WALKER TIMBER LIMITED

• ◆

  3 officer resignations in last 12 months

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

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the directors believe to be appropriate for the following reasons. At the year end, the company had net assets of £9,626,453 and net current assets of £4,409,670. It manages its day to day and medium-term funding requirements through cash balances. These balances are forecast to provide sufficient liquidity to finance seasonal cash flows in the ordinary course of business. The directors have also received confirmation from a fellow group company that they will not seek repayment of amounts repayable to them for at least the next 12 months. The directors have assessed the ability of the fellow group company to provide this confirmation, including reviewing the fellow group company's own forecasts, and note no issues around the ability or intent of the fellow group company to do so. The directors have prepared projected cash flow forecasts for the twelve months from the date of approval of these financial statements. Based on these cash flows, and the factors noted above, the directors believe that the company has sufficient resources to enable the company to continue to meet its financial obligations as they fall due during the next 12 months. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “Miller Homes plans to source the majority of the timber frames required for its Scotland Division from Walker Timber over the next few years. In addition, Walker Timber will provide Miller Homes with options around the roll-out of timber frame housing in England, and will support Miller Homes' commitment to improving its sustainability credentials.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -6.9%

  £19,961,689 → £18,576,449

• Cash

  +35%

  £4,733,432 → £6,390,799

• Net assets

  +5.5%

  £9,070,765 → £9,570,663

• Employees

  -1.7%

  115 → 113

• Operating profit

  -56.3%

  £1,520,096 → £664,083

• Profit before tax

  -56.3%

  £1,520,096 → £664,030

• Wages

  +6%

  £3,241,977 → £3,436,037

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