WELL-SAFE GUARDIAN LIMITED

1. WELL-SAFE GUARDIAN LIMITED 2019-03-22 → present
2. SLLP 255 LIMITED 2019-01-31 → 2019-03-22

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Management and Directors have performed their annual going concern assessment... and have concluded that the going concern basis of preparation of the financial statements remains appropriate. In addition, the Directors considered the recent extension of bondholder debt ... and have obtained a letter of support from the principal shareholder, Glenrinnes Farms Limited, who has confirmed that it will provide any required additional funding to support Well-Safe Solutions Limited until at least 31 March 2027. As a result, the Directors are satisfied that the Company and Group can continue in operational existence for the foreseeable future and therefore it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “Interest of £1.5m due on the loans and bonds at October 2025 was capitalised and added to the principal.”
• “A new contract was entered into to deploy the Well-Safe Guardian in 2026, securing work for an initial 180 days with an option to extend for a further 180 days.”
• “Capital commitments reduced from £1.1m to £0.3m as at 31 March 2025 due to reduced anticipated activity levels in early FY26.”

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

Filings

9

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

  +46.7%

  £43,333,000 → £63,570,000

• Cash

  -20.5%

  £166,000 → £132,000

• Net assets

  -77.7%

  -£66,912,000 → -£118,899,000

• Employees

  —

  Not reported

• Operating profit

  -164%

  -£11,814,000 → -£31,184,000

• Profit before tax

  -88.9%

  -£28,090,000 → -£53,051,000

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