CITY OF WOLVERHAMPTON HOUSING COMPANY 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

FRS 102

Reporting scope

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have carefully considered the company's cashflow requirements for the next 12 months and, taking into account current cash deposits and the loan facility provided by its parent undertaking, have concluded that the company will be able to meet its liabilities as they fall due. The company has sites under development sufficient to support activity for at least the next 12 months and is actively seeking to increase its development pipeline.”

Group structure

1. CITY OF WOLVERHAMPTON HOUSING COMPANY LIMITED · parent
   1. Hampton Park (Wolverhampton) Management Company Limited · England · estate management company for the Hampton Park Development, has been dormant since incorporation.
   2. The Marches (Wolverhampton) Management Company Limited · England · has been dormant since incorporation.

Significant events

• “Turnover for the year increased to £16.8 million (2023-24: £12.1 million) as housing unit completions increased with development at the company's Hampton Park site continuing in the year. Demand for the company's new homes remained strong leading to improved selling prices. Profit before tax for the year increased to £2.7 million (2023-24: £0.9 million) as margins showed the effect of the increased selling prices.”
• “Inventories decreased to £6.0 million (2023-24: £10.7 million) as a result of the increased sales at Hampton Park which is due to complete in 2025.”
• “The housing market for new homes has been resilient over the past year. However, the current economic environment means that affordability for the company's customers remains stretched which still poses the risk that housing demand, and therefore prices, may dampen making developments less profitable.”
• “The Company sub-contracts construction activities on its development sites and is exposed to supply chain disruption and increased costs as a result of global factors. Construction activities continue to be affected by cost increases as part of the general inflationary environment. There remains considerable uncertainty regarding costs and inflation over the coming year.”
• “The company continues to identify development sites within the City of Wolverhampton, and the Greater Birmingham and Black Country Housing Market Area, and to build a pipeline of sites to deliver high quality, good value homes for local residents.”

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

Filings

2

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

  +39.6%

  £12,070,000 → £16,847,000

• Cash

  +258.1%

  £1,528,000 → £5,472,000

• Net assets

  +30%

  £6,693,000 → £8,703,000

• Employees

  0%

  5 → 5

• Operating profit

  +206.2%

  £952,000 → £2,915,000

• Profit before tax

  +191.5%

  £928,000 → £2,705,000

• Wages

  -1.1%

  £365,000 → £361,000

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