WAIN HOMES (NORTH WEST) LIMITED

1. WAIN HOMES (NORTH WEST) LIMITED 2021-09-29 → present
2. WAINHOMES (NORTH WEST) LIMITED 2009-01-13 → 2021-09-29
3. WAINHOMES DEVELOPMENTS LIMITED 2003-11-27 → 2009-01-13

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

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Accordingly, the directors have reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements, and consequently they consider that it is appropriate to adopt the going concern basis of preparation.”

Significant events

• “The company had another successful year, despite prevailing market and economic uncertainty, the short-term disruption caused by the UK general election and continued high comparable interest rates. Sustained volumes, revenues and gross margins, despite the continuing labour and supply challenges, and cost inflation, have supported the investment in resources required to underpin the regional structure to consolidate its performance and continue to work towards its Five Year Plan of over 600 homes per annum.”
• “Ongoing challenges in the planning system have provided a hurdle to the company's continued progressing of land opportunities, however the land bank and pipeline remains in a strong position to consolidate and maintain the future trading volumes of the business. The objective is to maintain the optimal scale for the business that has now been reached by continuing to develop sufficient sales outlets.”
• “Interest rates remained high during the financial year to 29 September 2024 due to the significant rise in rates during 2023, which can impact sales activity as a result of the increasing borrowing costs for customers. Labour and material supply also continues to hamper delivery of new housing as a result of the ongoing conflict in Ukraine, Brexit and the delays in the UK planning system.”

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

Filings

10

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

  -0.8%

  £142,142,000 → £141,007,000

• Cash

  -35.1%

  £24,198,000 → £15,701,000

• Net assets

  -42.3%

  £167,344,000 → £96,620,000

• Employees

  -0.7%

  152 → 151

• Operating profit

  -19.7%

  £20,614,000 → £16,552,000

• Profit before tax

  -15.1%

  £24,568,000 → £20,867,000

• Wages

  +1.7%

  £8,706,000 → £8,850,000

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