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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-01-19 (in 8mo)

Last made up 2026-01-05

Watchouts

None on the register

Cash

£10M

+64.4% highest in 3 filed years

Net assets

-£11M

-65.1% lowest in 3 filed years

Employees

226

+8.7% vs 2023

Profit before tax

-£4M

-308.3% lowest in 3 filed years

Name history

Renamed 2 times since incorporation

  1. WESTERN GLOBAL SOLUTIONS LIMITED 2021-02-22 → present
  2. CARMEL MIDCO 2 LIMITED 2021-01-11 → 2021-02-22
  3. CARMEL BIDCO LIMITED 2021-01-07 → 2021-01-11

Accounts

3-year trend · latest reflected 2024-12-31

Metric Trend 2022-12-312023-12-312024-12-31
Turnover £82,240,919£84,053,373£82,521,127
Operating profit £15,306,894£8,263,899£5,235,730
Profit before tax -£2,126,019£2,117,865-£4,411,416
Net profit £1,722,016-£3,889,548
Cash £7,957,746£6,022,239£9,902,150
Total assets less current liabilities £92,165,308£92,563,380£88,131,208
Net assets -£7,801,334-£6,789,474-£11,208,302
Equity -£7,801,334-£6,789,474-£11,208,302
Average employees 208226
Wages £11,346,924£13,977,761

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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2022-12-312023-12-312024-12-31
Operating margin 18.6%9.8%6.3%
Net margin 2.0%-4.7%
Return on capital employed 16.6%8.9%5.9%
Gearing (liabilities / total assets) 107.4%106.4%110.9%
Current ratio 3.03x2.96x2.75x
Interest cover 1.34x0.54x

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.

Audit & accounting basis

Accounting basis
IFRS
Reporting scope
Consolidated group
Auditor
RSM UK Audit LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The financial statements have been prepared on a going concern basis which assumes that the Group will continue in existence for the foreseeable future. The directors have assessed the ability of the Group and Company to continue as a going concern and believe that the preparation of these financial statements on a going concern basis is still appropriate.”

Group structure

  1. WESTERN GLOBAL SOLUTIONS LIMITED · parent
    1. Carmel Bidco Limited 100% · United Kingdom · Holding company
    2. Western Global Holdings Limited 100% · United Kingdom · Storage containers
    3. Western Global Limited 100% · United Kingdom · Storage containers
    4. Western International Inc. 100% · USA · Storage containers
    5. Western Global Canada Ltd 100% · Canada · Storage containers
    6. LC Exchange Co Inc 100% · Canada · Holding company
    7. Western Global Poland Sp.z.o.o 100% · Poland · Storage containers

Significant events

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

People

3 active · 3 resigned

Name Role Appointed Born Nationality
ADAMS, Richard Albert Henry Director 2021-01-22 Mar 1979 British
CONNOR, Clem Director 2021-01-22 Apr 1981 Australian
JONES, Richard Director 2021-01-22 Feb 1960 British
Show 3 resigned officers
Name Role Appointed Resigned
CRITCHLEY, Robert Andrew Director 2021-01-22 2021-02-10
SHANGHAVI, Amar Director 2021-01-07 2021-01-29
WALLIS, Ian Scott Director 2021-01-07 2021-01-29

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Carmel Midco 1 Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2021-01-07 Active

Filing timeline

Last 20 of 33 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2021-03-05 MA Memorandum articles
  • 2021-02-22 RESOLUTIONS Resolution PDF
  • 2021-02-10 RESOLUTIONS Resolution
  • 2021-02-10 MA Memorandum articles
Date Type Category Description
2026-01-06 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-10-22 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-09-16 AA accounts Accounts with accounts type group
2025-01-10 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-11 AA accounts Accounts with accounts type group
2024-05-30 CH01 officers Change person director company with change date PDF
2024-01-08 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-12-13 DISS40 gazette Gazette filings brought up to date
2023-12-12 GAZ1 gazette Gazette notice compulsory
2023-12-07 AA accounts Accounts with accounts type group
2023-01-17 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-10-01 AA accounts Accounts with accounts type full
2022-01-27 AA01 accounts Change account reference date company previous shortened PDF
2022-01-07 CS01 confirmation-statement Confirmation statement with updates PDF
2022-01-07 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2021-05-26 TM01 officers Termination director company with name termination date PDF
2021-03-05 MA incorporation Memorandum articles
2021-02-22 RESOLUTIONS resolution Resolution PDF
2021-02-10 RESOLUTIONS resolution Resolution
2021-02-10 MA incorporation Memorandum articles

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

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.

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

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

Official Companies House page