COREWIRE LIMITED
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Cash
£200K
+480% vs 2023
Net assets
£5.9M
+7.5% vs 2023
Employees
52
+2% vs 2023
Profit before tax
£558K
+12.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-06-30.
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £11,157,501 | £11,047,290 | -1% | |
| Operating profit | £620,777 | £515,412 | -17% | |
| Profit before tax | £496,005 | £558,173 | +12.5% | |
| Net profit | £362,005 | £508,173 | +40.4% | |
| Cash | £34,471 | £199,926 | +480% | |
| Total assets less current liabilities | £9,179,513 | £9,409,588 | +2.5% | |
| Net assets | £5,474,032 | £5,882,979 | +7.5% | |
| Equity | £5,474,032 | £5,882,979 | +7.5% | |
| Average employees | 51 | 52 | +2% | |
| Wages | £2,330,634 | £2,486,699 | +6.7% | |
| Directors' remuneration | £443,689 | £494,584 | +11.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | 5.6% | 4.7% | |
| Net margin | 3.2% | 4.6% | |
| Return on capital employed | 6.8% | 5.5% | |
| Gearing (liabilities / total assets) | 54.0% | 47.7% | |
| Current ratio | 3.04x | 4.22x | |
| Interest cover | 3.62x | 3.43x |
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.
Name history
Renamed 1 time since incorporation
- COREWIRE LIMITED 1977-12-31 → present
- BRINELL ENGINEERING LIMITED 1975-12-10 → 1977-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Begbies
- 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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- COREWIRE LIMITED · parent
- Weldclad Limited 100%
- Kespar Technology Limited 100%
- Corewire Surface Technology Pvt Limited 80%
- Corewire Surface Technology sro 100%
Significant events
- “The company recorded a similar year for sales turnover to the previous year, though increases to the cost of production saw the gross profit reduced slightly compared to last year. Reductions in the cost of some raw materials became noticeable towards the end of the financial year and this downward trend is expected to continue for some months. This will inevitably lead to downward pressure on future sales prices. The wider economic outlook in several key markets is currently depressed and this will further dampen future sales turnover, a challenging year ahead is predicted.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WELCH, Ian | Secretary | 2005-11-04 | — | British |
| ANSTEE, Raymond Charles | Director | 2001-06-01 | Aug 1956 | British |
| BOAG, Alasdair | Director | 2000-10-01 | Jun 1970 | British |
| BOAG, Beverley John | Director | — | Jul 1942 | British |
| BOAG, Martin David | Director | 2005-11-03 | Jul 1944 | British |
| WELCH, Ian | Director | 2005-11-04 | Jun 1969 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOAG, Martin David | Secretary | — | 2005-11-03 |
| DUVAL-STEER, Ronald | Director | — | 1994-07-05 |
| HENDERSON, Terence Winston | Director | 1996-04-01 | 2004-08-17 |
| HUNT, Stephen Donald | Director | — | 2014-04-30 |
| LE JEUNE, David, Dr | Director | 2006-04-01 | 2020-01-31 |
| WARR, George Edward | Director | — | 1996-03-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Blackwater Holdings Limited | Corporate entity | Shares 75–100% | 2023-03-01 | Active |
| Mr Beverley John Boag | Individual | Significant influence | 2016-07-22 | Ceased 2022-06-29 |
Filing timeline
Last 20 of 119 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-07 | AA | accounts | Accounts with accounts type full | |
| 2024-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-19 | AA | accounts | Accounts with accounts type full | |
| 2023-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-20 | AA | accounts | Accounts with accounts type full | |
| 2023-03-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-03-30 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2022-07-26 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2022-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-04-14 | AA | accounts | Accounts with accounts type full | |
| 2021-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-15 | AA | accounts | Accounts with accounts type full | |
| 2020-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-08 | AA | accounts | Accounts with accounts type full | |
| 2020-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2019-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-02-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.