MULLINS & WESTLEY 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

• Turnover

  -1.1%

  £6,508,117 → £6,434,253

• Cash

  -76.4%

  £1,345,155 → £317,113

• Net assets

  -3.5%

  £5,502,469 → £5,312,266

• Employees

  -5.3%

  94 → 89

• Operating profit

  -72.9%

  -£170,790 → -£295,282

• Profit before tax

  -86.2%

  -£102,141 → -£190,203

• Wages

  +2.9%

  £2,004,549 → £2,062,277

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

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

HB Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Challenges directly affecting hospitality and wine merchants' businesses have continued unabated. The Chancellor's Spring budge: earlier this year resulted in additional labour costs passed on to businesses from the increase of the Employer's National Insurance contribution rate to 15%, but more significantly the lower threshold banding when NI becomes payable to £5,000. This has had a particularly hard impact on hospitality sector due to its generally younger and more transient working population. The latest Chancellor's 'tax-raising' Budget announced in November 2025 has done little to mitigate the wel-publicised and disclosed pressures on the sector. On the contrary, business rates increases will now be inevitable from April 2026. Despite this the Directors have considered the current business model, principal risks and uncertainties. Based on the latest forecast, the Board remains satisfied that the company will be able to operate for the foreseeable future. This assessment is made despite these additional pressures highlighted and the continuing challenging economic outlook. The Board continue to refine the business models in line with consumer demands by actively exploring additional opportunities to drive incremental revenue generation and in a more cost-effective environment. On this basis, the Board believes that the business will remain trading for a period of at least 12 months from the date of signing of these financial statements. These financial statements have therefore been prepared on the going concern basis.”

Group structure

1. MULLINS & WESTLEY LIMITED · parent
   1. The Sandeman Quarter Ltd 20% · England & Wales

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

Filings

3

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.