NORFOLK AND WAVENEY ENTERPRISE SERVICES

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

  —

  Not reported

• Cash

  +26.7%

  £638,886 → £809,494

  highest in 6 filed years

• Net assets

  -16.7%

  £1,014,396 → £844,793

  first positive since 2020

• Employees

  +10.4%

  48 → 53

  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

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. NORFOLK AND WAVENEY ENTERPRISE SERVICES 2002-10-21 → present
2. LOWESTOFT ENTERPRISE TRUST LIMITED(THE) 1982-05-05 → 2002-10-21

Accounting basis

FRS 102

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PKF Smith Cooper Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In preparing the financial statements, the Directors have paid due regard to relevant forecast financial information, including cash flows, and factored in sensitivities and uncertainties affecting the Group. As disclosed in note 1, the Company and its subsidiary are part of a Quasi-Group with NBV Enterprise Solutions Limited (company registration number 01678839) and its 100% subsidiary NBV Property Management Ltd. As of 31 March 2025, the Company had net current liabilities and due to the current position on some projects, the Company may require financial support from its fellow group company to meet its liabilities as they fall due. This potential requirement has been modelled over the next twelve months and the Directors consider that the current levels of cash reserves within the Group should be adequate to cover the expected maximum requirement. NWES Property Services Limited has confirmed its willingness to support Norfolk and Waveney Enterprise Services Limited. NWES Property Services Limited has also signified its willingness to provide financial support to a fellow Quasi-Group member, NBV Enterprise Solutions Limited to meet its liabilities as they fall due, and the cash forecasts and reserves are considered to be sufficient to enable that pledge to be honoured. In the Directors' opinion, the Group is a going concern for a minimum of twelve months from the date of the approval of the financial statements.”

Group structure

1. NORFOLK AND WAVENEY ENTERPRISE SERVICES · parent
   1. NWES Property Services Limited 100%
   2. Enterprise for London Limited 66.67%

Significant events

• “The Group has a contingent liability in respect of a potential clawback of funding regarding an historic project. The Directors have carefully considered the matter. The Group responded to the funder, but there has been no further correspondence for over two years, therefore any outcome cannot be reliably estimated at the time of the approval of the financial statements. It is clear from relevant documentation that any clawback is discretionary and is not being actively pursued. No liability has been provided for in the financial statements, in line with financial reporting standards nor any quantum disclosed.”

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

1

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.