% | 38.6% | |
| Current ratio | 4.18x | 3.09x | |
| Interest cover | 7.60x | 7.27x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Dains Audit Limited
- 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.”
Group structure
- WHEEL SOLUTIONS LIMITED · parent
- TyrePal Limited 100%
Significant events
- “The Company has a cross guarantee and debenture dated 23 July 2020 between between TyrePal Limited and Wheellab Limited.”
- “There exists a deed of guarantee substantially in the agreed form between Mr and Mrs Budding, Wheel Solutions Group Limited and Wheel Solutions Limited.”
- “There exists a debenture substantially in agreed form between Mr S J and Mrs J P Budding and Wheel Solutions Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUDDING, Joshua George | Director | 2014-07-01 | Sep 1989 | British |
| HIBBERT, Kerry | Director | 2021-02-26 | Aug 1981 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUDDING, June Patricia | Secretary | 2003-01-23 | 2021-02-26 |
| BUDDING, Steven James | Secretary | 1998-12-31 | 2002-04-05 |
| TAYLOR, Margaret Rose | Secretary | 2002-04-05 | 2003-01-23 |
| TAYLOR, Margaret Rose | Secretary | 1998-12-14 | 1998-12-31 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 1998-07-29 | 1998-12-14 |
| BUDDING, Steven James | Director | 1998-12-31 | 2021-02-26 |
| CLAYDON, Michael Hugh | Director | 1998-12-14 | 2002-04-25 |
| COMBINED NOMINEES LIMITED | Corporate Nominee Director | 1998-07-29 | 1998-12-14 |
| COMBINED SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 1998-07-29 | 1998-12-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ansonsco 8 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-02 | Ceased 2019-01-02 |
| Wheel Solutions Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-02 | Active |
| Mr Steven James Budding | Individual | Shares 75–100% | 2016-04-06 | Ceased 2009-01-02 |
Filing timeline
Last 20 of 126 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-22 | AA | accounts | Accounts with accounts type full | |
| 2023-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-22 | AA | accounts | Accounts with accounts type small | |
| 2022-07-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-05 | CH01 | officers | Change person director company with change date | |
| 2021-11-05 | CH01 | officers | Change person director company with change date | |
| 2021-09-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-09-06 | AA | accounts | Accounts with accounts type small | |
| 2021-06-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-05-05 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2021-05-05 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2021-05-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-03-25 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-21.6%
£11,051,096 £8,665,098
-
Cash
+26%
£55,232 £69,585
-
Net assets
+8.2%
£4,683,445 £5,066,320
-
Employees
0%
23 23
-
Operating profit
-20.6%
£820,671 £651,871
-
Profit before tax
-21.5%
£716,287 £562,149
-
Wages
+2.8%
£660,947 £679,427
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