WREN MIDCO LIMITED

1. WREN MIDCO LIMITED 2015-05-15 → present
2. WREN ROLLCO LIMITED 2015-05-15 → 2015-05-15

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 101

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Wren Midco Limited is a subsidiary within the Wren Topco group ("the Group") and therefore the Directors consider that its financial position and forecast are inherently linked to that of the Group as whole. 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). On 19 June 2025 the Group re-financed its operations through entering into a new ABL arrangement, secured on the same assets, with revolving credit facilities of £110m over a five year term. The new ABL facility provides the Group with additional headroom and flexibility coupled with lower borrowing costs. This refinancing ensures that the Group has the capability and opportunity to grow significantly over the next five years. 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. The Company is in receipt of a letter of support from its parent company who has confirmed that they will not recall the debt within 12 months.”

Group structure

1. WREN MIDCO LIMITED · parent
   1. Wren Buyerco Limited 100% · England · Intermediate holding company
   2. Ardent Hire Solutions Limited 100% · England · Plant hire
   3. 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 same assets, with revolving credit facilities of £110m over a five year term.”
• “During December 2024, as part of a wider Group exercise to return £14,500,000 of capital to the shareholders of the Company's ultimate parent, Wren Topco Limited, £14,500,000 of intra-group loan notes receivable and £14,500,000 of intra-group loan notes payable were repaid as this distribution was flowed through the Company.”
• “In 2020 a reorganisation of capital structure took place, with all loan notes issued by the Company being transferred to Fork Rent Limited and all loan notes being replaced with priority shares and MIP shares to investors and management in Wren Topco Limited.”
• “In September 2022, a cash extraction occurred across the Group companies, leading to a £25,000,000 dividend declaration from Wren Topco Limited to its shareholders.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +17.8%

  £72,947,416 → £85,949,436

• Employees

  —

  Not reported

• Operating profit

  -100%

  £25,000,000 → £6,374

• Profit before tax

  -65%

  £37,111,805 → £13,002,020

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