WESTLAB LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-26 (in 2mo)
Last made up 2025-07-12
Watchouts
None on the register
Cash
£25K
+69.1% vs 2022
Net assets
£667K
+159.9% vs 2022
Employees
53
-8.6% vs 2022
Profit before tax
£575K
+164.7% vs 2022
Net assets
3-year trend · vs Health Care median
Accounts
3-year trend · latest reflected 2023-12-31
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2023-12-31.
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Turnover | — | £10,658,780 | £10,940,015 | |
| Operating profit | — | -£757,117 | £818,364 | |
| Profit before tax | — | -£888,706 | £574,850 | |
| Net profit | — | -£830,007 | £410,192 | |
| Cash | — | £14,979 | £25,335 | |
| Total assets less current liabilities | — | £738,632 | £1,041,681 | |
| Net assets | — | £256,488 | £666,680 | |
| Equity | £1,085,904 | £256,488 | £666,680 | |
| Average employees | — | 58 | 53 | |
| Wages | — | £1,792,043 | £1,706,591 |
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 | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Operating margin | — | -7.1% | 7.5% | |
| Net margin | — | -7.8% | 3.7% | |
| Return on capital employed | — | -102.5% | 78.6% | |
| Interest cover | — | -5.75x | 3.36x |
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
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern Thus, the Directors have continued to adopt the going concern basis of accounting in preparing these financial statements”
Group structure
- WESTLAB LTD · parent
- SPL Cobham Limited 100%
Significant events
- “There are several geopolitical events happening today which pose a risk to UK business Continued unrest in the middle east, specifically in/around the Red Sea, plus ongoing uncertainty over a conclusion to the Russia / Ukraine conflict remain a risk to the supply chain The Directors have carried out an assessment of the potential impact of these uncertainties on the business, including the impact of mitigation measures, and have concluded that these are non-adjusting events with the greatest impact on the business expected to be from the economic ripple effect on the global economy”
- “The profit for the year, after taxation, amounted to £317,654 (2023 - £410,192) which included a one-off investment impairment of £376,272”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NUGENT, Robert | Secretary | 2014-11-14 | — | — |
| DALY, Sean Thomas | Director | 2022-11-30 | May 1993 | British |
| FLETCHER, Cameron William | Director | 2025-09-22 | Nov 2002 | British |
| NUGENT, Robert | Director | 2014-11-14 | Dec 1982 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LIVINGSTON, Filomena | Secretary | 2004-08-26 | 2014-11-14 |
| DUPORT SECRETARY LIMITED | Corporate Nominee Secretary | 2004-08-25 | 2004-08-26 |
| BOHAN, Richard | Director | 2010-07-07 | 2023-10-31 |
| FLETCHER, Scott Jonathan | Director | 2014-11-14 | 2022-11-30 |
| LIVINGSTON, Scott Paul | Director | 2004-08-26 | 2021-04-06 |
| DUPORT DIRECTOR LIMITED | Corporate Nominee Director | 2004-08-25 | 2004-08-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lowry Trading Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-04-06 | Active |
| Mr Scott Paul Livingston | Individual | Shares 25–50% | 2016-08-01 | Ceased 2021-04-06 |
| Mr Scott Jonathan Fletcher | Individual | ownership-of-shares-25-to-50-percent-as-trust | 2016-04-06 | Active |
Filing timeline
Last 20 of 115 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-25 RESOLUTIONS Resolution
- 2025-09-25 MA Memorandum articles
- 2022-09-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-20 | CH01 | officers | Change person director company with change date | |
| 2025-12-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-25 | MA | incorporation | Memorandum articles | |
| 2025-09-23 | SH01 | capital | Capital allotment shares | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-20 | AA | accounts | Accounts with accounts type full | |
| 2024-07-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-10-04 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-10-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-09-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full | |
| 2022-09-16 | SH01 | capital | Capital allotment shares | |
| 2022-09-15 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 1
- Officers appointed
- 1
- 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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
+2.6%
£10,658,780 £10,940,015
-
Cash
+69.1%
£14,979 £25,335
-
Net assets
+159.9%
£256,488 £666,680
-
Employees
-8.6%
58 53
-
Operating profit
+208.1%
-£757,117 £818,364
-
Profit before tax
+164.7%
-£888,706 £574,850
-
Wages
-4.8%
£1,792,043 £1,706,591
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers