NENE WAREHOUSE SOLUTIONS LTD

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.3 in the financial statements, which indicates that the company has provided a cross-guarantee in support of the borrowing of another company under common control, Nene Group Limited. Current projections note the potential for this to be enforced and it is the potential impact of this that the directors have identified as giving rise to a material uncertainty over the ability of the company to continue as a going concern. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

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

  -27.6%

  £25,640,617 → £18,557,656

• Cash

  +0.1%

  £114,830 → £114,943

• Net assets

  -18.8%

  £5,213,768 → £4,231,392

  lowest in 6 filed years

• Employees

  +5%

  60 → 63

  highest in 6 filed years

• Operating profit

  -289.1%

  £478,688 → -£905,083

  lowest in 6 filed years

• Profit before tax

  -343.4%

  £407,675 → -£992,295

  lowest in 6 filed years

• Wages

  +29.8%

  £2,378,132 → £3,087,441

  highest in 6 filed years

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.

1. NENE WAREHOUSE SOLUTIONS LTD 2021-12-31 → present
2. NENE STORAGE EQUIPMENT LIMITED 1998-01-01 → 2021-12-31
3. NENE MECHANICAL HANDLING LIMITED 1974-03-08 → 1998-01-01

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.3 in the financial statements, which indicates that the company has provided a cross-guarantee in support of the borrowing of another company under common control, Nene Group Limited. Current projections note the potential for this to be enforced and it is the potential impact of this that the directors have identified as giving rise to a material uncertainty over the ability of the company to continue as a going concern. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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