WREN TOPCO LIMITED

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

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group made a loss after taxation of £10,761,000 (2024: £7,197,000) for the year ended 31 March 2025 and has net liabilities at this date of £27,060,000 (2024: £1,827,000). The Group considers EBITDA (calculated as operating profit after adding back depreciation, amortisation and any gains or losses related to asset disposals) as a good proxy for operating cash inflows and as the key measure of operating performance - 2025: £19,696,000 profit (2024: £30,580,000 profit). The Directors have considered the financial position of the Company and the Group and the Group's forecast and concluded that it is appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. WREN TOPCO LIMITED · parent
   1. Fork Rent Ltd 100% · England · Intermediate holding company
   2. Wren Midco Ltd 100% · England · Intermediate holding company
   3. Wren Buyerco Ltd 100% · England · Intermediate holding company
   4. Ardent Hire Solutions Ltd 100% · England · Plant hire
   5. Wren EBT Ltd 100% · England · Investment
   6. One Call Hire Ltd 100% · England · Dormant

Significant events

• “On 19 June 2025 the Group re-financed its operations through entering into a new ABL arrangement, secured on the plant and machinery and trade receivables of the Group, with revolving credit facilities of £110m over a five year term.”
• “The Group has placed orders for the delivery of 666 machines of which 459 were scheduled for delivery post financial year end. These machines will all be delivered by the end of September.”

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

Filings

20

last 12 months

Capital events

5

last 24 months

Officers appointed

3

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

  -20%

  £70,006,000 → £56,030,000

• Cash

  -87.7%

  £438,000 → £54,000

• Net assets

  -1,381.1%

  -£1,827,000 → -£27,060,000

• Employees

  -22.9%

  240 → 185

• Operating profit

  -78.6%

  £9,506,000 → £2,037,000

• Profit before tax

  -67.4%

  -£6,399,000 → -£10,714,000

• Wages

  -15.2%

  £11,863,000 → £10,063,000

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