DBW INVESTMENTS (12) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. DBW INVESTMENTS (12) LIMITED 2017-10-06 → present
2. FINANCE WALES INVESTMENTS (12) LIMITED 2016-05-17 → 2017-10-06

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have made an assessment of going concern, taking into account both current performance and the Company's outlook which considered the impact of macroeconomic uncertainties, and in particular the impact of the cost of living crisis, potential trade restrictions and tariff increases and strained economic relations between the US, China, Europe and other countries and the conflicts in Ukraine and Gaza on reducing (but still high) global inflation, energy prices and interest rates. As part of the assessment of going concern the directors made enquiries and reviewed forecasts for the Company including considering the recoverability of the outstanding loan investments, undrawn funding commitments and investment repayments made, and the directors believe there are no material uncertainties that lead to significant doubt on the Company's ability to continue in business over the next 12 months at least. As a result of this assessment, the directors consider that it is appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “On 30 June 2025, an Amended and Restated Limited Partnership Agreement was agreed for Management Succession (Wales) Limited Partnership with a further £40.0m of funding for the Partnership to establish the new Wales Business Succession Fund (WBSF).”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -27.1%

  £2,916,333 → £2,127,029

• Net assets

  -14.6%

  £9,670,266 → £8,257,696

• Employees

  —

  Not reported

• Operating profit

  -123.6%

  £8,697,176 → -£2,052,598

• Profit before tax

  -116.2%

  £8,702,036 → -£1,412,570

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