C & W (U.K.) LLP

• ⚠

  Material uncertainty over going concern

  The LLP made a loss for the financial year of £12,381,000 (2023: loss of £10,109,000), has net current assets of £63,476,000 (2023: £73,177,000) and has net assets of £64,981,000 (2023: £76,071,000). The financial statements have been prepared on a going concern basis which the members consider to be appropriate for the following reasons. The members have prepared group cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the LLP will have sufficient funds, through funding from its intermediate parent, DTZ Worldwide Limited, to meet its liabilities as they fall due for that period. Those forecasts are dependent on DTZ Worldwide Limited not seeking repayment of the amounts currently due, which at the balance sheet date amounted to £152,249,000, and providing additional financial support during that period. DTZ Worldwide Limited has indicated its intention to continue to make available such funds as are needed by the LLP, and that it does not intend to seek repayment of the amounts due at the balance sheet date, for the period of at least 12 months from date of approval of these financial statements. As with any entity placing reliance on other group entities for financial support, the members acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

1. C & W (U.K.) LLP 2018-05-26 → present
2. CUSHMAN & WAKEFIELD LLP 2007-05-24 → 2018-05-26

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The LLP made a loss for the financial year of £12,381,000 (2023: loss of £10,109,000), has net current assets of £63,476,000 (2023: £73,177,000) and has net assets of £64,981,000 (2023: £76,071,000). The financial statements have been prepared on a going concern basis which the members consider to be appropriate for the following reasons. The members have prepared group cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the LLP will have sufficient funds, through funding from its intermediate parent, DTZ Worldwide Limited, to meet its liabilities as they fall due for that period. Those forecasts are dependent on DTZ Worldwide Limited not seeking repayment of the amounts currently due, which at the balance sheet date amounted to £152,249,000, and providing additional financial support during that period. DTZ Worldwide Limited has indicated its intention to continue to make available such funds as are needed by the LLP, and that it does not intend to seek repayment of the amounts due at the balance sheet date, for the period of at least 12 months from date of approval of these financial statements. As with any entity placing reliance on other group entities for financial support, the members acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”

Significant events

• “The LLP sold its entire 3.254% equity interest in Cushman & Wakefield RE Consultants Spain, S.L. to Cushman & Wakefield International Limited for a consideration of £2,034,000.”
• “The reduced 2024 turnover across the UK and Germany operations was reflective of lower commercial real estate transaction volumes during the year, leading to the LLP's 5% decline in turnover compared to the prior financial period.”
• “Disciplined cost management plans continued throughout 2024 to navigate challenging market conditions and soften the 2024 operating loss. Cost management largely kept pace with the year over year decrease in revenue of 5%, as seen in the year over year decrease in expenses by 3%.”

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

  -5.3%

  £125,141,000 → £118,485,000

• Cash

  +48.2%

  £8,076,000 → £11,969,000

• Net assets

  -14.6%

  £76,071,000 → £64,981,000

• Employees

  -9.9%

  835 → 752

• Operating profit

  -156%

  -£1,768,000 → -£4,526,000

• Profit before tax

  -20.7%

  -£9,670,000 → -£11,669,000

• Wages

  -2.9%

  £64,044,000 → £62,207,000

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