ROTABLE REPAIRS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors therefore believe that it is appropriate to prepare the financial statements on the going concern basis.”

Significant events

• “Additional inspections and repairs were introduced by the OEM which has doubled inspection and handling times - affecting our largest customer, and affecting smaller operators with the same fleet type as well.”
• “Ongoing supply chain issues with our contracted parts have impacted production efficiencies, causing fluctuations in management process times, supply chain and logistics.”
• “Post-COVID alignment of maintenance inspections has resulted in a 20% to 50% increase in overhaul volumes. The business models applied at contract inception did not account for pandemic outcomes.”
• “Increased competition in the market has led to the resignation of several staff members. This required us to reassign staff to cover positions and take on additional workloads while we sourced replacements.”
• “Following the balance sheet date, the Company was party to a group restructure whereby the investment held by the immediate parent undertaking, Rotable Repairs Group Limited, was transferred into Watts Desser Limited. The immediate subsidiary undertaking was subsequently dissolved.”
• “The immediate subsidiary undertaking is in the process of being dissolved, and the immediate parent undertaking will become Watts Desser Limited, a company incorporated and registered in England and Wales.”

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

1

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

  -0.9%

  £18,066,301 → £17,902,567

• Cash

  -18.4%

  £1,777,586 → £1,450,305

• Net assets

  +22.7%

  £1,943,936 → £2,385,624

• Employees

  +1.3%

  76 → 77

• Operating profit

  -55.7%

  £1,685,283 → £746,472

• Profit before tax

  -64.4%

  £1,478,318 → £526,486

• Wages

  -1.4%

  £2,828,067 → £2,788,272

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