WALLACE, MCDOWALL 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

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors' assessment of the company's ability to continue to adopt the going concern basis of accounting included: • gaining assurance over the borrowing facilities available at the balance sheet date and in the forecast period; • evaluating the integrity and accuracy of the cashflow forecasts prepared by management for the Group; • assessing the appropriateness of assumptions and explanations provided by management to supporting information, where available; • evaluating the accuracy and consistency of disclosures made in the financial statements in respect of principal risks and going concern.”

Group structure

1. WALLACE, MCDOWALL LIMITED · parent
   1. SPS (Ayr) Limited 100% · Scotland · Non-trading

Significant events

• “During 2024, the market sectors to whom we supply saw a significant downturn in demand, particularly during Quarters 3 and 4 which had an impact on our year-end revenue and EBITDA.”

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

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -17%

  £13,968,890 → £11,599,439

• Cash

  -76.3%

  £534,498 → £126,814

• Net assets

  +10.9%

  £3,298,081 → £3,658,830

• Employees

  -11.8%

  169 → 149

• Operating profit

  -56.1%

  £633,811 → £278,107

• Profit before tax

  -95.4%

  £391,815 → £18,032

• Wages

  -2.8%

  £4,578,101 → £4,451,877

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