WHISTL UK LIMITED

1. WHISTL UK LIMITED 2014-09-15 → present
2. TNT POST UK LIMITED 2006-04-24 → 2014-09-15
3. TNT MAIL UK LIMITED 2005-03-03 → 2006-04-24
4. TPG POST UK LIMITED 2002-06-27 → 2005-03-03
5. BROOMCO (2918) LIMITED 2002-04-15 → 2002-06-27

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have reviewed group cash flow forecasts for the Whistl Consolidated Limited group from the date of approval of the financial statements through to 31 August 2026 ("the going concern period"). These forecasts reflect an assessment of current and future market conditions and their impact on the group's future cash flow performance. These forecasts have been reverse stress tested by considering the impact of a sudden and significant reduction in revenue. In both the base case forecast and the reverse stress tested scenarios, the group will have sufficient cash and existing borrowing facilities to continue in operation. In addition, the Group's liquidity is further supported by a fully committed irrevocable £65m funding line jointly provided by HSBC and NatWest which is divided into a credit and working capital facility. This facility has been renewed for a further four years plus one commencing June 2024. As such the directors are satisfied that Whistl Consolidated Limited has the ability to fulfil its obligations to support the Company during the going concern period.”

Group structure

1. WHISTL UK LIMITED · parent
   1. Whistl North Limited 100% · UK · Dormant
   2. Whistl Scotland Limited 100% · UK · Dormant
   3. Whistl South West Limited 100% · UK · Dormant
   4. Whistl Midlands Limited 100% · UK · Dormant
   5. Whistl London Limited 100% · UK · Dormant
   6. Whistl (Doordrop Media) Limited 100% · UK · Unaddressed Mail
   7. Parcelhub Limited 100% · UK · Parcel and delivery solutions
   8. Mail Workshop Limited 100% · UK · Dormant
   9. Relish Agency Limited 100% · UK · Ecommerce Marketing (Brand Partnership and Sampling)

Significant events

• “Company revenue increased by 11.0% to £692.9m (2023: £624.5m), despite a challenging environment including inflation and cost of living pressures, due to new wins in the Mail Market offset by a slight decline in the competitive Tracked Parcels and Cross Border Solutions market.”
• “The directors recommended a dividend of £3,000,000 (2023: £nil).”
• “On the 19th December 2024 the company acquired the shares in Whistl (Doordrop Media) Limited from Whistl Marketing Services Group Limited at the carrying value. On the same day the company transferred the shares in Whistl Fulfilment Limited, Whistl Ecommerce Group Limited and Whistl Fulfilment (South West) Limited to Whistl Limited at the carrying values. Finally the company transferred the shares in Relish Agency Limited to Whistl (Doordrop Media) Limited at the carrying value.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.