WELBECK PUBLISHING GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  On 1st January 2024, the Company transferred its investments to group companies during the year and therefore did not trade beyond this transfer taking place. After making enquiries, the directors will not be liquidating the Company in the foreseeable future but will retain it in case it is required to trade for future projects that the Group may enter into. As the company is no longer trading, the financial statements have been prepared on a basis other than the going concern basis.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. WELBECK PUBLISHING GROUP LIMITED 2019-02-12 → present
2. OH! BOOK GROUP LIMITED 2018-07-06 → 2019-02-12

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

Standalone (parent only)

Auditor

Constantin

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On 1st January 2024, the Company transferred its investments to group companies during the year and therefore did not trade beyond this transfer taking place. After making enquiries, the directors will not be liquidating the Company in the foreseeable future but will retain it in case it is required to trade for future projects that the Group may enter into. As the company is no longer trading, the financial statements have been prepared on a basis other than the going concern basis.”

Group structure

1. WELBECK PUBLISHING GROUP LIMITED · parent
   1. Welbeck Publishing Group Services Limited 100% · Publishing support services
   2. Mortimer Books Limited 100% · Holding company

Significant events

• “During the year the business transferred its intangible fixed assets to Carlton Books Limited, a company in the Hachette UK group.”
• “During the year, the Company sold its investment in Welbeck Australia Pty registered at 17/207 Kent Street, Sydney, NSW 2000, Australia to Hachette Australia Pty, a fellow subsidiary in the Hachette Group.”
• “On 1st January 2024, the Company transferred its investments to group companies during the year and therefore did not trade beyond this transfer taking place.”
• “During the year, there was a reduction in the share capital to £1 A ordinary share only.”
• “The company has entered into a corporate cross guarantee, together with Mortimer Books Ltd, to secure the banking arrangements of Carlton Books Limited. These charges were satisifed 22 January 2024 and 2 Feburary 2024.”

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

Filings

10

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

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

  -100%

  £3,387,019 → £1

• Employees

  —

  Not reported

• Operating profit

  +100%

  -£9,292 → £0

• Profit before tax

  +40,120.8%

  -£9,309 → £3,725,536

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